How VEET Scheme for Victorian Households Works? What’s in it for you?

1
How VEET Scheme for Victorian Households Works?
Whats in it for you?
2
Victorian Energy Efficiency Target (VEET) scheme
commenced in January 2009 aims to make the shift
from old lights to the new, energy-saving LEDs
which are affordable and feasible for the
Victorian households and businesses. With VEET
Scheme for Victorian Households, the federal
government wants to achieve nations goal of
reducing greenhouse gas emissions. This
initiative comes under the Victorian Energy
Efficiency Target Act 2007 and is administered by
the Essential Services Commission (ESC)which
regulates all the activities carried out under
the program. This scheme will operate until
January 2030 and the authorities aim to achieve
the target well within stipulated time.
3
How VEET Scheme Works?

• To make energy upgrades more viable and
  affordable for everyone in the state, the VEET
  scheme is channeled to the end users through the
  Accredited Persons (APs) who are appointed and
  authorized by the governing body to issue
  Victorian Energy Efficiency Certificates (VEECs).
  The certificates determine the amount of subsidy
  or rebate applicable to an energy upgrade.
• How many VEECs need to be created for an energy
  upgrade are determined by the AP on basis of
  greenhouse gas abatement through installation of
  energy efficient products.One certificate,
  generally, is equal to one tonne of CO2 abated
  through installation of LED products. More the
  VEECs, higher the amount of CO2 abated, hence
  more subsidy for a consumer.
• These certificates are created strictly in
  accordance with the VEET Act and specified
  guidelines. Marketing practices and installation
  activities carried out by the APs and their
  representatives have to abide by the guidelines
  of the ESC for a smooth functioning of the
  scheme.
• Only A-grade electricians can swap old lights
  with new energy-efficient lights. This is
  initiated with booking a free appointment and
  assessment of the property. All the products
  installed, whether its a residential or
  commercial property, are approved under the VEET
  scheme.The installer cannot install a product and
  brand not approved under the scheme.

4
Whats in it for me?

• Well, the energy-efficient LED lights replacement
  under the VEET scheme offers 80 energy saving as
  compared to old lights.LED lights are highly
  energy efficient because LEDs dont heat up and
  85 or more electric energy is converted into
  light. The movement of electrons in a
  semiconductor material for illumination is the
  reason for low energy consumption.
• New generation LEDs are more safe, efficient and
  durable than halogen or incandescent lights.
  These lights can last for a decade. Moreover,
  LEDs are designed in such a way that they are
  100 recyclable.
• Like discussed before, the sole purpose of the
  government initiative is to make energy upgrades
  affordable so that you end up giving away less
  money to your energy retailer as utility bill.
  And whats more, you will save hundreds or even
  thousands of dollars on maintenance cost fixing
  blown bulbs.
• SOURCE
• https//www.timetosave.com.au/how-veet-scheme-for
  -victorian-households-works-whats-in-it-for-you/