QLD Solar and Battery Interest-Free Loan & Grant Scheme Launched!

Over the weekend the Queensland Government launched its Interest-Free Loan and Grant Scheme for solar and battery storage. This is an extension to the current scheme where the Queensland Government has been offering interest-free solar loan packages of up to $4,500 for up to 3,500 households.

Three packages are now available to households or small businesses, however, applicants will only be eligible to apply for one.

Available Packages:

  • Interest-Free Solar Loan Packages of up to $4,500 (only for households, 3,500 available)
  • Battery Assistance offering grants of $3,000 and interest-free loans of up to $6,000 (500 available)
  • Combined Solar and Battery System Assistance, offering grants of $3,000 and interest-free loans of up to $10,000 (1,000 available)

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

Who’s Eligible and Whats The Process?

All three packages have low eligibility criteria making them accessible to the average household and small business. If eligible the application process requires applicants to provide a quote from an approved solar or battery provider, dependent on which package is being applied for.

Interest-Free Solar Loan Packages (Households only)

Eligibility;

  • On the Family Tax Benefit B
  • Own your home with a mortgage
  • Home electricity costs of more than $1,000 over the past 6 months or more than $2,000 over the past 12 months
  • Don’t have a solar system

Step 1- Get a quote from an eligible supplier
Step 2- Apply for a loan here whilst providing the below documentation;

  • a quote from an eligible solar supplier
  • your most recent council rates notice
  • either 6 or 12 months of electricity bills
  • a Centrelink statement confirming you receive Family Tax Benefit Part B
  • proof of income to assess your ability to repay the loan.

As part of your application, you will need to agree to a credit check.

Battery Assistance battery

Eligibility;

  • A homeowner and you’re not receiving the Solar Bonus Scheme (44 cent feed-in tariff) or;
  • Small Business
    • With fewer than the equivalent of 20 fulltime employees
    • Are a small electricity user (less than 100,000-kilowatt hours of electricity per year)
    • Not receiving the Solar Bonus Scheme (44 cent feed-in tariff)

Step 1- Get a quote from an eligible battery supplier
Step 2- Apply for a grant and/or interest-free loan here whilst providing the below documentation

  • a quote from an eligible battery supplier
  • your most recent council rates notice
  • a copy of your electricity bill
  • proof of income to assess your ability to repay the loan (if applying for a loan)

As part of your application, you will need to agree to a credit check (if applying for a loan).

Combined Solar and Battery System Assistance

Eligibility;

  • Homeowner, that is not receiving the Solar Bonus Scheme (44 cent feed-in tariff) or;
  • Small Business
    • With fewer than the equivalent of 20 fulltime employees
    • Are a small electricity user (less than 100,000-kilowatt hours of electricity per year)
    • Not receiving the Solar Bonus Scheme (44 cent feed-in tariff)

Step 1- Get a quote from an eligible supplier
Step 2- Apply for a loan and/or grant here whilst providing the below documentation

  • a quote from an eligible battery supplier
  • your most recent council rates notice
  • a copy of your electricity bill
  • proof of income to assess your ability to repay the loan (if applying for a loan).

As part of your application, you will need to agree to a credit check (if applying for a loan).

What Does This Mean For Eligible Applicants?

“This is about helping Queenslanders reduce their power bills, reduce our emissions as we make the transition to a renewable future.”  Energy Minister Dr Anthony Lynham

Homes and small businesses being able to access solar and battery storage will mean not only reduced power bills but the ability to store excess energy generated by the solar system to use at night when the sun is down, and electricity rates are high.

“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.” Energy Minister Dr Anthony Lynham

Find out if you’re eligible on the Queensland Government website here and whilst you’re waiting to hear, why not check out your potential savings with our Solar Savings Calculator!

Check Out Our Solar Calculator Here!

Download Your FREE Beginner’s Guide To Solar Power!

Beginners Guide to Solar Power

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Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy saving tips and more!

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.