
Understanding the Victorian Energy Upgrades Program
The Victorian Energy Upgrades Program is a Victorian Energy Saver Incentive Scheme that has been helping households make energy efficiency upgrades since 2009. You can save anywhere from $120 to $1100 through this program.
Every household can voluntarily participate in the Victorian Energy Upgrades and reap the benefits through incentives for upgrading to energy-efficient products and services. This program, also known as Victorian Government Energy Upgrades, allows you to upgrade your appliances, lights, etc., to reduce energy consumption, greenhouse emissions, and electricity bills.
A single certificate represents one tonne of greenhouse gas prevented from being released into the atmosphere. These certificates are then sold by the VEU-accredited providers to energy retailers, who use them to meet their yearly emissions goals set by the Victorian Government.
The level of savings or discounts that you can take advantage of fluctuates depending on market activity and certificate value. The Victorian Energy Upgrades Program installs energy-efficient products to reduce the demand for energy and keep new energy infrastructure from needing to be built. This helps lower the energy cost for all households, with those who participate in the program seeing more significant savings than others. One of the key benefits of the Victoria Energy Saving Scheme is its eligibility criteria. You can participate in the program if you have an electric hot water system installed on your commercial property. It’s that simple for the commercial industry, making it easy for businesses to take advantage of the incentives offered by the scheme.
Participating in the Victoria Energy Saving Scheme allows you to upgrade to an approved energy-efficient system that offers up to 80% lower running costs than traditional electric hot water systems. This significant reduction in energy consumption helps you save money on your utility bills and contributes to a more sustainable future by reducing your carbon footprint.
In addition to the financial benefits, participating in the Victoria Energy Saving Scheme also addresses and solves various challenges:

- High Energy Costs: By participating in the scheme and upgrading to energy-efficient solutions, businesses and households can dramatically reduce their energy consumption and save money on utility bills.
- Environmental Impact: By offering incentives for energy-efficient upgrades, the scheme helps participants reduce their carbon footprint and play a role in mitigating climate change.
- Outdated Technology: Older appliances, lighting systems, and heating solutions often consume more energy and perform poorly compared to their modern, energy-efficient counterparts. The scheme helps participants overcome this problem by providing access to cutting-edge, energy-efficient technologies with improved performance and reliability.
- Upfront Costs: By making these upgrades more affordable, the scheme ensures that more Victorians can enjoy the long-term benefits of energy efficiency.
By addressing these common energy efficiency challenges, the Victorian Energy Saver Incentive Scheme is helping businesses and households across the state save money, reduce their environmental impact and embrace a more sustainable future. With the support of accredited providers like MYOM Australia, participants can easily navigate the scheme and unlock the full potential of energy-efficient solutions.