Everything You Need to Know About the QLD Battery & Solar PV Rebates
The Queensland Government has recently announced a new incentive to encourage homeowners and small businesses to invest in battery and energy storage systems. To get you started, here’s some key facts you should know about this initiative and battery storage in general.
Benefits of installing a battery storage device in your home:
- Get the most out of your solar system
Usually, excess energy produced by your solar PV system during the day is sold back to the retailer for a fraction of what homeowners pay. When you install a battery in your home, you can store this excess energy and utilise it during peak times (i.e. in the afternoon), meaning you can make the most out of your solar PV system and the energy you’re producing.
- Store energy as a backup
One of the great benefits to having a battery in your home is being able to provide backup power in an event of an outage – a setting which can be configured into most home battery systems. This is perfect for those living in remote areas, those who might need to run medical equipment, or simply those who might have unreliable power supply.
Key eligibility criteria for the QLD battery rebate
The Queensland Government are offering 3 packages for interest-free loans and grants, however you can only apply for 1 of these. Please keep in mind that applications for solar loans will close once funding has been exhausted or on 30 June 2019, whichever occurs first. These packages are listed below and have been taken from the Queensland Government website:
- Interest-free loans for solar
- Loans and grants for battery systems
- Loans and grants for combined solar and battery systems
OPTION 1: Interest-free loans for solar
You must receive the Tax Benefit B
You must currently own your home with a mortgage
Your home electricity costs must be more than $1,000 over the past 6 months, or more than $2,000 over the past 12 months
You must not have an existing solar system
OPTION 2: Loans and grants for battery systems
- If you are a homeowner, you must not be receiving the Solar Bonus Scheme (44 cent feed-in tariff)
- In addition to the above, if you are a small business, you must employ more than 20 full-time equivalent employees and consume less than 100,000 kilowatt hours (or 100 megawatt hours) of electricity per year
OPTION 3: Loans and grants for combined solar and battery systems
- If you are a homeowner, you must not have an existing solar PV system
- In addition to the above, if you are a small business, you must employ fewer than 20 full-time equivalent employees and consume less than 100,000 kilowatt hours (or 100 megawatt hours) of electricity per year
How can I apply for a grant or loan?
If you’ve been thinking about installing a battery or solar PV system for your home then now’s the time to get on board. Here's how you can get started: