Victorian Government Expands Solar Homes Rebate Program
The Victorian Government has just announcement the decision to increase the number and frequency of rebates for the Solar Homes Program from September onward.
6,500 rebates will be released 02nd September with a further 3,250 released two weeks later. This equates to a total of 9,750 in September which triples the original amount offered. The expansion will be a huge boost to the Victorian solar industry which has been struggling recently under the previous model. The amount of rebates for the rest of 2019 will effectively double and the first half of 2020 will see a 50% increase. What longer term effect this will have on the STC market is yet to be seen but the initial reaction to the announcement is a slight drop in the spot price.
Full details can be found on the VIC government website here.