QLD GOVERNMENT SOLAR REBATE AND INTEREST-FREE LOANS

Why Solahart is your best choice for advice on the Qld Government Solar Rebate and Interest-Free Loans.

For over 65 years, we have been setting the standard for solar systems in Australia. Our systems are designed for the harshest Australian conditions. Quality is ingrained in everything we do and our obsession with solar technologies is well documented.

Our home battery systems charge during the day using electricity generated from solar panels or from the grid when utility rates are low. It powers your home in the evening when the sun is not shining or when the utility rates are higher. 

Our solar power systems only use world-leading solar panels and the world’s best quality inverters.

Meanwhile, our solar water heaters have established an unparalleled reputation for quality and efficiency. Our core range consists of roof-mounted systems and split systems, where the tanks are located on the ground. 

QLD Government Solar Rebate and Interest-Free Loans

The Queensland Government is committed to making electricity more affordable for Queenslanders. Under the Affordable Energy plan, the Interest Free Loans for Solar and Storage Scheme is now available, providing interest free solar loans to households. The loans will assist households to take control of their electricity consumption. This will be achieved by providing support to households that otherwise would not have access to upfront capital to invest in a solar PV system.

Solar loans of up to $4,500 are available, requiring monthly repayments for a period of up to 7 years. Solar loans are offered with no interest, fees or charges for the life of the loan.

There are three packages available, but you can only apply for one;

  • Loans for solar systems
  • Loans and grants for battery systems
  • Loans and grants for combined solar and battery systems

See below for more details on the 3 available packages.

Eligibility Criteria

There are a number of eligibility criteria that must be met for an individual to qualify for the program.  Full details can be found here. Or, visit the QLD Government's 'Check your eligibility' webpage.

In addition to the eligibility criteria there are a number of conditions covering the program;

  • Applications must be received by 30 June 2019.
  • The availability of solar loans is subject to funds being available.
  • A solar loan cannot be more than the supply and installation cost of a solar PV system.
  • Solar loan funds cannot be used to reimburse payments made by applicants to system suppliers.
  • QRIDA may cancel an approval for a solar loan if the applicant does not provide evidence the system has been installed within six months after the approval.

QLD Government Solar Rebate and Interest-Free Loans

To find out more about the QLD Government Solar Rebate and Interest-Free Loans, or to get an accurate in-home solar assessment, just fill in your details or call 1300 721 984.

The following errors were found:

Households who meet certain criteria can apply for an interest-free loan of up to $4,500 to purchase a solar system. The loan must be repaid within 7 years.

These loans will help households who don’t have the available funds to purchase a solar system upfront. Purchasing a solar system can help to make your electricity more affordable.

Small businesses are not eligible to apply.

Case study

Mrs Smith lives in regional Queensland and purchases a 3 kilowatt solar system with an interest-free loan. Her monthly repayments for a solar loan of $4,500 over 7 years are around $54 per month, or around $645 per year.

Her 3 kilowatt system generates around 4,600 kilowatt-hours of electricity per year and she uses around 65% of this in her home as she is often using power during the day. She saves around $1,000 per year on her electricity bill, including feed-in tariff payments. Therefore, she makes a total saving of around $355 per year ($1,000 saving - $645 loan = $355 total saving).

Note, a home in South East Queensland that pays less for electricity will save less each year from a solar system.

Households and small businesses can apply for interest-free loans or grants to purchase a battery system. Assistance packages are available offering grants of $3,000 and interest-free loans of up to $6,000, repayable within 10 years.

4,000 assistance packages are available across both the loans and grants for battery systems and the loans and grants for combined solar and battery systems. These will be approved across the 2 assistance programs on a first come, first served basis.

Households may apply for the loan and grant, or just the grant. Small businesses are eligible for the grant only.

Battery systems installed under the program may be selected for a free safety inspection as part of the government battery inspection regime. It is a condition of receiving the package that you agree to a free safety inspection. A battery inspector will contact you directly to organise an inspection.

Batteries aren’t for everyone and it is important to consider whether the savings generated over the life of the battery cover its cost and deliver the benefit you are anticipating.

There are a number of factors that can determine how much you save and it is important to talk to a battery supplier to better understand whether a battery is right for you and your needs.

Households and small businesses can apply for interest-free loans or grants to purchase a combined solar and battery storage system. Assistance packages are available for combined solar and battery systems - offering grants of $3,000 and interest-free loans of up to $10,000, repayable within 10 years.

2,500 assistance packages are available across both the loans and grants for battery systems and the loans and grants for combined solar and battery systems. These will be approved across the 2 assistance programs on a first come, first served basis.

Households may apply for the loan and grant, or just the grant. Small businesses are eligible for the grant only.

Battery systems installed under the program may be selected for a free safety inspection as part of the government battery inspection regime. It is a condition of receiving the package that you agree to a free safety inspection. A battery inspector will contact you directly to organise an inspection.

Batteries aren’t for everyone and it is important to consider whether the savings generated over the life of the battery cover its cost and deliver the benefit you are anticipating.

There are a number of factors that can determine how much you save and it is important that to talk to a battery supplier to better understand whether a battery is right for you and your needs.