Labor will help households and businesses with battery storage for solar

Tasmanian Labor
  • $20 million to fund loans of up to $15,000 to buy batteries and solar for homes and businesses
  • Value of solar investment plummeted under Liberals watch
  • Labor will push power prices down while the Liberals will privatise Hydro
  • A majority Labor Government will
    set aside $20 million to fund loans of up to $15,000 for people to buy
    batteries and solar for their homes.

    Labor Leader Rebecca White said
    the policy would fix the Liberal’s failures on feed-in tariffs and help solar
    owners keep the value of their investment.

    “Solar owners have been badly
    let down by the Liberals and have seen the value of their investment crumble
    after the feed-In tariffs were cut,” Ms White said.

    “The controversial new ‘solar
    tax’ proposed by the Australian Energy Market Commission will further hit
    the value of feed-in tariffs with people set to be charged for exporting
    solar power to the grid.

    “Due to changes in the
    national electricity market it is now impossible to simply reinstate the
    previous tariff rates and the only solution is battery storage.

    “Battery storage is the
    equivalent of receiving a feed-in tariff equal to the retail rate charged by
    Aurora.

    “Labor will make interest-free
    loans available to households and businesses up to the value of $15,000 for the
    installation of battery storage or solar installation.”

    Ms White said the loans would be
    over ten years, interest free for the first three years and then low interest
    for the remaining seven.

    “Tasmanians need to feel secure
    in their solar investment and under the Liberals this has not been the case.

    “This funding will help ensure
    Tasmanians see return on their solar investment which is both beneficial to
    them and the environment.

    “While Labor works to push down power prices, Peter Gutwein and the Liberals will carve up and privatise the Hydro.

    “Only Labor is working for Tasmanians to create a better and fairer state.”

    Rebecca White MP

    Labor Leader

    /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.