This blog post was accurate at the time of publishing. However, programs, policies and rebates may have changed since then. We recommend checking our website or contacting us directly for the most current information on 1300 430 917.
The Australian federal government has unveiled a promise to make home battery systems more affordable for households and businesses. This initiative aims to help users store the solar energy they generate during the day for use at night, leading to potential savings on electricity bills and promoting cleaner energy use.
What Do We Know
The Labor government, if re-elected, is offering a 30% discount on the cost of installing a home battery system. The discounts will be backdated from the 6th April 2025. Any batteries installed will be eligible for the discount from July 1 provided Labor are elected.
What Does This Mean
For example, if a battery system costs $10,000, you would pay only $7,000 after the discount. The goal is to encourage more households and businesses to install batteries, with a target of one million new installations by 2030.
What’s The Minimum And Maximum Discount?
The minimum eligible battery size is 5kwH, which will incur a $1,850 discount. The maximum eligible battery size is 50kwH, which will incur a $18,500 discount (batteries up to 100kwH are eligible, but you will only receive the incentive based on the maximum of 50kwH).
The discount will be applied on installing virtual power plant (VPP) ready battery systems installed alongside new or existing rooftop solar until 2030. It will reduce over time in line with expected battery costs.
How Do Home Batteries Work?
Home batteries store excess energy produced by your solar panels during the day. Instead of sending this surplus energy back to the grid for a small payment, you can store it and use it in the evening or during cloudy periods. This reduces your reliance on electricity from the grid and can lead to significant savings on your power bills.
Potential Savings for Households and Businesses
By installing a battery system, households can save up to $1,100 annually on electricity bills. If you install both a solar system and a battery, the savings could be as much as $2,300 per year. These savings come from using your own stored energy instead of purchasing electricity from the grid.
Why Is This Important?
With more households and businesses using solar energy, there’s often an excess of power generated during the day, leading to lower payments for energy sent back to the grid. By storing and using your own solar energy, you can maximise the benefits of your solar panels and reduce your electricity costs.
Considerations Before Installing a Battery
Before deciding to install a battery, consider the following:
- Upfront Costs: Even with the discount, installing a battery requires an initial investment. Assess your budget and financing options.
- Energy Usage: Evaluate your household’s or business’s energy consumption to determine if a battery system will provide significant benefits.
- Space Requirements: Ensure you have adequate space for the battery installation.
- Product Research: Look into different battery brands and models to find one that suits your needs.
This initiative offers an opportunity for households and businesses to take control of their energy usage, reduce electricity bills, and contribute to a more sustainable environment.
How to Get Started:
Thinking of taking advantage of the new battery subsidy? Here’s how to get the ball rolling:
- Check if You’re Eligible
The 30% discount will be available through a government-backed program. Details are still being finalised, but eligibility will likely depend on factors like whether you have existing rooftop solar and your location. Keep an eye on official announcements for rollout dates and requirements.
- Understand Your Energy Usage
Review your electricity bills or talk to an energy expert to understand how much energy you use and when. This helps determine what size battery system is right for you.
- Speak to a Trusted Installer
Reach out to a certified installer who can:
- Recommend the right battery for your setup
- Explain your options clearly
- Handle the paperwork and installation professionally
- Explore Financing Options
Even with the discount, a battery is still an investment. Some providers offer flexible payment plans or low-interest green loans to help make it more accessible.
- Book Your Installation & Start Saving
Once you’re ready, your installer will handle the install and help get you connected. After that, you’ll start storing your solar energy and cutting down your bills
