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Apply for a solar loan

To apply for a solar loan you will need to provide:

  • a quote from an eligible solar supplier
  • your most recent council rates notice
  • either 6 or 12 months of electricity bills (demonstrating electricity costs at your home of more than $1,000 over the past 6 months or more than $2,000 over the past 12 months)
  • a Centrelink statement confirming you receive Family Tax Benefit Part B
  • proof of income to assess your ability to repay the loan.

As part of your application you will need to agree to a credit check.

You must upload these documents into the application portal—first time users will need to register. You can either scan them or take a clear photo with your smart phone or digital camera.

For more information on how to apply and proof of income requirements, read the guidelines for applicants.

Benefits of a solar loan

Case study

Mrs Smith lives in regional Queensland and purchases a 3 kilowatt solar system with an interest-free loan. Her monthly repayments for a solar loan of $4,500 over 7 years are around $54 per month, or around $645 per year.

Her 3 kilowatt system generates around 4,600 kilowatt-hours of electricity per year and she uses around 65% of this in her home as she is often using power during the day. She saves around $1,000 per year on her electricity bill, including feed-in tariff payments. Therefore, she makes a total saving of around $355 per year ($1,000 saving - $645 loan = $355 total saving).

Note, a home in South East Queensland that pays less for electricity will save less each year from a solar system.

Contact

Application enquiries (07) 3032 0595

Licence
Creative Commons Attribution 4.0 International (CC BY 4.0)
Last updated:
20 September 2018
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