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QLD Government - Interest-free loans for solar and storage

Queensland Government
Queensland Government

QLD Government - Interest-free loans for solar and storage

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The Queensland Government is offering interest-free loans and grants for solar and battery storage systems, saving you money off your energy bill.

Check if you're eligible and apply now.

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About the program

You may be eligible to apply for an interest-free loan or grant for solar systems and battery storage systems. There are 3 packages available, but you can only apply for 1. Read through each package carefully before making your application.

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.

Around 3,500 solar assistance packages are available. 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.


Loans for solar systems

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.

Read more about the financial benefits of solar power.


Loans and grants for battery systems

Households and small businesses can apply for interest-free loans or grants to purchase a battery system. Around 500 packages are available offering grants of $3,000 and interest-free loans of up to $6,000, repayable within 10 years.

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.


Loans and grants for combined solar and battery systems

Households and small businesses can apply for interest-free loans or grants to purchase a combined solar and battery storage system. Around 1,000 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.

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.