Victorian Government LED Incentives
VEU (formally know as VEET) stands for Victorian Energy Upgrades. This fantastic Victorian Government Energy Saver initiative is designed to make energy efficiency improvements more affordable for businesses, contribute to the reduction of greenhouse gases, and encourage investment, employment and innovation in industries that supply energy efficiency goods and services.
What is VEEC?
A VEEC is a Victorian Energy Efficiency Certificate. The Victorian Government target for 2016 is to distribute 5.4 million VEECs under the VEET scheme. Each certificate represents a saving of one tonne of greenhouse gas emissions. Annual targets have been set for the program up to 2020. Changes from October could reduce the number of VEEC’s available and the different types of LED lights eligible for VEEC’s.
How are VEECs created?
VEECs are created at their current trading price when a specified and approved energy-saving activity – Prescribed Activity, such as installing LED lights for commercial enterprises (a Prescribed Activity), has been completed. VEECs are offered to the customer in the form of a rebate at the time of purchase.
How Cherry Energy Solutions can help you make the most of VEECs
You may also be eligible for free LED lights! VEECs are now (as of July 2021) at an all-time high. Old, inefficient lights, including LED’s, could be upgraded to new, quality LED’s with a 5-year warranty – for free.
You may also get an upfront discount from VEECs for solar PV systems over 200kW. On top of other incentives such as the LGCs and Federal Government Stimulus Package, you’ll see an increase of your return of investment!
Cherry Energy Solutions use an Accredited Person for claiming VEECs rebates and a wide range of our state of the art, portfolio of products are VEECs approved. We can offer the VEECs rebate to customers at the time of quoting, resulting in an immediate and generous upfront discount so you don’t have to wait for your rebate to be processed!
We will explain everything you need to know, provide a free assessment, install your lighting upgrade using A grade electrical teams and take care of the paperwork and recycling at no extra cost to you.
You can sit back and relax, knowing that you are receiving the best price and highest level of service for your lighting upgrade.
VEECs must be created no later than 6 months after the end of the year in which the Prescribed Activity was undertaken.
Speak to an Incentives Expert
Cherry are experts in incentives and can help you get the most out of the current government subsidies to reduce your energy costs. All information is tailored to your business needs and what you want to achieve.