Overview of the Victorian Energy Upgrades (VEU) Program

The Victorian Energy Upgrades (VEU) program is a government initiative aimed at helping Victorians reduce their energy bills and lower greenhouse gas emissions by offering incentives for upgrading inefficient appliances.

Through the program, households can receive incentives to switch to energy-efficient reverse cycle air conditioners, which provide both heating and cooling. Only products that meet the specific requirements of the VEU program are eligible for installation.

To receive a discount on the installation of a heating and cooling system, an approved product must be installed, and the sale and installation must be carried out by an accredited provider. All Victorian households are eligible to participate and benefit from incentives for energy-efficient products and services.

The rebate amount varies based on the HVAC equipment being replaced and the energy-efficient air conditioner being installed, with potential savings of up to $5,000. Private rental properties can also benefit from the VEU program, but collaboration between landlords and tenants is recommended for any upgrades.

Households can save between $120 and $1,100 per year on energy costs, depending on the upgraded equipment. The government is offering substantial rebates to encourage homeowners to replace old, inefficient heating and cooling systems.