Why is the Cheaper Home Batteries program a game changer for our energy system?
The Federal Cheaper Home Batteries program offers a ~30% discount* for behind-the-meter batteries from 5 to 50kWh.
* This is an average estimate. Discounts may be higher or lower than 30% depending on the size of the system and other factors.
The Cheaper Home Batteries program will make batteries much more affordable for millions of solar households.
Homes with both solar on the roof and a battery behind the meter will play a significant role in ‘firming’ the grid during peak demand periods, as well as during the middle of the day when the sun is shining.
Currently there are about 250,000 homes with both solar and a battery, but modelling from the Australian Energy Market Operator (AEMO) shows that about one million batteries will be needed by 2030 as we transition away from coal-fired power, and will also reduce the need for expensive gas. This federal rebate will be a game changer in driving uptake to meet one million installations in the five years between 2025 and 2030.