Canberra households offered interest-free loans for solar and storage if ACT Labor re-elected

www.abc.net.au
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ACT Labor announces a $150 million election commitment to provide the capital's households with interest-free loans between $2,000 and $15,000 to help cover the upfront costs of installing rooftop solar panels, household battery storage and hot water heat pumps.
ACT Labor will offer interest-free loans to make Canberra households more sustainable if re-elected at October's territory election.

Labor has announced a $150 million election commitment to provide the capital's households with interest-free loans between $2,000 and $15,000 to help cover the upfront costs of installing rooftop solar panels, household battery storage and hot water heat pumps.

If re-elected, Labor said it would offer the loans from mid-next year.

ACT Labor leader Andrew Barr said the policy could see average households cut more than $10,000 from their bills over the next decade.

"Each of these technologies will produce savings for a household in terms of their energy costs and significantly reduce greenhouse gas emissions," the Chief Minister said.

"A combination of all of them can deliver savings for households of approaching $2,000 a year, depending of course on how much energy is consumed and the size of the household.

"This is particularly targeted at a cohort of Canberra households that have indicated that if they had the available upfront cash to be able to install these sorts of technologies they would, and this…
Michael Inman
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