Solar VIC announces interest free battery loans to make batteries affordable.
Are you a resident of Victoria considering a transition to solar energy? There’s never been a better time to make the switch because the Victorian government has just released a new interest-free loan that helps spread payments over a 4 year period.
Harnessing Solar Power with Solar Victoria Interest-Free Loans
Designed to alleviate the upfront costs of installing a solar battery, the Solar Victoria interest-free loan scheme offers interest-free loans to fund solar battery retrofits if you already have panels installed. If you do not have panels already, you can apply for both the solar panel rebate and battery loan at the same time. For the year 2023-24, a total of 4,500 battery loans are up for grabs. These are likely to be snapped up quickly by Victorians keen to alleviate rising energy costs so don’t delay if you want to secure yours.
Request a solar consultation with one of our friendly solar consultants to find out more and get a quote.
Through this scheme, the upfront cost of adding a solar battery can be significantly reduced. The loan repayments, spanning over four years, allow you to not just reap the savings that a solar battery solution offers, but also get on board with a sustainable future without the sting of a hefty upfront payment.
Plus, get a $2000 dollar battery subsidy
Additionally, when you get solar with a battery with ShineHub and join the ShineHub VPP, you get a $2000 discount on top from the ShineHub VPP Battery Subsidy. This will help you save even more on the up front cost of a battery and is the perfect way to add to the savings and convenience that the Solar VIC interest free loan offers.
Virtual Power Payments add extra savings too
Plus if you join the ShineHub VPP to participate in VPP events, when power is drawn from your battery to help support the grid, we’ll pay $0.55 per kWh whenever we draw power from your battery. This is up from the previous $0.45 per kWh that we have paid previously. This 22% increase in VPP payments allows households to enjoy extra savings of up to $120 annually, amounting to a substantial $1,200 over a ten-year span.
Combined savings add up
Together the solar VIC interest free loan, best in class affordable Alpha ESS batteries, and our revolutionary VPP $2000 battery subsidy and VPP payments, combine to make going solar with ShineHub a great proposition for people looking to save on their energy bills.
An best-in-class affordable battery helps too
When it comes to choosing a solar battery and inverter solution, we at ShineHub are excited to offer the robust and affordable Alpha ESS Smile range.
An industry standout, the Smile range boasts a 10-year warranty on both the inverter and the battery. This warranty isn’t affected by your Virtual Power Plant (VPP) participation, ensuring a longer lifespan than many competitor models.
Your Solar Future with ShineHub
Embracing solar energy has never been more achievable, thanks to the Solar Victoria interest-free loan and ShineHub’s premium solar products and solutions. With the powerful, reliable AlphaESS Smile battery, VPP battery subsidy and VPP payments, we’re here to ensure that your switch to solar energy is smooth, affordable and profitable now and long into the future.
Click below to request a solar consultation and let us help you find the right solution for your needs. Together, we can create a brighter tomorrow.
The information contained in this blog is for general information purposes only. ShineHub VPP or Powow products are for approved customers only. Contact ShineHub to confirm your eligibility. Terms and conditions apply.