We’re serious about our commitment to tackle climate change, and Council is now seeking feedback on a new concept they are considering for the 24-25 rate year: the solar discount differential rate.
What do you think of the proposed rate discounts for new Solar installations?
Council is considering introducing a 20 per cent rate discount to households that install, replace or upgrade solar systems over 5kw after 1 July 2024. The discount would be applied for a minimum of one year, and up to five years, following annual review by Council.
The cost of this initiative will be covered by a differential rate, meaning the 20 per cent discount would be recovered by distributing the difference to households who do not opt-in or are ineligible to receive the discount.
Households with a capital improved value under $2 million are eligible (only one differential rate per property).
This concept is being considered to encourage solar uptake on the Peninsula. A solar system reduces a household’s energy bills and has huge benefits for the environment. With Federal and State Rebates only covering some of the installation costs, we believe our discounted rate incentive will benefit those who are looking to install solar next financial year.
With this concept being tested as a differential rate, there is no financial gain to the Shire. Our calculations predict very low increase in rates for those not opting in. For example, if 1000 properties successfully apply for the discount, the average increase in rates for remaining properties would be around $3.
We’re serious about our commitment to tackle climate change, and Council is now seeking feedback on a new concept they are considering for the 24-25 rate year: the solar discount differential rate.
What do you think of the proposed rate discounts for new Solar installations?
Council is considering introducing a 20 per cent rate discount to households that install, replace or upgrade solar systems over 5kw after 1 July 2024. The discount would be applied for a minimum of one year, and up to five years, following annual review by Council.
The cost of this initiative will be covered by a differential rate, meaning the 20 per cent discount would be recovered by distributing the difference to households who do not opt-in or are ineligible to receive the discount.
Households with a capital improved value under $2 million are eligible (only one differential rate per property).
This concept is being considered to encourage solar uptake on the Peninsula. A solar system reduces a household’s energy bills and has huge benefits for the environment. With Federal and State Rebates only covering some of the installation costs, we believe our discounted rate incentive will benefit those who are looking to install solar next financial year.
With this concept being tested as a differential rate, there is no financial gain to the Shire. Our calculations predict very low increase in rates for those not opting in. For example, if 1000 properties successfully apply for the discount, the average increase in rates for remaining properties would be around $3.
In writing Solar differential rate incentive Mornington Peninsula Shire Private Bag 1000, Rosebud, Victoria, 3939
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