Most homeowners are pursuing the goal of energy efficiency. However, this can often involve a capital outlay as they seek to buy technologically advanced products that are as efficient as possible. So it’s good to hear that the ACT government has introduced a sustainable household scheme that will run until at least 2026 and can help people with the cost of their energy-efficient upgrade. Here’s what’s involved in the ACT sustainable household scheme.
Interest-free solar loans
Homeowners who are eligible can apply to the government’s solar scheme for a loan of up to $15,000. The best part, the loan also covers a new air conditioner and high-efficiency hot water heat pump! The aim is to reduce the home’s environmental impact by helping the property owner install solar panels, batteries, electric heating and cooling systems and other products. While specific terms and conditions apply to the ACT solar loan, the government will not levy any interest for up to 10 years and will not charge any upfront fees or costs either.
ACT government solar loan options
ACT gov solar loans of between $2,000 and $15,000 can be used to install:
- Rooftop solar panels
- Battery storage systems
- Hot water heat pumps
- Electric stovetops
- Electric heating and cooling systems
- Electric vehicles and charging infrastructure
The government provides a list of eligible products, and you can install one product or a bundle from a specific category. For example, category A products include solar panels, interest-free solar battery systems and electric vehicle charging stations. Category B will include electric heating or cooling systems, and category C will cover electric cars.
Eligibility will be determined during a loan application credit check, and the government has selected Brighte as the loan provider for the scheme. In some circumstances, you may be able to borrow more than the $15,000 limit, but in this case, the loan provider may charge interest on the extra funds.
If your application is successful, your repayments will begin when you either buy the electric vehicle or install the product or system and it becomes operational.
Eligibility for the solar energy government scheme
The program is open to ACT residents who should either hold a current driving licence or own their home. To be eligible, you need to attend a free one-hour live workshop (online). This session can help you understand the various energy efficiency options available and the details of the ACT solar scheme.
Remember, this is not a free solar panel government scheme but rather a zero-interest loan. While there are no fees to set up the loan, you can repay it early without any penalty. It is important to keep up with your repayments, though, as otherwise, you may incur separate fees. To stand the best chance of acceptance, you should have a good credit history and be able to repay the loan without overly taxing your budget.
The ACT government has committed to a policy of net zero emissions by 2045. The sustainable household scheme is an integral part of that campaign and has some of the best solar loans in Australia. These loans should make it much easier for households to become more energy-efficient through interest-free solar panels and interest free air conditioners.
Getting help from Climate Master
Climate Master is a leader in the field and can help you build and maintain a sustainable household. We will help you take advantage of the solar loan scheme, so you can have a new air conditioner or hot water heat pump installed. We can also recommend the most energy-efficient electric heating and cooling system and help you apply for your loan.
Find out more about our installation services, maintenance and servicing. Read about our systems and the brands we stock and request a quote from us when you’re ready. Get in touch with us today to start the discussion.