Australian Premier announces no-interest loan scheme to boost solar power

The Australian Premier of New South Wales Gladys Berejiklian, Treasurer Dominic Perrottet, and Energy Minister Don Harwin traveled to the Gaudry family home in Casula, in south-west Sydney on Sunday, to make a bid for voters worried about high power bills at the state election next month.

The government’s plan is to offer interest-free loans of up to $14,000 for a solar-battery system for up to 300,000 owner-occupants of households with an annual income of up to $180,000 over the next decade.

“We know many families look at putting on solar panels or storage battery facilities but the upfront costs and the costs of installing those are so expensive,” Ms. Berejiklian said.

“Our government will be providing opportunities for up to 300,000 extra households to be able to put on solar panels or battery storage facilities without any upfront costs.”

Labor has promised a rebate of up to $2200 for 500,000 owner-occupied households to install rooftop solar over the next decade – saving an average of $600 to $1000 a year on electricity bills.

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