Vehicle & Energy Incentives
Electric Vehicle Registration & Tax: Luxury Car Tax
In Australia, fuel efficient vehicles attract less Luxury Car Tax, leading to a saving of up to $2,648. The Luxury Car Tax is levied at 33c on each dollar above a certain threshold. For most cars that threshold is $68,740 in 2020, however for fuel efficient vehicles including the Tesla Model S, Model X, and Model 3, that threshold is $77,565. Learn more about luxury car tax.
Stamp Duty and Registration
Australian Capital Territory – Brand New electric vehicles pay $0 stamp duty for their initial purchase and receive a 20% discount on registration. Learn more.
Victoria – Electric vehicles are exempt from the “luxury vehicle” rate of stamp duty, paying a flat rate of $8.40 per $200 of market value, rather than up to $18 for polluting vehicles. All electric vehicles also receive a $100 annual discount on vehicle registration. Learn more.
Queensland - Electric and hybrid vehicles pay reduced stamp duty: $2 per $100 up to $100,000, and $4 per $100 value thereafter (compared to up to $6 per $100 for more polluting vehicles). Learn more.
Victoria ZEV Subsidy
What is the offer?
The Victorian Government has introduced ZEV Subsidy of $3,000 on new zero emissions vehicles with a Vehicle Subtotal (dutiable value) under $68,740 in the first stage of the program. The Vehicle Subtotal is found on the payment page of the configurator by selecting ‘show details’. This offer is on a first come, first serve basis and is limited to 4,000 registrations in Victoria at this amount. A further 16,000 incentives will then be made available, but the Victorian Government has not yet confirmed details for this stage of the scheme.
Am I eligible?
For eligible vehicle purchases from 2 May 2021, the ZEV Subsidy is available to Victorian residents and businesses with premises in Victoria. Victorians will be able to access the subsidy once only and businesses will be able to apply for up to two subsidies at this stage. Evidence of Victorian resident status and proof of identity will be confirmed through the registration process.
How can I receive the subsidy?
The subsidy will be deducted from the total Drive Away Price on the final tax invoice. If eligibility is unable to be confirmed, any quotations or invoices inclusive of the subsidy will become void.
For additional information visit Solar Victoria.
Small-scale Renewable Energy Scheme
The Small-scale Renewable Energy Scheme creates a financial incentive for individuals and small business owners to install eligible small-scale renewable energy systems, including solar panels.*
It does this through the creation of small-scale technology certificates (STCs) based on each system’s expected power generation from the year of installation until 2030 when the scheme ends.
The scheme rewards the individual or small business owner for the renewable energy they’re producing, which reduces their requirement for electricity generated from non-renewable sources.
When you purchase a system from Tesla, you have the option to assign your STCs to Tesla in return for a discount on your system price.**
Home Battery Storage & Solar
Several states and local utility providers offer additional home battery storage & solar incentives for customers, often taking the form of a subsidy. Most subsidies can either be claimed after purchase or reflected as a reduction in the price of your purchase for battery storage and/or solar systems.
|State||Energy Storage Grants Available||Solar System Grants Available|
|ACT||Up to $4,000.|
|SA||Up to $6,000.||Low interest loans available, based on credit approval.|
|VIC||Eligible Victorian households can receive up to $4,838.||Up to $2,225.|
|Energy Storage Grants: Up to $4,000.|
|Energy Storage Grants: Up to $6,000.
Solar System Grants: Low interest loans available, based on credit approval.
|Energy Storage Grants: Available starting in Summer 2019. Details to be confirmed.
Up to $4,838 subsidy in the first year, tapering down to $3,714 by 2026.
Solar System Grants: Up to a $2,225 subsidy for solar panels, or up to $1,000 off the cost of solar hot water.
All of the above incentives apply to eligible residential customers. Incentive programs are offered and administered by government agencies. Eligibility and availability vary and are outside of Tesla’s control. Most programs are limited to a total dollar amount that can be dispersed or will expire on a certain date. Be sure to visit the state program’s website for the most up-to-date information on availability and redemption requirements.
* An STC is a financial incentive, not a rebate, and consumers will not qualify for any government-based financial recompense at the completion of the STC creation process.
** Renewable Energy Target liable entities have a legal obligation to buy and surrender to the Clean Energy Regulator. STCs are provided 'up front' for the systems'. Householders who purchase these systems are able to create and sell their STCs in the market or to the STC Clearing House, or to assign the right to create their STCs to an agent in return for a lower purchase price for their system. The level of this benefit differs across the country depending on the level of solar energy.