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Government rebates are available in various states in Australia to purchase home storage batteries. These rebates vary in amount and may be offered as upfront discounts or as part of demand response programs that reward homeowners for reducing the load on the power grid.
Some examples of these rebates include the Victorian Solar Homes Program. This offers rebates of up to $4,174 per household and the South Australian Home Battery Scheme. This offers rebates of $3,000. It is also important to note that these rebates are subject to change and may not be available in all states.
Consulting with a qualified local supplier or installer is recommended for more information about available rebates and to receive comprehensive advice on purchasing renewable energy products.
What government rebates are available for solar battery purchases?
Using solar panels and batteries at home is good for the environment and can save you money with government incentives. However, the question is whether or not there are any government rebates to incentivise these purchases. The answer is YES and here’s a breakdown of how these incentives work:
The Federal Government provides crucial support through Solar Credits, also known as Small-scale Technology Certificates (STCs). These certificates translate into tangible solar system rebates, making solar panel systems more financially feasible for homeowners across the country.
State Governments also contribute to the incentive landscape by offering rebates specifically designed for home storage batteries. However, it’s essential to note that the availability and amount of these government rebates can vary significantly from one state to another, emphasising the need to understand the local context.
Solar rebates typically cover a substantial portion of the purchase price, alleviating at least 25% of the overall cost. This makes solar installations an appealing option for those looking to embrace renewable energy solutions for their homes.
In contrast, the solar battery rebate scenario is more nuanced. The percentage covered is generally lower than that for solar, and the consistency across Australia is variable.
Solar battery rebates come in various forms, such as discounts on the purchase price or joining demand response programs. These programs save money and make the power network stronger by reducing electricity use during busy times.
Incentives
Some specific examples of home solar rebates around Australia include the Victorian Solar Homes Program. In South Australia, the rebate is $3,000. In NSW, a loan of up to $14,000 is offered. NT provides a rebate of $6,000.
The ACT gives a government rebate of $825 per kW of power, up to a total of $4,000.
A decent, long-lasting solar storage system may cost, on average, $12,000 to $14,000. Therefore, these incentives should be utilised if available.
Incentives can make it more feasible to use home storage batteries. They either lower the initial cost or boost long-term savings.
Combining battery incentives with expensive electricity. Such as in Australia, which can improve the outlook and overall ROI. We suggest discussing the final details for your area with our authorised recommended Your Energy Partner.
The Federal Government
I believe the Federal Government has to start and develop some leadership here. We need to redesign the solar rebate scheme, which is now becoming a solar and battery combo rebate. As such, a government rebate is much more helpful to back up and support the electricity grid.
That way, we’ll get more home batteries into the electricity grid system. And people will badly need them when electric vehicles become increasingly popular.
But, the battery rebate scheme is extremely fragmented between different states. This means it needs to be reviewed. It needs to be made cohesive so that all residents in Australia are getting a similar incentive that can help them with their cost of living pressures.
