Grants drive solar power revolution
THE next wave of Queensland's renewable revolution starts this week, with grants becoming available for households and small business to install batteries to store their solar power.
Energy minister Dr Anthony Lynham said the grants and loans scheme would help up to 1500 Queensland households and small businesses cut their power bills by storing solar power and using it after sunset.
"Almost half a million households in Queensland are generating power from rooftop solar,” he said.
"This places us in a great position for the next wave of our renewable journey: storing this solar power through home battery systems.”
Queensland householders can now jump online and apply for interest-free loans of up to $10,000 and grants of $3000 to purchase batteries or combined solar battery systems.
"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,” Dr Lynham said.
Queensland's small businesses can also apply for up to a $3000 grant.
The interest-free loans and grant incentives are looking to add another 1500 to the 2500 battery storage systems in place around the state.
"Just as we have one of the highest penetrations of rooftop solar in the world, we are aspiring to be a world leader in battery storage,” he said.
The scheme offers grants of $3000 and interest-free loans of up to $10,000 for up to 1000 combined solar and battery systems.
It also offers grants of $3000 and interest-free loans of up to $6000 for 500 batteries.
This is on top of the scheme that started in June offering interest-free loans of up to $4500 for solar systems.
Dr Lynham said Labor's policy mix had already been a catalyst for an estimated $2 billion worth of private investment in solar from households and small business.
To apply for the grant, home and business owners must get a quote from an eligible battery supplier for an eligible suppliers and batteries online at www.qld.gov.au/batteryloans.
They must be approved before the supplier gets the system installed.
People can then go back online to have their approved dollar amount paid to the supplier.