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.
It is recommended to consult with a qualified local supplier or installer 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?
Government incentives such also rebates and tariffs help improve the financial case for solar and battery purchases. For example, the current solar system rebates (STCs) are Federal Government rebates. There are also government rebates available for home storage battery purchases. But they are State Government rebates and vary from one State to another.
Also, regarding the purchase price, home solar rebates currently cover at least 25% of the purchase price. Solar battery rebates cover a much lower percentage and are inconsistent across Australia. These could be upfront rebates for batteries or demand response programs that reward you with reduced load on the power network.
Some specific examples around Australia include the Victorian Solar Homes Program. This offers battery rebates up to a value of $4,174 per household; South Australia’s Home Battery Scheme offers $3,000; NSW provides an interest-free loan up to $14,000; the NT $6,000 and the ACT a rebate of $825 for each kW of power, up to 30kW or $4,000 in total.
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
In my personal opinion. 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 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 those will be badly needed when EV vehicles become increasingly popular. But, the battery rebate scheme is very 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.