The Project provides for the establishment of interest free loans for the installation of solar hot water system (and other selected water heating devices such as solar boost heat pump, solar retrofit kit or other pre heating systems in accordance with current South Australian Government rebate schemes) by residents living in the City of Norwood, Payneham & St Peters area.
The project does not stipulate where and what type of solar hot water system must be purchased to be eligible for an interest free loan, allowing for greater consumer choice.
A household will be able to apply for an interest free loan for the installation of solar hot water system services of up to $1,800 per household. Residents will be required to make their own contribution of approximately $600. The loan can be repaid over 12 months.
Please note up to about 10 interest free loans per Council will be available.
The Solar Hot Water System Interest Free Loan Project is an initiative of the Cities of Unley, Burnside and Norwood, Payneham and St Peters and funded through the Australian Government Community Abatement Grants.
Summary of Application Process
The City of Norwood, Payneham & St Peters have interest free loans for residents of up to $1,800, for the purchase and installation of solar hot water systems.
An interest free loan is provided to residents for a period of 12 months. Residents will have to pay a deposit upfront to their chosen solar hot water supplier, with regular repayments by the resident required over the 12 months.
