Household battery storage incentive schemes: What’s available and where – One Step Off The Grid

For households, the program of most interest is the proposed $500 per kilowatt-hour (kWh) incentive for battery storage systems up to 4kWh – or a maximum subsidy of $2,000 per system.

The ALP says it will commit $200 million for up to 100,000 households; the party says this will be a stepping stone in a roadmap towards one million home battery systems by 2025.

Households will not be allowed to ‘double dip’ into both state and federal incentives, and most of the state-based programs are more generous than the federal proposal. This means that if it comes into effect this program may become the default fallback option for homes in states without a dedicated battery program – a catch-all for the left-behinds.

Other components of the party’s broad-reaching energy platform include a $5 billion ‘Energy Modernisation Fund’ administered by the Clean Energy Finance Corporation (CEFC), a 50% renewable energy target by 2030, and support for community-based energy programs. Labor is also promising to take up the National Energy Guarantee as the framework for its energy policy if elected.

Federal (proposed)

The federal Labor party made headlines last week with its announcement of a suite of initiatives supporting battery storage & renewable energy with the stated triple goal of a) reducing emissions, b) lowering electricity prices, and c) improving energy system reliability.

For households, the program of most interest is the proposed $500 per kilowatt-hour (kWh) incentive for battery storage systems up to 4kWh – or a maximum subsidy of $2,000 per system. The ALP says it will commit $200 million for up to 100,000 households; the party says this will be a stepping stone in a roadmap towards one million home battery systems by 2025.

Households will not be allowed to ‘double dip’ into both state and federal incentives, and most of the state-based programs are more generous than the federal proposal. This means that if it comes into effect this program may become the default fallback option for homes in states without a dedicated battery program – a catch-all for the left-behinds.

Other components of the party’s broad-reaching energy platform include a $5 billion ‘Energy Modernisation Fund’ administered by the Clean Energy Finance Corporation (CEFC), a 50% renewable energy target by 2030, and support for community-based energy programs. Labor is also promising to take up the National Energy Guarantee as the framework for its energy policy if elected.

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Source: https://onestepoffthegrid.com.au/battery-incentive-programs-around-australia-existing-proposed/

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