Victoria Government Rebates For Heat Pump HWS Upgrade
1 min readApr 15, 2024
Victoria Government rebates for replacing conventional water heaters with heat pumps
Under the Victorian Energy Upgrades (VEU) for businesses, the government is offering rebates for replacing an existing electric hot water system with a brand-new heat pump hot water system (HWS). The incentive amount varies, corresponding to the values of variables like:
- Heat pump kW rating
- Installation and administrative costs
- Coefficient of Performance (CoP)/efficiency of the installed heat pump unit
- VEU certificate price
- Potential reduction in water heating energy usage
Who are eligible?
Victorian households and businesses who have conventional electric resistance water heaters are eligible for rebates on water heater replacement or upgrade.
Is the replacement free?
Water heater replacement and heat pump installation if free. However, a business / homeowner may be charged (or not if the product is completely covered by government rebates) on the product price.
What rebates a household can expect?
The incentives vary depending upon the energy certificate price (VEEC price) and the time of installation.
