What you need to know
The Victorian Energy Efficiency Target (VEET) scheme is not a rebate scheme, but it can save you or your organisation money. It works by allowing certain businesses, known as Accredited Persons, to create certificates when they help you make selected energy efficiency improvements to your premises, or those of your business/organisation. Each certificate - known as a Victorian energy efficiency certificate, or VEEC - represents one tonne of greenhouse gas abated. The money the accredited business makes from selling its certificates can go towards a discount on the product or appliance installed. This discount is known as an Energy Saver Incentive.
When seeking your Energy Saver Incentive, either as a residential or business energy consumer, there are a few important points to remember:
- Only accredited businesses/entities can create VEECs, and only when they provide you with an approved product or appliance.
- At present, VEECs can not be created for the installation of ceiling insulation, although under floor insulation is still eligible for the creation of certificates.
- The value of VEECs, and how much of that value the accredited business decides to pass on to you or your business/organisation, can vary. As with any purchase, you should shop around.
- In most cases, a new energy efficient appliance or product must be actually installed by the accredited business to be eligible for VEECs, even if the improvement is just the replacement of light globes or a shower rose.
- Sometimes an energy consumer can receive an Energy Saver Incentive simply by purchasing an appliance, but in most cases a VEET activity will involve replacing an older product or appliance. When this happens, the accredited business will need to decommission (meaning render permanently unusable) the old appliance before they can create VEECs.
Which activities are covered?
There are now 17 categories of energy saving activities covered by the VEET scheme, including 6 specifically tailored to the business sector. These activities are listed below. For more details about which products feature on the public registers, visit the Product Register page using the menu on the left. If you're interested in a product that is listed on the register, you will need to contact an accredited business directly to see what products they offer for installation.
- Water heating
- Space heating and cooling*
- Space conditioning*
- Incandescent lighting replacement
- Shower roses
- Clothes dryers
- Pool pumps
- Standby power controllers
- In-home displays
- Refrigerated Display Cabinets**
- Refrigeration fans**
- Lighting upgrades**
- Efficient low flow trigger nozzles**
- Water efficient prerinse spray nozzles**
* A number of activities in this category are only available to residential premises. For more details on which activities can be conducted in residential and business premises, click here.
** These activities are only available to the business and non-residential sector.
Remember, only products which are listed on the VEET product register can be used, regardless of which energy saving activity you are looking to undertake.
Please see below a Fact Sheet which addresses some of the key issues and questions facing consumers in respect of installation of standby power controllers under the scheme.
Sourcing your Energy Saver Incentive
The Victorian Government runs a separate Energy Saver Incentive website dedicated to helping energy consumers get the most out of the VEET scheme. You can access it here. Once you've visited the ESI website and feel confident that you understand how the process works, return to this website and use the ESC registers to link up with an accredited business that can offer you an Energy Saver Incentive.