Our Guide to the Victorian Energy Upgrades Program
Our Guide to the Victorian Energy Upgrades Program
If you're a homeowner or a business owner in Victoria, you're probably already in the loop about the buzz surrounding solar panels, all-electric homes, and the push for better energy efficiency.
As the world shifts towards greener energy sources, it's essential for folks like you to stay in the know about government initiatives like the Victorian Energy Upgrades (VEU) program.
So, what exactly are these upgrades, and how can they make a difference for both homeowners and business owners??
Let's dive into the details and shed some light on this innovative program. It's not just about saving money – it's also about contributing to a more sustainable and eco-friendly all-electric future that benefits us all.
What are the Victorian Energy Upgrades?
Taking a significant step toward a significantly cleaner and more sustainable future, the Victorian government is actively pursuing electrification through the implementation of the Gas Substitution Roadmap.?
This recently introduced roadmap serves as a strategic guide for Victorians, aiming to lead the way to achieving net-zero emissions. Further, it provides an avenue for expanded options in all-electric products and the potential for lowered energy costs.
The roadmap delineates the comprehensive strategy of the Victorian State Government to leverage energy efficiency, electrification, hydrogen, and biogas. This strategic approach is designed to effectively reduce energy expenses and carbon emissions for both homeowners and businesses across Victoria.
More broadly, the roadmap involves several key actions:
As the heart of this revolution, the Victorian Energy Upgrades program - a voluntary initiative - provides incentives for Victorians to make energy-efficient improvements to their homes and businesses. By participating in the VEU program, you're not only cutting down on power bills but also reducing greenhouse gas emissions, contributing to a cleaner environment and more sustainable solar and solar battery storage industry across the globe.
What’s more, the VEU program outlines that all new homes requiring a planning permit will be required to be all-electric from January 2024. This covers both new homes and all residential subdivisions that require a planning permit, and requires that they cannot connect to any gas network.
So, how does this program actually work?
How does the Victorian Energy Upgrades program work?
The process is surprisingly simple yet impactful and contains several key elements:
Why should I embrace the Victorian Energy Upgrades program?
Participating in the Victorian Energy Upgrades program comes with a host of benefits for all consumers (homeowners and business owners alike), including:
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You can read more about the specific benefits of being involved in the VEU by searching “Victorian Energy Upgrades for homeowners” or “Victorian Energy Upgrades for businesses”.
What products and incentives are covered under the Victorian Energy Upgrades program?
The VEU program casts a particularly wide net, covering a wide range of solar, solar battery storage and associated energy-efficiency products and upgrades that span both households and businesses.
For homeowners, these can include:
Businesses can also benefit from energy-efficient upgrades in areas such as:
How much money can you save by participating in the VEU program?
In the world of the Victorian Energy Upgrades, the magnitude of your greenhouse gas reduction directly corresponds to the number of VEECs your upgrade can generate.
Ultimately, this translates into a more substantial financial benefit. Numerous factors contribute to determining the incentive, including the fluctuating VEEC price influenced by market dynamics and the costs associated with accredited providers.
The VEEC market is a dynamic arena, characterised by prices that can undergo significant fluctuations based on shifts in supply and demand. In Victoria, legislative regulations and enduring targets ensure a stable environment for participants engaging in the VEU program. These targets extend until 2025, with further milestones anticipated once that timeframe approaches.
If you find yourself uncertain about taking the first steps or have queries regarding any aspect of the program, feel free to reach out to our affable and dependable G Store solar team at 1300 766 940. We'll be delighted to guide you through the entire process with clarity and assurance.
How am I protected under the VEU?
To ensure a seamless and ethical experience, the VEU program has established a Code of Conduct. This code outlines the minimum standards of behaviour for all stages of your journey as a solar consumer, including marketing, sales, installation, and dispute resolution. Importantly, the Code of Conduct helps safeguard you against cheap/poor-quality solar deals whose presence is increasing in the Victorian market.
To ensure that upgrades meet the desired standards, the VEU program has specific criteria and evidence requirements. These criteria cover factors such as energy efficiency standards, registration, refrigerant requirements, and disposal procedures for the solar and energy-efficiency products covered by the Victorian Energy Upgrades program.
Further, to estimate the potential impact of your energy-efficient upgrades, you can utilise the VEEC Calculator available on the VEU program's website. This tool helps you gauge the number of VEECs your upgrades might generate and the resulting financial incentive.
Wrapping up - how do I get started with the VEU?
To learn more about the money you can save by participating in the VEU movement, just visit our Learning Centre or give our friendly G Store team a call today on 1300 766 940.
We’ll love speaking with you.