Victorian Energy Upgrades (VEU) Program
The VEU program offers discounts of roughly $560–$630 on approved residential replacements. There is a minimum customer contribution of $200, and every system comes with a five-year warranty for peace of mind.
VIC Hot Water Upgrades: Take advantage of energy-efficient solutions supported by government rebates to save on your energy bills while contributing to a greener future.

Both Victorian homes and businesses can significantly lower their energy costs and contribute to a greener environment by replacing outdated hot water systems with new, air-sourced heat pump technology.
Upgrade to an energy-efficient hot water system for your home at a reduced cost through the Victorian Energy Upgrades (VEU) program! Government rebates, along with the Solar Victoria grant, make this transition even more affordable, allowing you to save significantly on your energy bills.
Victoria offers two key rebate programs to make the switch to a high-efficiency heat pump more affordable:
Provides discounts for eligible homes and businesses when replacing inefficient water heaters with approved heat-pump or solar-boosted systems.
Offers additional support for owner-occupiers installing high-efficiency units, helping reduce upfront costs and encourage sustainable upgrades.
VEU & Solar Victoria rebates
Heating water is costly, but PowerSmart makes the solution affordable. We manage your eligibility for both the VEU and Solar Victoria rebates, providing significant upfront discounts on energy-efficient heat pumps. This investment can reduce your hot-water energy use by up to 70% and save you around $330 a year.
The VEU program offers discounts of roughly $560–$630 on approved residential replacements. There is a minimum customer contribution of $200, and every system comes with a five-year warranty for peace of mind.
Eligible owner-occupiers may receive up to $1,000 towards an approved heat-pump hot-water system. To qualify, you must:

PowerSmart Co makes the upgrade easy—we handle eligibility checks, paperwork and installation so you enjoy the savings sooner.
Simple, guided steps from first contact to hot water — with clear advice and reliable installation.
Check if your property qualifies for VEU or Solar Victoria rebates. Our team will guide you through the process.
Get an expert-recommended heat pump. We secure your rebate, giving you an immediate discount on your invoice.
Pick a convenient time. We handle delivery, installation and cleanup.
System commissioned and ready to go — efficient, quiet hot water from day one.



Fill out the form below, and we'll reach out to confirm your eligibility and schedule your installation.
Straightforward upgrades, quality products, expert installation.
We install and our AP partner handles the ESS certificates, so you don’t have to juggle paperwork.
Multiple heat pump options with robust manufacturer warranties for tank & compressor.
Heat pumps typically use ~60–70% less electricity than old electric storage units.
Fully qualified plumbers/electricians, compliant with NSW codes and manufacturer specs.
We assess, recommend, install, and support. You nominate us and we do the rest.
No confusing rebates here. Contact us and we’ll give you the best price for your home.
We install and our AP partner handles the ESS certificates, so you don’t have to juggle paperwork.
Multiple heat pump options with robust manufacturer warranties for tank & compressor.