Existing Property  /  VEU Rebates
VICTORIAN ENERGY UPGRADES (VEU)

Government rebates on an efficient upgrade.

The Victorian Energy Upgrades program helps Victorian households cut the cost of replacing an old gas or inefficient system with a high-efficiency reverse cycle air conditioner — up to $10,000 off upfront and up to $1,140 a year on your bills. We’ll check your eligibility and handle the paperwork.

efficient reverse-cycle install
Up to $10,000*
off an eligible upgrade

WHAT IS THE VEU PROGRAM?

A Victorian Government scheme that lowers the cost of going efficient

The Victorian Energy Upgrades (VEU) program is a state-government initiative that offers discounts and incentives on approved energy-efficient products. When you replace old, energy-hungry equipment with a qualifying high-efficiency system, the incentive is applied to reduce your upfront cost.

Any Victorian home or business

All Victorian households and businesses can access a heating and cooling discount — rental properties included.

Money off upfront

The discount comes straight off the price of an approved upgrade, so you pay less on day one.

Lower bills too

An efficient reverse cycle system can save roughly $460–$1,140 a year on running costs.

Upgrades that may qualify

The discount applies when you replace an older or inefficient system with an approved high-efficiency reverse cycle air conditioner. That includes swapping a whole-of-home ducted gas heater (the largest discounts, up to $10,000 off), a non-ducted room gas heater, old hard-wired electric or slab heating, or a cooling-only / ageing air conditioner. We’ll confirm exactly what your existing system qualifies for.

*Discounts shown are indicative, set by the VEU program, and depend on your existing system, the new system size and your circumstances. To qualify, the replacement must be an approved high-efficiency reverse cycle air conditioner (heating + cooling) with a minimum 5-year warranty, and any system being replaced must be more than 2 years old. We confirm eligibility before any work starts.

HOW IT WORKS

We handle it end to end

1

Check eligibility

We assess your existing system and confirm what the program offers for your situation — before any work starts.

2

Quote with discount

You get a clear quote showing the price with the VEU discount already applied.

3

We install

Licensed technicians install your approved high-efficiency reverse cycle system properly.

4

Paperwork sorted

We handle the program paperwork and provide your electrical or plumbing certificates.

ELIGIBILITY

Could you qualify?

Most Victorian households upgrading an existing home can access the program. The simplest way to know is to ask — we’ll check the current criteria against your situation, no obligation.

Check my eligibility


Any Victorian household or business

Rental properties included

Replacing a system more than 2 years old

Upgrading to an approved reverse cycle system

Upgrade for less.

Let’s see what the Victorian Energy Upgrades program can take off your next system.

Get a free quote

Daikin

✓ ACCREDITED
Daikin Club Dealer

Mitsubishi Electric

DIAMOND STATUS
Mitsubishi Electric Diamond Dealer

ALSO LICENSED & ACCREDITED


Fully licensed & insured


ARC AU40629


BPC plumbing licence 112624


6-year workmanship warranty

Cold Bear
HEATING & COOLING

Melbourne’s heating and air conditioning expert. Complete HVAC installation, service and repair for homes and businesses.

(03) 9739 8859
info@coldbear.com.au
1/1861 Ferntree Gully Rd, Ferntree Gully VIC 3156

FERNTREE GULLY

1/1861 Ferntree Gully Rd,
Ferntree Gully VIC 3156

Mon–Fri: 9.00am – 5.00pm
Sat, Sun & Public Hols: Closed

CLAYTON SOUTH

120 Main Rd,
Clayton South VIC 3169

Mon–Fri: 9.00am – 5.00pm
Sat, Sun & Public Hols: Closed

© 2026 Cold Bear Heating and Cooling · CB Air Conditioning Pty Ltd · ACN 611 068 789 · ARC AU40629
info@coldbear.com.au