VIC
This Victorian Government program helps businesses and households cut power bills and reduce greenhouse gas emissions. It does this by providing access to discounted energy-efficient products and services.
Victorian Energy Efficiency Target Act 2007 (the Act) and commenced on 1 January 2009. The scheme is administered in accordance with the Act, the Victorian Energy Efficiency Target Regulations 2008 and the Victorian Energy Efficiency Target (Project-Based Activities) Regulations 2017.
VICTORIAN ENERGY UPGRADE
The VEU(Victorian Energy Upgrade) scheme is designed to make energy efficiency improvements more affordable, contribute to the reduction of greenhouse gases, and encourage investment, employment and innovation in industries that supply energy efficiency goods and services.
What Is VEU (VEET) Scheme?
The Victorian Energy Upgrades (VEU) program is helping Victorians cut power bills and reduce greenhouse gas emissions by giving households and businesses access to discounted energy-efficient products and services.
The program works by setting a state-wide target for energy savings that result in a range of energy-efficient products and services being made available to homes and businesses at a discount.
Accredited providers that deliver these financial incentives can generate Victorian Energy Efficiency Certificates (VEECs). The number of certificates generated is based on the greenhouse gas savings that are associated with the product or service. The level of incentive or discount received by households and businesses varies depending on the market activity and certificate price.
Products must be professionally installed by an approved provider. Incentives for the purchase of some appliances may be available at point of sale at participating retailers. Consumers should check with an accredited provider prior to purchase.
The Victorian Energy Upgrades program is a market-based program. Since it is a free market, the value of certificates can fluctuate due to consumer supply and demand rates, just like any other type of market. Consequently, the availability of products and services can also vary over time.
The Victorian Energy Upgrades program (previously the ‘VEET scheme’) is established under the Victorian Energy Efficiency Target Act 2007, the Victorian Energy Efficiency Target Regulations 2008 and the Victorian Energy Efficiency Target (Project-Based Activities) Regulations 2017.
This legislative framework places a legal requirement on energy retailer companies to meet an annual greenhouse gas emission reduction target by surrendering Victorian Energy Efficiency Certificates.
The program is administered by the Essential Services Commission (ESC), which is the independent regulator of the retail energy industry in Victoria.
Its role is to oversee compliance and performance reporting by energy businesses and to accredit businesses and the products and services which are eligible under the program. More information about the administration of the program can be found on the ESC website.
Benefits
- Did you know that you could save up to 85% on your lighting costs (up to per globe per year) by installing more efficient lighting technology?
- Recent developments in lighting technology, including LEDs and CFLs, mean that the lighting in your home can be powered more efficiently.
- Not only will the latest energy-efficient lighting reduce your energy bill but it will also reduce your maintenance costs because new lighting technology lasts longer.
- The NSW Government is committed to helping households and businesses reduce their bills by offering financial incentives for replacing your old lighting equipment.
- By participating, you can save money on the upgrade costs, reduce your energy bill and help the environment.
How To Works?
The Victorian Energy Upgrade Program Provides financial incentives to install energy efficient equipment and appliances in VIC businesses and households.
An Victorian Energy Efficiency Certificates (VEEC's) is created by an Accredited Partner for each national megawatt hour of energy saved by the project.
The Mandatory Scheme Participants i.e. Electricity Retailers obtain and surrender these certificates to meet their own legislated targets, as enforced by VIC Government.
There is no catch, just avail the Government Incentive and enjoy reductions in your electricity bills!
What Is Free Hot Water System Upgrade
The Australian Government’s energy efficient/renewable energy schemes, enable us to replace your existing electric hot water system with a NEW energy-efficient ‘hot water system’ for FREE. Our energy-efficient hot water systems are installed by fully licensed Plumbers and Electricians and are also heavily subsidised.
Our Hot Water units use advance, smart, renewable energy technology to extract energy from the surrounding air and utilize thermal energy to generate hot water.
Save annually on your power bill and upgrade your current system on Free Hot water system upgrade.
Install Hot Water System in NSW or VIC for Commercial properties & business under Energy Saving Scheme and Victoria Energy Upgrade Program.
We can help you upgrade your hot water system for a more energy efficient model. Switching to a more energy efficient hot water system will help you reduce the amount of energy and water you use. This means you can expect to see long-term cost savings on your bills.
Using a more energy efficient hot water system will also help you lower your environmental impact.
Benefits
- Since a decade, Victoria Energy Upgrade Program had provided energy-efficient incentives to more than a million businesses.
- If you have an electric hot water system installed, then you are eligible. It’s that simple for the commercial industry only.
- You too can benefit from this incentive and upgrade to an approved energy-efficient system with 80% lower running costs
- The Free hot water systems come in a range of sizes, are engineered for Australian conditions, and are installed by qualified tradespeople.