Victorians can now fully electrify their homes through the Victorian Energy Upgrades (VEU) program, which helps families reduce their energy bills.
Victorian Minister for Energy and Resources, Lily D’Ambrosio, announced that eligible households who replace their gas cooktops could receive up to $140 off the new induction cooktop or freestanding induction stove.
Ms D’Ambrosio said, “We’re making it more affordable for Victorians to switch to energy-efficient electric appliances – helping them slash the installation costs of these new energy-efficient products but also save money on their power bills every year after.
“We have helped millions of households and businesses slash their power bills through our nation-leading Victorian Energy Upgrades program, subsidising energy-efficient products and creating jobs as we reach net zero by 2045.”
The discounts for cooktops will be available through VEU-accredited providers, either at the point of sale at participating retailers or through cashback later.
The VEU program offers discounts on a wide range of energy-efficient products. It helps Victorians upgrade their homes and businesses with modern electric appliances that use less energy, making them cheaper to run.
Households replacing a gas-ducted heating system with an electric one can receive a discount of up to $3,600 on the system and save around $600 yearly on their energy bills. When compared with a gas unit, an electric heat pump hot water system can save households $250 annually.
Converting an existing home from gas to all-electric will save the average family $1,700 per year, and if they add rooftop solar, they could save $2,700 per year.
Since the program went all-electric for households in 2023, the VEU has delivered rebates for 19,000 reverse-cycle air conditioners and 39,000 hot water systems, saving 28 million tonnes of emissions by 2025. The VEU is lowering energy demand and wholesale electricity costs for all Victorians by supporting energy efficiency.
The Victorian Government believes new homes should be built for the future. Those requiring a planning permit must make their homes all-electric and energy-efficient, making them cheaper. Currently, there are no restrictions on household gas for existing homes.
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