Eligible
Hunter residents will be able to access interest-free loans for battery and
solar-battery systems which could deliver more than $250 in savings a year.
The NSW Government launched the pilot program in the Hunter today, with interest-free loans of up to $14,000 for a solar-battery system, or up to
$9,000 for the addition of a battery to an existing solar system.
Running for up to 12 months, the pilot will be available to eligible residents who have postcodes in the areas of Cessnock, Dungog, Lake Macquarie, Maitland, Mid-Coast, Muswellbrook, Port Stephens, Singleton and Upper Hunter.
The loans will be
available to owner-occupiers with an annual household income of up to $180,000.
Environment
Minister Matt Kean said the pilot is an important first step in the delivery of
the NSW Government’s Empowering Homes program which will reduce energy bills
for up to 300,000 households while helping the State to transition to a clean
energy future.
“This
is about unlocking the saving and sustainability benefits offered by
solar-battery systems” Mr Kean said.
“For households that use more than 6,000kWh of electricity a year,
installing a solar and battery system can help reduce their annual electricity
bill by putting more than $250 a year back into your pocket.
“This will help create jobs, reduce emissions, increase system security and
reliability, and place downward pressure on energy costs for everyone.
“The NSW Government remains committed to achieving net zero emissions in
NSW by 2050 and this is one of the many clean energy initiatives we’re
introducing to deliver on that target.”
