Key Features of Queensland Solar Incentives
- Solar Panels Rebate
The Solar Panels Rebate is a scheme that offers eligible Queensland households and small businesses a rebate of up to $3,500 on the cost of installing a solar photovoltaic (PV) system. This rebate can help reduce the upfront cost of installing solar panels and is available for systems up to 100kW in capacity. To be eligible for the rebate, households must have a combined taxable income of less than $180,000 per year and businesses must have an annual turnover of less than $50 million.
- Interest-Free Loans
The Queensland Government provides interest-free loans of up to $15,000 to eligible households and businesses to purchase and install solar PV systems and battery storage. The loans can be repaid over a period of up to 10 years, and there are no fees or charges for early repayment. To be eligible for the loan, households must have a combined taxable income of less than $180,000 per year, and businesses must have an annual turnover of less than $50 million.
- Feed-in Tariffs
Queensland’s feed-in tariff scheme allows households and businesses to sell excess solar energy back to the grid at a premium rate. The rate varies depending on the energy retailer, but it can be as high as 20 cents per kilowatt-hour. This means that households and businesses can earn money from their solar panels by selling excess energy back to the grid.
To be eligible for Queensland solar incentives, households and businesses must meet certain criteria. Here are the key eligibility requirements:
- Must be a Queensland resident or business owner.
- Must own the property where the solar PV system is installed.
- Must have a combined taxable income of less than $180,000 per year for households or an annual turnover of less than $50 million for businesses.
- Must install a solar PV system that meets the eligibility requirements of the scheme.
- Must have a licensed electrician install the solar PV system.
Queensland’s solar incentives are a great way for households and businesses to save money on their energy bills and help the environment. The Solar Panels Rebate, interest-free loans, and feed-in tariffs are just some of the incentives that are available to eligible Queensland residents and business owners. If you’re interested in switching to solar power, be sure to check the eligibility requirements and take advantage of these incentives.