Victorian households now have greater access to cost-saving electrification options through the Victorian Energy Upgrades (VEU) program, helping them cut down on energy expenses.
Minister for Energy and Resources Lily D’Ambrosio announced that eligible households could receive a discount of up to $140 when they switch from a gas cooktop to a new induction cooktop or freestanding induction stove.
“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,” D’Ambrosio said.
“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 rebate can be accessed at the point of sale through participating retailers or later as a cashback, making energy-efficient upgrades more affordable for Victorian families.
In addition to cooktops, the VEU program provides rebates on various energy-efficient products, allowing homeowners to reduce energy consumption and enjoy cheaper operational costs.
For example, households replacing a gas ducted heating system with an electric alternative can receive up to $3,600 off installation, resulting in estimated annual savings of $600 on energy bills.
Upgrading to an electric heat pump hot water system from a gas unit could save another $250 annually. For families who fully transition from gas to all-electric solutions, annual savings can reach $1700, increasing to $2700 when paired with rooftop solar.
Since shifting to all-electric household rebates in 2023, the VEU program has already delivered substantial impact: 19,000 reverse-cycle air conditioners and 39,000 hot water systems have been installed, with projections to save 28 million tonnes of emissions by 2025.
Beyond individual household savings, the program also helps lower wholesale electricity costs across Victoria by reducing energy demand.
Currently no restrictions apply to existing households using gas.
For more renewable and solar news, subscribe to ecogeneration.