by Sophie Vorrath, One Step Off The Grid
Federal Labor has unveiled plans to create a virtual power plant of solar schools across Australia, through $1 billion government loans scheme that would help schools to invest in rooftop panels and/or battery storage.
The Solar Schools program, announced on Tuesday, would allocate up to $1 billion in Clean Energy Finance Corporation funds to provide concessional loans for the purchase – or upgrade – of both solar panels and battery systems, either by schools or VPP project developers.
The idea is not only to slash the power costs of schools –by between $89,000 and $120,000 annually for large schools around the country, as estimated in the table below – but to use the network of solar and battery systems to deliver electricity and other services to the grid.
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