{"id":27825,"date":"2019-02-11T06:43:59","date_gmt":"2019-02-10T20:13:59","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=27825"},"modified":"2019-02-11T10:29:55","modified_gmt":"2019-02-10T23:59:55","slug":"nsw-solar-battery-loans-mb0933","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nsw-solar-battery-loans-mb0933\/","title":{"rendered":"NSW Government Strikes Back With Battery\/ Solar + Storage Support"},"content":{"rendered":"
\"NSW

Image: NSW Liberal<\/p><\/div>\n

New South Wales’ Berejiklian Government is hoping to win votes with its promise of interest-free loans for solar batteries and solar power + battery systems.<\/p>\n

After NSW Labor’s solar rebate pledge<\/a> was announced on the weekend, the pressure was on the Berejiklian Government to pull something out of its hat to win the positive attention of NSW home solar supporters in the leadup to the March 23 state election. While it has demonstrated backing for large-scale PV projects<\/a>, nothing was on the table on the small-scale residential PV<\/a> side of things.<\/p>\n

On Sunday, Premier Gladys Berejiklian announced the NSW Liberal’s and Nationals’ 10-year Empowering Homes program, which will provide no-interest loans for the purchase solar batteries and solar power + storage systems. It’s understood the program will be available to “up to 300,000 households” over the ten years; assuming of course the Berejiklian Government is still in power after March 23.<\/p>\n

In order to be eligible for the no-interest loans, applicants will need to be owner-occupiers and have an annual household income of up to $180,000. Loans of up to $9,000 for a solar battery<\/a> system and up to $14,000 per solar + storage system will be available.\u00a0How long the interest-free loan period will be wasn’t mentioned and there’s not much other detail at this point in time.<\/p>\n

Suppliers and installers for the Empowering Homes Program will be selected through a competitive tender process and the initiative will also be utilised to encourage battery manufacturing in NSW.<\/p>\n

Commenting on the Empowering Homes program, Premier Berejiklian said<\/a>:<\/p>\n

“Embracing new technology is a good way for many people to access cheaper energy \u2013 putting more money back into the pockets of hard working households.”<\/p><\/blockquote>\n

But will it? Probably not for those taking up the offer in the short term, assuming it kicks off very soon after the election.<\/p>\n

While the cost of solar batteries is expected to drop over time, currently in most cases batteries will still not pay for themselves<\/a> before the warranty expires. Also, installing batteries as part of a solar installation has a negative impact on payback rather than making it better. The NSW Government said the initiative will cut emissions, but according to SQ’s Ronald, that’s not the case when it comes to batteries<\/a>.<\/p>\n

Regardless, the Clean Energy Council seems quite positive about this and NSW Labor’s announcements.<\/p>\n

“Substantive clean energy announcements from both the New South Wales Government and the Opposition this weekend show that both major parties have recognised the importance of the issue to voters ahead of the state election next month,” it said<\/a>.<\/p><\/blockquote>\n

While NSW Labor has taken a leaf out of Victorian Labor’s playbook with its Solar Homes policy<\/a>, the Berejiklian Government’s Empowering Homes program is closer to Queensland’s<\/a> (but without the grants) and a dash of SA’s Home Battery Scheme thrown in.<\/p>\n","protected":false},"excerpt":{"rendered":"

New South Wales’ Berejiklian Government is hoping to win votes with its promise of interest-free loans for solar batteries and solar power + battery systems.<\/p>\n","protected":false},"author":17,"featured_media":27826,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-27825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nNSW Government Strikes Back With Battery\/ Solar + Storage Support<\/title>\n<meta name=\"description\" content=\"The Berejiklian Government is hoping to win votes with its promise of interest-free loans for solar batteries and solar power + battery systems.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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