Is Australia ripe for a solar battery subsidy scheme?

Labor has promised to reduce the price of batteries for households, small businesses and community facilities by 30 per cent. Australia is already leading the world on the uptake of rooftop solar, and energy experts say the market is ripe for a similar battery subsidy scheme to maximise the benefits of that sunny at-home energy production.

Are batteries 'off the shelf' in Australia?

Many batteries in Australia are VPP ready ‘off the shelf’, but some will require additional hardware to be installed. Benefits of joining a VPP include: While over four million Australian homes have rooftop solar, only one in forty has a battery.

Are batteries the next big opportunity for Australian households?

Labor argues that while one in three Australian households have solar panels, only one in 40 have a battery, making batteries the next significant opportunity to push down household power bills and reduce reliance on power from the grid.

What does labor's $2.3 billion battery rebate plan mean for Australia?

Labor’s $2.3 billion battery rebate plan aims to make solar battery storage more affordable for Australian households, reducing energy bills, supporting the energy grid, and accelerating Australia’s transition to net zero.

What is the cheaper home batteries subsidy?

The Cheaper Home Batteries subsidy is a 30 per cent up-front discount off the cost of a battery and will be delivered through the same government scheme that provides discounted solar. The program will cost $2.3 billion over the forward estimates and was factored into the recent budget.

Can batteries save Australia's money?

Batteries enable households to rely less on fossil-fuel-powered grid electricity in the evenings, cutting carbon emissions and supporting Australia’s climate goals. If 1 million batteries are installed by 2030, Australian households could collectively save more than $19 billion, according to Smart Energy Council modelling.