The free Solar VEEC Calculator for Victorian C&I projects.
Estimate the Victorian Energy Efficiency Certificates (VEECs) — and the rebate revenue — an eligible
30–200 kW commercial solar system earns under the Victorian Energy Upgrades program. Built for installers,
asset owners and project managers sizing up a Victorian solar deal.
30–200 kW eligible ESC deeming formula Live, editable VEEC price Metro & regional VIC
Your solar system
01
System size (kW DC)99 kW
10 kW100 kW200 kW
VEU solar PV eligibility is 30 kW – 200 kW. Drag, or type an exact size below.
$
Default ≈ $83. VEEC prices move daily — enter today's rate for a sharper estimate.
How the estimate is calculated
We use the Essential Services Commission's deeming method for the VEU "Installation of a solar PV system"
activity: VEECs = system size (kW) × input factor × 10-year lifetime × regional factor.
The input factor is 0.133 up to 100 kW and 0.25 above 100 kW; the regional factor is 0.98 in metro
Melbourne and 1.04 in regional Victoria. Results are indicative — an accredited provider confirms final
eligibility and certificate volume.
Eligible (30–200 kW)
Estimated rebate value
$0
From an estimated 0 VEECs
VEECs created
0
deemed, up front
Value per kW
$0
rebate ÷ system size
Deeming breakdown
System size
99 kW
Input factor
0.133
Lifetime
10 years
Regional factor
0.98
VEECs (deemed)
0
VEEC price
$83.00
Estimated value
$0
Get a firm VEEC quote for this system
We'll have a VEU-accredited specialist confirm eligibility and lock in your VEEC value — usually within 1 business day. Free, no obligation.
No obligation Your estimate is attached Details kept private
Indicative estimate only, for planning purposes. VEEC volumes depend on final system design, metering and
accredited-provider documentation; VEEC prices fluctuate. A system creates either VEECs or federal
STCs/LGCs — not both. Confirm all figures with an accredited VEU provider before relying on them.
What is a Solar VEEC, and why does it matter?
A Victorian Energy Efficiency Certificate (VEEC) is a tradable certificate created under the
Victorian Energy Upgrades (VEU) program, administered by the Essential Services Commission. One VEEC
represents one tonne of CO₂-equivalent greenhouse gas abated. Eligible commercial and industrial solar PV systems in
Victoria generate VEECs up front based on a deemed savings calculation — and those certificates can be sold
to recover a meaningful slice of the installation cost.
For a Victorian business, VEECs play the same role that federal STCs play elsewhere: a point-of-sale rebate that lowers
the net price of going solar. The key difference is that the VEU solar PV activity is tuned for the
30–200 kW mid-scale range — exactly the band where many commercial rooftops sit, and where the choice
between the Victorian (VEEC) and federal (STC/LGC) schemes has the biggest impact on project economics.
How many VEECs will my system create?
The Essential Services Commission deems VEECs for the solar PV activity using a straightforward formula:
The input factor is 0.133 for systems up to 100 kW and 0.25 for systems above 100 kW. The
regional factor is 0.98 for metropolitan Melbourne and 1.04 for regional Victoria, reflecting the
stronger solar resource outside the city. The result is rounded down to a whole number of certificates.
Worked example. A 40 kW system in regional Victoria earns
40 × 0.133 × 10 × 1.04 = 55.3, i.e. 55 VEECs. At about $83 per VEEC that's roughly
$4,560 back on the project — and that scales up quickly toward the 200 kW cap. Use the calculator
above to model your exact size, location and the current VEEC price.
VEEC vs STC: which scheme should a Victorian solar project use?
A single system can be registered for the Victorian VEU program (creating VEECs) or the
federal Renewable Energy Target (creating STCs under 100 kW, or LGCs at 100 kW and
above) — but never both. For many eligible Victorian C&I systems in the 30–200 kW band, the VEEC route is chosen
because it can return more value, but the right answer depends on your exact system size, postcode and the prevailing
certificate prices on the day.
The practical workflow is to model both: run your numbers here for the VEEC outcome, then check the federal side with
our STC & battery rebate calculator and our
commercial solar calculator for full IRR, NPV and payback. An
accredited provider can then confirm which scheme your specific project should register under.
Frequently asked questions
What is a VEEC?
A Victorian Energy Efficiency Certificate (VEEC) is a tradable certificate created under the Victorian Energy Upgrades (VEU) program. One VEEC represents one tonne of CO2-equivalent abated. Eligible commercial and industrial solar PV systems in Victoria create VEECs up front, which can be sold to recover part of the install cost — similar to how STCs work federally.
How many VEECs does my solar system earn?
For the VEU solar PV activity, VEECs are deemed as system size (kW) x an input factor x a 10-year lifetime x a regional factor. The input factor is 0.133 for systems up to 100 kW and 0.25 above 100 kW; the regional factor is 0.98 in metropolitan Melbourne and 1.04 in regional Victoria. Eligible systems are 30 kW to 200 kW. This calculator applies that formula directly.
What is a VEEC worth?
VEEC prices move daily on the open market, like any traded certificate. As a planning default this calculator uses about $83 per VEEC, but you can type in today's price. For a firm price and to lock in the value, talk to a certificate aggregator or your installer.
Can I claim VEECs and STCs on the same system?
No. A system creates either VEECs (under the Victorian VEU program) or STCs/LGCs (under the federal Renewable Energy Target), not both. For most eligible Victorian C&I systems in the 30-200 kW band the VEEC route is chosen because it can be worth more — but the right answer depends on size, postcode and current prices. Use this tool alongside our STC calculator to compare.
Who is eligible?
The VEU solar PV activity applies to non-residential (business) premises in Victoria with a new system between 30 kW and 200 kW, installed by an accredited provider that meets the program requirements (metering, equipment and documentation rules). This calculator gives an indicative estimate only — eligibility must be confirmed by an accredited provider.