Home Incentives Victorian Energy Upgrades (VEU)

Incentives

Victorian Energy Upgrades (VEU)

Victorian Energy Upgrades (VEU) is a Victorian Government initiative with the purpose of reducing greenhouse gas emissions and encouraging the efficient use of electricity by energy consumers. We are an Accredited Person (AP) under the program.

What subsidies can we offer?

  • LED lighting upgrades
  • Solar for systems larger than 99 kilowatts
  • Sports lighting upgrades if a significant reduction in energy is achieved

How does it work?

Participants that are accredited under the program, otherwise known as ‘Accredited Persons’ can offer discounts on selected energy saving products that have also been accredited under the program. Victorian Energy Efficiency Certificates (VEECs) are generated through the reduction in energy use, and liable parties such as electricity retailers buy the VEECs. One VEEC is equivalent to one carbon tonne of carbon abated.

What does this mean for you?

Customers can receive a subsidy worth up to 100% off the total cost of product and installation, depending on the going VEEC rate and the type of initiative/s undertaken.

See how we can get your incentives started.

VEU Subsidy

Example case

A busy hospital is upgrading their old technology fluorescent tubes to high efficient LED panels.

Total value of upgrade: $500,000

VEU subsidy: $400,000

Paid price: $100,000

As an Accredited Person, we handle all the paperwork and any additional services required under the scheme such as recycling, at absolutely no extra cost.
There is no better time to upgrade your business to LED than now.

More Incentives

ACTNSWNTQLDSATASVIC

Large-Scale Renewable Energy Target

For large businesses throughout Australia
• Solar above 99kW

ACTNSWNTQLDSATASVIC

Small-Scale Renewable Energy Scheme (SRES)

For all businesses and households throughout Australia
• Solar up to 100kW

ACTNTQLDSATAS

Emissions Reduction Fund

For businesses outside of Victoria and NSW
• LED lighting upgrades