A re-elected Federal Labor Government has promised to make solar batteries cheaper, slashing energy bills for households, small businesses and community facilities by up to 90%.
The $2.3B Cheaper Home Batteries Program will be rolled out from July 1 next year, reducing the cost of a typical installed battery by 30% – with more than one million new batteries expected by 2030.
Analysis by the Department of Climate Change, Energy, the Environment and Water shows a household with existing rooftop solar could save up to $1,100 on its power bill every year, and a household installing a new solar and a battery system could save up to $2,300 a year – up to 90% of a typical family electricity bill.
This will help households reduce reliance on the grid and take back control of their power bill.
There have been four million rooftop solar installations across Australia.
One in three Australian households now has solar – but only one in 40 households has a battery.
Through the scheme, households will be able to purchase a typical battery with a 30% discount on installed costs – saving about $4,000 on a typical battery.
This will help push down peak demand with fewer homes needing to be on the grid at one time, pushing down prices for everyone.
Small businesses and community facilities will also be able to access the subsidy, with support for up to 50 kWh of batteries sized up to 100 kWh eligible.
Federal Member for Robertson Dr Gordon Reid said many people on the Central Coast had raised household battery costs as a concern and a barrier.
“Our policy will make this technology in reach and help reduce electricity prices,” he said.
Be the first to comment on "Labor promises cheaper batteries"