Pre­mier an­nounces so­lar loan deal to cut power costs

Chinchilla News - - NEWS -

PRE­MIER An­nasta­cia Palaszczuk has an­nounced in­ter­est-free loans for Queens­land fam­i­lies to in­stall so­lar sys­tems and slash their power costs.

The loans are meanstested, of a value up to $4500.

To be el­i­gi­ble, Queens­lan­ders must meet the Fam­ily Tax Ben­e­fit B cri­te­ria.

“In this way we are help­ing those who need it the most,” Ms Palaszczuk said.

The loans will al­low an­other 3500 fam­i­lies to join the 474,000 who al­ready en­joy the ben­e­fits of so­lar.

En­ergy Min­is­ter An­thony Lyn­ham said suc­cess­ful ap­pli­cants would pay no out-of-pocket ex­penses to ac­cess the loan and “could save around $2450 over the life of the loan”.

Cus­tomers will need to ob­tain a quote from an el­i­gi­ble so­lar sup­plier be­fore sub­mit­ting their ap­pli­ca­tion on­line.

El­i­gi­ble so­lar sup­pli­ers are listed on­line at­lar­loans.

Monthly re­pay­ments for a $4500 loan over seven years are about $54 per month or $648 per year.

A three kilo­watt so­lar sys­tem pur­chased with an in­ter­est-free so­lar loan could save a cus­tomer about $350 per year af­ter loan re­pay­ments.

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