Press Releases

Solar-battery dollars racing out the door

PRESS RELEASE

Renewable energy-focussed Queenslanders will have all but exhausted the Palaszczuk Government’s solar-battery loan scheme within weeks.

Energy Minister Dr Anthony Lynham said interest-free loans and grants for solar and storage first released two weeks ago were estimated to be taken up by 15 December.

“My advice is to get your quote and apply before it’s too late,” he said.

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

“This is about helping Queenslanders reduce their power bills, 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.”

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.

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.

BACKGROUND

To apply:

  • Get a quote from an eligible battery supplier for an eligible battery system. You can find a list of eligible suppliers and batteries online at www.qld.gov.au/batteryloans
  • Apply online www.qld.gov.au/batteryloans
  • Get approved
  • Tell your supplier you’re approved and get your system installed. (You cannot get it installed before approval or you’re not eligible.)
  • Get back online to have your approved dollar amount paid to your supplier.
  • You have six months from approval to get your system installed.
Share

Recent Posts

Build it and they will come: Transmission is key, but LNP make it harder and costlier

Transmission remains the fundamental building block to decarbonising the grid. But the LNP is making…

23 December 2024

Snowy Hunter gas project hit by more delays and blowouts, with total cost now more than $2 billion

Snowy blames bad weather for yet more delays to controversial Hunter gas project, now expected…

23 December 2024

Happy holidays: We will be back soon

In 2024, Renew Economy's traffic jumped 50 per cent to more than 24 million page…

20 December 2024

Solar Insiders Podcast: A roller coaster year in review – and the keys to a smoother 2025

In our final episode for the year, SunWiz's Warwick Johnston on the highs and the…

20 December 2024

CEFC creates buzz with record investment in poles and wires, as Marinus bill blows out again

CEFC winds up 2024 with record investment in two huge transmission projects, as Marinus reveals…

20 December 2024

How big utilities manipulate the energy market, even with a high share of wind and solar

Regulator says big energy players are manipulating prices to their benefit. It's not illegal, but…

20 December 2024