Victorian air conditioning discount steers state towards cleaner and greener future

by Helena Morgan
0 comment

Falling under the wider Victorian Energy Upgrades (VEU) program, the 2024 air conditioning discount program incentivises residents and businesses to replace old and inefficient air conditioning systems with new and energy-efficient models.

Following a precedent recently set by New South Wales to offer a rebate for replacing old air conditioning models, the Victorian program will assist households and commercial dwellings in purchasing split-system air conditioners and other energy-efficient heating and cooling technologies.

Victorian homeowners, tenants and business operators qualify for the discount if they replace old air conditioning systems with modern and efficient models. The state government is hoping the initiative will contribute to a reduction in energy consumption and greenhouse gas emissions and subsequently pave the way for a more sustainable future.

A convenient application and operation process 

Homeowners, tenants and business operators wanting to participate in the discount program are also required to live or work in a Victorian property that is at least two years old, have not claimed a VEU air conditioning upgrade in the last two years and list their existing inefficient air conditioning system on the VEU program registry.

The program recommends participants opt for brands such as Daikin, Mitsubishi Electric and Fujitsu due to their high-quality and energy-efficient models.

Participants must enlist the services of an accredited provider authorised to carry out installations under the VEU who will evaluate the applicant’s needs, suggest eligible products and oversee the administrative aspects of the application. Providers will also conduct ongoing maintenance check-ins to ensure system resilience and durability. 

To gain the most out of the program, homeowners, tenants and business owners are advised to invest in smart thermostats that deliver precise temperature control, alongside prioritising insulation and keeping thermostats at an energy-efficient temperature.  

Economically rewarding for an array of demographics 

Barriers to participation are eliminated by making upgrades more accessible and affordable through financing plans that distribute the cost of upgrades over time. Discounts are not full subsidies, however, they substantially decrease the costs associated with purchasing and installing units.

While the discounts will vary depending on the make and model of the new system, participating households that opt for the upgrade can expect to save between $120 and $1100 on annual energy costs. The economic rewards are plentiful, as such savings offset the initial investment over time. 

Additionally, the program offers participants the opportunity to relish lower energy bills, enriched property values, slashed carbon footprints, improved indoor air quality and subsequently more comfortable and calmer living and working environments.

Eligible groups are encouraged to book an appointment online.

Finish launches free recycling program in a bid to slash plastic waste build-up

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More