$60 million in loans for renewable energy products

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OVER 6,300 Canberra households have applied for the ACT government’s Sustainable Household Scheme, totaling over $60 million in approved loans for renewable energy products.

The scheme is designed to help Canberrans with the initial costs of purchasing rooftop solar panels, battery storage, electric heating and cooling and electric vehicles to promote the transition to net zero emissions.

The majority of the loans were for rooftop solar, with 3,531 Canberrans having successfully applied.

Twenty-six applications were approved to purchase new electric vehicles and 23 were approved for used vehicles.

Other loans were approved for battery systems, hot water heat pumps, electric heating and air conditioning, and electric cookers.

According to the government, the project has generated about 25 megawatts of renewable energy, meeting about 1.5% of the ACT’s energy demand.

Chief Minister Andrew Barr said the products the scheme is helping Canberrans buy “would effectively reduce the territory’s annual energy demand by around 0.05% or 1350 mega-watt hours”.

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Thanks,

Ian Meikle, editor

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