No-interest solar loans being considered by QLD

Queensland Premier Annastacia Palasczuk and the Queensland Government are considering adding no-interest solar loans to their arsenal of weapons against the rising cost of living in the Sunshine State. Despite the rapid advent of solar energy in Queensland prices are still high and consumer sentiment is at an all-time low.

No-Interest Solar Loans

QLD Treasurer Curtis Pitt advised that the government will offer no-interest solar loans for Queenslanders unable to raise the relatively high cost of investing in solar and battery tech.

“Solar panels and batteries are a great way for households and small businesses to cut their electricity bills, but for some the upfront cost can be a challenge,” Mr Pitt said.

Electricity saving scheme in QLD

Annastacia Palaszczuk - No-interest solar loans in QLD
Annastacia Palaszczuk – No-interest solar loans in QLD (source: queenslandlabor.org)

Earlier this week Ms Palaszczuk threatened to re-enter the retail energy market in Queensland if the Government’s saving scheme isn’t passed on to customers. She vowed to cut $50 from Queenslanders’ energy bills for the next two years and has also introduced a rebate of up to $300 for residents that want to purchase approved energy-efficient appliances.

“The time for action in Queensland is now,” Ms Palaszczuk said.

“I’m the only Premier across Australia that can take this action and the reason I can do that is because Queenslanders own their assets.
“They’re our assets, they’re our dividends and now we’re going to use those dividends to help ease the pressures facing families across Queensland.

“Over this term we have used that money to pay down debt and restore frontlines services and now we’re moving to the next phase.”

The Government are giving over a dozen retailers until the end of the week to sign an “energy pledge”, which commits them to a public pledge to reduce bills (in lockstep with the Government’s attempts to reduce the wholesale costs of electricity).

According to the ABC, Origin and Alinta have “immediately said yes” and the rest of the companies have been asked to reply by close of business today. 

Read More Solar News:

Leave a Reply

  Subscribe  
Notify of