Information Update 16/03/2018 @ 11.30am Rooftop solar and battery systems: No interest loans and rebates
Updated 16/03/2018 -11.30am
Driftwind Electrical team had discussions with Department of Natural Resources, Mines and Energy regarding the offer for interest-free loans and rebates this morning @ 11.30am.
We were advised that this is currently being reviewed and tweaked to determine eligibility criteria before being rolled out. Please continue to review our Website and Facebook pages regularly as we will be updating on this as more information is provided.
Information below prior to 16/03/2018
Queensland has the highest uptake of solar PV installations in Australia. To drive continued uptake of solar, and support customers to adopt battery storage technology, $21 million is being invested to provide no interest loans for these technologies.
The no interest loans enable households and small businesses to take control of their own electricity consumption, address electricity affordability, and provide access to the necessary upfront capital required to purchase systems.
Customers can save up to $700 per year by installing these new technologies.
Note: Actual savings depend on a range of factors, including how much of the power generated is used by the customer.
No interest loans for solar and battery systemsNo interest loans for rooftop solar and battery systems will be made available during 2018.
Rebates for systems including batteries
To complement the loan scheme, and recognising the higher costs associated with batteries, we will provide a rebate on battery systems.
The rebate will be made available in 2018.
You can find out more on the QLD Government Website