When you request a free Powerpal's installation under the VEU program an accredited provider (or their representative) under the program will arrange to install your Powerpal for you, completely free of charge!
So who pays for the service?
When Powerpal is installed at your home under the program this allows the accredited provider supplying your Powerpal to generate Victorian Energy Efficiency Certificates. Each certificate represents one tonne of greenhouse gas that has been prevented from entering our atmosphere.
Powerpal could help you to reduce your power bills by between 5% and 15%, which equates to between two and three tonnes of greenhouse gas emissions saved. Accredited providers then sell the certificates created to energy retailers, and this pays for the cost of your Powerpal and the installation visit.
The Victorian Government sets annual greenhouse gas reduction targets that require energy retailers to buy a certain number of certificates. In 2020 they’re asking our energy retailers to help reduce Victoria’s greenhouse gas emissions by 6.5 million tonnes through energy efficiency. That’s equivalent to taking 1.5 million cars off the road!
However, all you need to remember is that Victorian Energy Upgrades is making it easier and cheaper for you to make energy-efficient upgrades for your home.