By: greenbank On: September 01, 2018 In: Comments: 0

South Australian households can draw on cost-competitive CEFC finance to install home solar and battery storage under the South Australian government’s Home Battery Scheme. The CEFC has committed up to AU$100 million to finance loans for the scheme, with the finance available through RateSetter’s new South Australian ‘green lending’ platform Under the Scheme, 40,000 South Australian households have access to up to AU$6000 in government subsidies to put toward the cost of the battery component of solar and battery installations. The CEFC will finance loans where the upfront costs of the home battery system installations are not met by the subsidies. RateSetter and the CEFC have been working together since May 2017, when the CEFC made a AU$20 million commitment to kick-start RateSetter’s Green Loan Marketplace for borrowers looking to buy or install energy efficient and solar products.

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