The Australian Capital Territory (ACT) Government’s Sustainable Household Scheme (SHS) offers zero-interest loans to assist residents in adopting energy-efficient technologies, including solar panels and battery storage systems. This initiative aims to reduce energy consumption, lower utility bills, and support the ACT’s commitment to achieving net-zero emissions by 2045.
What is SHS Loan Structure?
Eligible households can access loans ranging from $2,000 to $15,000, repayable over a period of up to 10 years. These loans cover various energy-efficient products, such as:
- Rooftop solar panels
- Household battery storage systems
- Electric heating and cooling systems
- Hot water heat pumps
- Electric vehicles and charging infrastructure
- Ceiling insulation
It’s important to note that the cumulative borrowing limit per household over the life of the scheme is $15,000. This means you can apply for multiple loans for different products, provided the total amount does not exceed this limit.
Property Unimproved Value (UV) Eligibility Criteria
The scheme sets specific Unimproved Value (UV) thresholds for properties to determine eligibility for different product categories:
- Category A (e.g., rooftop solar panels): Properties with a UV of up to $450,000.
- Category B and D (e.g., household battery storage systems): Properties with a UV of up to $750,000.
This distinction is crucial, especially when considering combined installations of solar panels and battery systems. For instance, if you plan to install both simultaneously, each component must meet its respective UV eligibility criteria. In cases where the property’s UV exceeds the threshold for rooftop solar panels but falls within the limit for battery systems, you may only qualify for a loan covering the battery portion.
Application Process and Considerations
To apply for the SHS loan:
- Check Property UV: Determine your property’s UV through Access Canberra to assess eligibility.
- Select Approved Products: Choose from the list of eligible energy-efficient products.
- Submit Application: Apply for the loan, ensuring you meet all criteria and provide necessary documentation.
Given the nuances in eligibility, particularly concerning property UV and product categories, it’s advisable to consult with the SHS team or authorized service providers to clarify any uncertainties before proceeding.
Benefits of Participating in the SHS
By leveraging the SHS, ACT residents can:
- Reduce Energy Bills: Lower utility costs through efficient energy use.
- Enhance Property Value: Increase the value of your home with modern, energy-efficient installations.
- Contribute to Environmental Goals: Play a part in the ACT’s mission to achieve net-zero emissions by 2045.
Conclusion
The ACT Sustainable Household Scheme is a game-changer for households looking to embrace renewable energy and energy-efficient solutions. With the support of this program, residents can invest in solar panels and battery storage to reduce energy bills and minimize their carbon footprint.
Partnering with a trusted solar provider like Isolux Solar ensures you maximize the benefits of the scheme. As a leader in renewable energy solutions, Isolux Solar offers high-quality solar panel and battery systems tailored to meet your energy needs. Our expertise in installations and commitment to sustainability make us an ideal choice for ACT homeowners ready to transition to clean energy.
Start your journey towards a more sustainable future today by exploring the ACT Sustainable Household Scheme with Isolux Solar. Together, let’s power your home and the planet sustainably!
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