The Victorian Energy Upgrades (VEU) Program is a key initiative designed to help homeowners reduce their energy consumption and save on electricity bills. By offering rebates on energy-efficient products and installations, the program helps make upgrading your home’s energy efficiency more affordable.

1. What is the VEU Program?

The VEU program offers financial incentives for Victorian residents who choose to upgrade their homes with energy-efficient products. The aim is to reduce greenhouse gas emissions by encouraging the adoption of efficient technologies.

2. What Upgrades Are Eligible?

Some of the most common upgrades eligible for rebates under the VEU program include:

• LED lighting: Upgrading from incandescent to energy-efficient LED bulbs.
• Heat pump hot water systems: Replacing traditional electric or gas hot water systems.
• Reverse-cycle air conditioners: Efficient heating and cooling systems.
• Insulation: Draught proofing and upgrading insulation to reduce energy waste.
• Solar PV and battery storage: Installing solar panels and battery systems to power your home sustainably.

3. How Does the VEU Program Work?

When you upgrade your home’s energy systems through the VEU program, an accredited provider generates Victorian Energy Efficiency Certificates (VEECs), representing the energy savings achieved by your upgrade. These certificates can be sold to energy retailers, who must meet energy-saving targets, thereby reducing the cost of your upgrade.

4. Applying for the VEU Program

To take advantage of the VEU program, you must work with an accredited installer who will handle the application and provide the rebate directly. The process typically involves getting a quote, having the installation completed, and receiving your rebate either upfront or after the installation is complete.

Conclusion: The VEU program is an excellent opportunity for homeowners to make energy-efficient upgrades without breaking the bank. Whether it’s a new heat pump or better insulation, these upgrades can reduce your bills and your carbon footprint.