Victorian Battery Interest-Free Loan

Victorians looking to boost their solar savings have an extra incentive—the Solar Victoria Battery Interest-Free Loan. If you’ve already installed solar panels (or plan to), this initiative helps make battery storage more accessible by offering up to $8,800 in an interest-free loan to eligible households.

Adding a battery to your solar setup means you can store excess energy for nighttime use, reduce reliance on the grid, and protect yourself from rising electricity prices. Let’s break down how you can take advantage of this program!

Is the Solar Victoria Battery Loan Worth It?

Absolutely! If you qualify and have been considering a home battery, this loan makes the upfront cost more manageable with flexible repayments—completely interest-free! Plus, a battery helps you:

✔ Maximise solar self-consumption – Store excess power instead of sending it back to the grid.
✔ Reduce electricity bills – Use stored energy during peak times when grid electricity is most expensive.
✔ Increase energy independence – Have backup power during blackouts (depending on battery type).
✔ Lower your carbon footprint – Use more clean energy, less fossil fuel-based electricity.

Do You Qualify for the Interest-Free Loan?

Before you start picking out a battery, let’s check if you’re eligible:

✔ You own and live in the property where the battery will be installed.
✔ Your household's combined taxable income is below $210,000 per year.
✔ Your property is valued at under $3 million.
✔ Your home has an existing solar PV system with at least 5kW capacity OR will have a solar system with at least 5kW of capacity installed with the battery
✔ You haven’t already received a battery rebate or loan through this program. (The Solar Victoria Battery rebate was cut on the 1st July 2023)
✔ You choose an approved battery system and an authorised retailer.

If you tick all the boxes, you’re good to go! ✅

How to Apply for the Solar Victoria Battery Loan

To claim your interest-free loan, follow these steps:

Step 1: Get a Battery Quote

Find a Solar Victoria-approved retailer and get a written quote for an eligible battery system. The retailer will upload your quote to the Solar Victoria portal, and you’ll receive an email confirming submission.

Step 2: Submit Your Application

Now, it’s time to prove you qualify. You’ll need:

🔹 Two forms of ID (e.g., driver’s licence, Medicare card, passport)
🔹 Proof of income (Tax Notice of Assessment or Centrelink documentation)

Once uploaded, sit tight while Solar Victoria reviews your application.

Step 3: Get Your Loan Approval & QR Code

Once approved, you’ll receive a unique QR code via email—this is your golden ticket! Your installer must scan it before installation to secure your loan.

Step 4: Install Your Battery (On Time!)

Your installation must be completed within 120 days of loan approval. Miss the deadline? You’ll have to reapply—so don’t delay!

Step 5: Start Repaying (Interest-Free!)

The loan amount is up to $8,800, with repayments starting 30 days post-installation. You’ll pay it back in equal monthly instalments over 4 years, making it easier to budget. If you get the full $8,800, the payments are roughly $183.33 per month.

Will This Loan Program End?

Like all incentives, this won’t last forever. Solar Victoria had battery rebates in the past and they replaced it with this interest-free loan, so there’s no guarantee the interest-free loan will stick around indefinitely. The sooner you apply, the more you save!

Thinking of Adding a Battery? Act Now!

✔ Check your eligibility
✔ Find an approved retailer
✔ Apply before funding runs out!

Ready to make the most of your solar energy? 🔋 Get started today with an authorised battery retailer! (link coming soon)