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How Victorians Are Cashing in VEECs When Replacing Their Air Conditioners

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What the veec? how air con is more affordable than ever

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  • Energy Victoria announced a scheme for heating and cooling households.

  • The scheme revolves around issuing VEECs – Victorian Energy Efficiency Certificates.

  • Aimed at reducing power bills and reducing stress on the grid, the initiative targets not just homeowners but also landlords, encouraging broader solar adoption across the state.

  • The price of VEECs fluctuates and is currently selling for a high rate, perfect for those looking to buy now!

Hey there, Victorians! Ready to discover how to save big bucks while staying cool? Let’s dive into the world of Victorian Energy Efficiency Certificates (VEECs) and see how they’re helping you pocket some serious savings when installing air conditioners. Trust me, this is a game-changer you don’t want to miss out on.

What are VEECs?

First things first, let’s get the basics straight. VEECs, or Victorian Energy Efficiency Certificates, are part of the Victorian Energy Upgrades program designed to reduce greenhouse gas emissions and encourage energy efficiency. When you install energy-efficient appliances, like air conditioners, you earn VEECs, which can be traded for cash. Think of them as a reward for making eco-friendly choices that benefit both your wallet and the planet. If you want a more in-depth look, we’ve written a previous article here about VEECs.

How Much Can You Save?

Here’s the exciting part. VEECs are currently trading at over $100 each, and the amount you can earn varies depending on the unit you’re replacing. Here’s a quick breakdown:

  • Single Split Reverse Cycle Systems: Replacing a wall-mounted gas unit can get you up to $2,000 off.

  • Multi Split Systems: If you’re swapping out an old gas ducted heating system, you could save up to $3,600.

  • Ducted Reverse Cycle Systems: Upgrading from an old gas ducted system? You might see savings as high as $5,600.

These figures aren’t just numbers; they’re real savings that can make a significant dent in your installation costs. And with VEEC prices on the rise, now is the perfect time to take advantage of these incentives.

Why Choose Lightning Energy for Your Installation?

Now, you might be wondering “Why should I go with Lightning Energy for my air conditioner installation?”, here’s the deal: Not many AC installers are registered to trade VEECs as this is a newly introduced scheme. That means they can’t offer you the same level of savings that we can.

But here at Lightning Energy, we’re already registered and cleared to trade VEECs thanks to our work in the solar sector. This registration allows us to pass those savings directly onto you, much like we do with Small-scale Technology Certificates (STCs) for solar panels. So, when you choose us, you’re not just getting an air conditioner—you’re getting it at a fraction of the cost!

split system air conditioner installation
There's installers aplenty, but not all are able to get you big savings!

Real-Life Impact

Let’s put this into perspective with some real-life scenarios. Imagine you’ve been struggling with an old, inefficient gas ducted heating system. Not only is it expensive to run, but it’s also not doing a great job of keeping your home comfortable. Upgrading to a ducted reverse cycle system through Lightning Energy could save you up to $5,600 off the installation cost, thanks to VEECs!

Or, perhaps you have a wall-mounted gas unit that’s seen better days. A single split reverse cycle system can make a world of difference in your home’s comfort levels and energy efficiency. And with up to $2,000 off, the upgrade becomes much more affordable.

Beyond the immediate financial benefits, participating in the VEEC program contributes to a larger goal of reducing greenhouse gas emissions and promoting sustainability. By choosing energy-efficient appliances, you’re playing a part in creating a greener future for Victoria. It’s a win-win situation—saving money and saving the planet.

Ready to Make the Switch?

So, are you ready to cash in on the savings and upgrade your air conditioning system? Don’t let old, inefficient systems drain your wallet and your comfort. With VEECs, you have the power to make a smart, eco-friendly choice that benefits both your bank account and the environment.

At Lightning Energy, we’re all about empowering you to take control of your energy future. Our mission is to lead from the front, providing transparent, real-world solutions that make a difference. By choosing us for your air conditioning needs, you’re not just getting a service—you’re joining a movement toward energy independence and sustainability.

Ready to make the switch? Contact us today and let’s get started on your journey to a cooler, more efficient home. Own your power, save big, and join the energy revolution with Lightning Energy!

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Written By:

Luke Cove
Managing Director
Lightning Energy

luke cove - Founder of lightning solar

1 thought on “How Victorians Are Cashing in VEECs When Replacing Their Air Conditioners”

  1. I have an energy efficient instantaneous gas hot water system in three bathrooms and a less efficient hydronic heating system covering the whole house powered by a gas boiler. What would be the cost of replacing each of these systems with reverse cycle electric air conditioners?

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