Will VEEC prices go up or down?
Will VEEC prices go up or down?
For Victorians considering an energy-efficient air conditioning upgrade, it's worth being aware of upcoming adjustments to the Victorian Energy Upgrades (VEU) program will influence the price of Victorian Energy Efficiency Certificates (VEECs) then therefore the overall rebate available, making timing of an upgrade an important consideration.
Key VEU Program Update: Projected Certificate Price Changes
The Victorian Government has committed to the Victorian Energy Upgrade (VEU) Program until 2045. However the government's modelling indicates that VEEC prices are projected to decrease in 2026 and 2027 compared to recent levels.
What This Could Mean for Your Upgrade Timeline
Given this outlook, individuals and businesses planning an air conditioning upgrade will find it beneficial to consider acting sooner, before projected changes take full effect, which will reduce the value of the Certificates and therefor the upfront discount / rebate.
Navigating Your Options
EZYAIR and the VEU program is a valuable initiative helping Victorians move towards more energy-efficient homes and businesses, particularly with the program's increasing focus on electrification, which includes modern reverse-cycle air conditioners.
If an air conditioning upgrade is on your agenda, this period could be an opportune time to Understand potential shifts can help you make a well-timed decision for your energy efficiency upgrades.
At EZYAIR, we are accredited VEU program participants and can help you understand the current incentives available for high-efficiency air conditioning systems and what changes are on the horizon which will affect the price of the VEECs and how it will effect the price of your rebate.
