money light

Queensland’s recently introduced solar-battery loan scheme has seen a large uptake and is estimated to be fully subscribed later this month.

The scheme offers householders interest-free loans of up to $10,000 and grants of $3000 to purchase batteries or combined solar-battery systems. Small businesses can also apply for the $3000 grant.

About 1200 applications have been lodged for the original 1500 packages. Another 1000 packages are being made available, but on the current rate of uptake, these are expected to be taken up by 15 December.

Queensland Minister for Energy, Dr Anthony Lynham, said, “My advice is to get your quote and apply before it’s too late.

“We’ve added an extra 1000 packages already due to the success of this program.

“This is about helping Queenslanders reduce their power bills and reduce our emissions as we make the transition to a renewable future.

“This response has yet again highlighted Queenslanders’ thirst for the savings and environmental benefits of renewable energy.”

Dr Lynham said Queenslanders could still apply and be placed on a waitlist, in case existing applicants did not install a system, or opted to take just a grant without a loan.

A high energy-using household that contributes $2000 to $3000 towards the upfront cost of their solar and battery system may save $400 a year, even after taking into account their interest-free loan repayments.

This solar-battery scheme comes on top of the scheme that started in June offering interest-free loans of up to $4500 families receiving Family Tax Benefit B to install solar systems.

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