We will be providing interest-free loans for solar systems and battery storage as part of the Affordable Energy Plan. This will help households and small businesses purchase these systems, allowing them to take control of their electricity consumption and access more affordable electricity.
Funding for the program is capped and places will be limited. It will help 5,000 customers, with around 3,500 solar assistance packages and 1,500 battery assistance packages being made available.
The program will be released in two stages:
The Queensland Rural and Industry Development Authority will administer the loans and grants. Pre-registration is not available.
You will only be able to apply for one solar and/or battery assistance package.
In order to apply for an interest-free loan for rooftop solar systems, you must:
Full eligibility criteria will be made available when the scheme commences in June 2018.
In late 2018, loans and grants for systems with battery storage will be available to:
Small businesses can also apply for the grant, but will not be eligible for an interest-free loan.
These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes a general energy usage of 4000kWh/year for a residential customer on Energy Locals Time of Use Tariff – (TOU – Peak, Off-Peak & Solar Sponge).
The reference price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.