{"id":31321,"date":"2019-06-24T06:40:12","date_gmt":"2019-06-23T20:10:12","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=31321"},"modified":"2024-06-05T11:30:23","modified_gmt":"2024-06-05T02:00:23","slug":"nsw-solar-battery-loans-mb1105","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nsw-solar-battery-loans-mb1105\/","title":{"rendered":"NSW Solar-Battery Interest Free Loans Update"},"content":{"rendered":"
\"NSW

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

The NSW Government has flagged its interest-free solar-battery loans program – Empowering Homes – could commence towards the end of this year.<\/p>\n

The initiative will support the installation of up to 300,000 battery and solar + battery storage systems over the next decade through the provision of interest-free loans to eligible residents.<\/p>\n

Up to $9,000 for a battery system or up to $14,000 for a solar-battery system will be available to owner-occupiers with an annual household income of up to $180,000.<\/p>\n

The State Government says Empowering Homes could unlock up to $3.2 billion in investment and see up to 3,000 megawatt hours of battery storage added to New South Wales’ energy system when complete.<\/p>\n

Empowering Homes was a commitmen<\/a>t made in the lead-up to the NSW state election earlier this year.<\/p>\n

The first systems under Empowering Homes should be installed between December this year and February next year. The New South Wales government will soon be seeking delivery partners for the program.<\/p>\n

\u201cI want to deliver a program that provides robust consumer protections in terms of safety, system performance and value for money,\u201d said<\/a> NSW Minister for Energy Matt Kean.<\/p><\/blockquote>\n

If it’s value for money that Minister Kean is wanting, perhaps making the program solar-only would have been the way to go; at least initially.<\/p>\n

As mentioned back in February when this was originally pledged, while the cost of solar batteries will drop in the years ahead, at this point in time batteries will still not pay for themselves<\/a> before warranty expiry.<\/p>\n

The NSW Government statement also offers figures on energy bill savings on solar + storage – but this is blended payback<\/a>. Adding batteries as part of a solar power installation has a negative impact on solar-only’s rapid payback. Simple payback on a 6.5kW solar system<\/a> in Sydney<\/a> currently just 4.6 years.<\/p>\n

The NSW Government says the initiative will also reduce emissions, but as SQ\u2019s Ronald has pointed out, it’s solar power that is the heavy lifter – batteries don’t reduce emissions<\/a>.<\/p>\n

RenewEconomy revealed earlier this month<\/a> $50 million is being redirected from a cancelled virtual power plant program to cover the costs of\u00a0 the NSW Empowering Homes Program.<\/p>\n

There’s still a lot of detail yet to be revealed about Empowering Homes, and that won’t be released until later this year.<\/p>\n

NSW Home Solar Power Status<\/h2>\n

Around 19% of dwellings in New South Wales had solar panels installed (Source: APVI<\/a>) as at March this year, behind Queensland (34.1%), South Australia (33.5%) and Western Australia (27.6%). Victoria was sitting behind New South Wales at 16.9%, but VIC could rapidly close that gap with its very generous Solar Homes Package<\/a> rebate (now a subsidy) program for PV, which is set to restart in a week’s time<\/a> and will also offer interest-free loans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The NSW Government has flagged its interest-free solar-battery loans program – Empowering Homes – could commence towards the end of this year.<\/p>\n","protected":false},"author":17,"featured_media":31322,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-31321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nNSW Solar-Battery Interest Free Loans Update - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"The NSW Government has flagged its interest-free solar-battery loans program - Empowering Homes - 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Back in February 2019 in the lead-up to the State election, then-Premier Gladys Berejiklian committed to the Empowering Homes program. If the Liberal\/National party coalition were returned to power, the initiative would offer no-interest\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"NSW Empowering Homes solar battery loans","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/nsw-empowering-homes.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/nsw-empowering-homes.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/nsw-empowering-homes.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":37796,"url":"https:\/\/www.solarquotes.com.au\/blog\/nsw-solar-battery-scheme-mb1427\/","url_meta":{"origin":31321,"position":2},"title":"NSW Solar + Battery Scheme Finally Kicks Off – Sort Of","author":"Michael Bloch","date":"March 2, 2020","format":false,"excerpt":"The NSW Government\u2019s Empowering Homes scheme that offers interest-free loans for battery and solar-battery systems launched on Friday as a pilot program. First, a bit of history: Empowering Homes is the result of a commitment made by the Berejiklian Government leading up to the NSW State election in March last\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"NSW Empowering Homes","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/nsw-empowering-homes.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/nsw-empowering-homes.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/nsw-empowering-homes.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":35810,"url":"https:\/\/www.solarquotes.com.au\/blog\/nsw-empowering-homes-mb1336\/","url_meta":{"origin":31321,"position":3},"title":"NSW Empowering Homes Solar Battery Program Update","author":"Michael Bloch","date":"December 19, 2019","format":false,"excerpt":"Many New South Wales households eager to take advantage of the State Government's Empowering Homes program are going to need to wait quite a while longer. The Empowering Homes initiative is a commitment made by the Berejiklian Government in the lead-up to the NSW State election earlier this year. It\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Empowering Homes - New South Wales","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/nsw-empowering-homes.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/nsw-empowering-homes.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/nsw-empowering-homes.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/nsw-empowering-homes.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":33842,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-storage-nsw-regulations-mb1230\/","url_meta":{"origin":31321,"position":4},"title":"Cutting Red Tape For Solar And Energy Storage In New South Wales","author":"Michael Bloch","date":"September 27, 2019","format":false,"excerpt":"The New South Wales Government wants to make it easier to install battery storage and commercial-scale solar energy systems - and is inviting feedback on proposed planning policy changes. Under the NSW planning system, renewable electricity infrastructure development is governed primarily by the State Environmental Planning Policy (Infrastructure) 2007 (Infrastructure\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar and storage - New South Wales","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/nsw-solar-storage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/nsw-solar-storage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/nsw-solar-storage.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/nsw-solar-storage.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/nsw-solar-storage.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":62586,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-energy-bill-buster-mb2507\/","url_meta":{"origin":31321,"position":5},"title":"More Free Solar Systems Under NSW’s Energy Bill Buster","author":"Michael Bloch","date":"June 9, 2022","format":false,"excerpt":"A pilot program offering low income households a \"free\" solar power system is being expanded across New South Wales. Back in 2018, the then-Berejiklian Government\u2019s Solar for Low Income Households Trial was announced. The initiative involved eligible households in selected regions being able to swap their Low Income Household Rebate\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"NSW Energy Bill Buster program","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/energy-bill-buster.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/energy-bill-buster.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/energy-bill-buster.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/energy-bill-buster.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/energy-bill-buster.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=31321"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31321\/revisions"}],"predecessor-version":[{"id":84256,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31321\/revisions\/84256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/31322"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=31321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=31321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=31321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}