Latest news with #CheaperHomeBatteries
AU Financial Review
01-08-2025
- Business
- AU Financial Review
Home battery bonanza to blow through budget forecasts
The Albanese government is set to exhaust the $2.3 billion it has allocated to subsidise the cost of home battery installations well before the planned end of its scheme, new analysis shows, as Australians rush to make the most of the generous program. The huge uptake of Labor's Cheaper Home Batteries scheme since July 1 has smashed expectations, according to consumer comparison site SolarQuotes, in a development that could have broader benefits for Australia's energy transition.
Perth Now
29-06-2025
- Business
- Perth Now
West Aussies sign up for solar battery rebate scheme
More than 23,000 West Australians have registered their interest to install a solar battery in their homes before a scheme offering a $5000 rebate and interest-free loans has even opened. The State-Federal plan officially opens on Tuesday for up to 100,000 households, with West Aussies who have already registered their expression of interest also receiving an email with further details the same day. Energy Minister Amber-Jade Sanderson said the strong interest showed many people saw the financial and environmental benefits of solar power. 'We have some of the biggest uptake of household solar of anywhere in the world,' Ms Sanderson said. 'There are times in our grid when it is run by 80 per cent of households' solar. 'We need households to be able to harness that energy and we need the system to be able to access that energy in the battery as well. That's why we have made this commitment to provide rebates to households.' Prior to the March State election, the Cook Government made a $387 million commitment to offer West Aussies the $5000 rebate to purchase and install a home battery, with regional households able to access up to $7500. It was initially going to be made available to 20,000 homes across the State, along with a no-interest loan of $10,000. But this has now expanded to 100,000 households by hooking up with the Federal Government's Cheaper Home Batteries scheme, which will see successful applicants receive the $5000 rebate, with the State Government contributing $1300 per household. No-interest loans up to $10,000 for households with a combined annual income of less than $210,000 will also be provided, with loan repayments periods of up to 10 years. According to Government estimates, households can save about $1500 annually by installing a battery and solar panels. 'People should go to the WA Residential Rebate Scheme web page,' Ms Sanderson said. 'It contains all the information about how to apply for the rebates and the no-interest loans and how the scheme works. 'And there will be information on accredited battery retailers and installers, and approved products. Customers must choose from those accredited retailers and installers.' The average sized battery system costs around $10,000 to $12,000 to purchase and install.
Perth Now
28-06-2025
- Business
- Perth Now
West Aussies sign up for solar battery rebate scheme before plan rolls out on Tuesday
More than 23,000 West Australians have registered their interest to install a solar battery in their homes before a scheme offering a $5000 rebate and interest-free loans has even opened. The State-Federal plan officially opens on Tuesday for up to 100,000 households, with West Aussies who have already registered their expression of interest also receiving an email with further details the same day. Energy Minister Amber-Jade Sanderson said the strong interest showed many people saw the financial and environmental benefits of solar power. 'We have some of the biggest uptake of household solar of anywhere in the world,' Ms Sanderson said. 'There are times in our grid when it is run by 80 per cent of households' solar. 'We need households to be able to harness that energy and we need the system to be able to access that energy in the battery as well. That's why we have made this commitment to provide rebates to households.' Prior to the March State election, the Cook Government made a $387 million commitment to offer West Aussies the $5000 rebate to purchase and install a home battery, with regional households able to access up to $17,500. It was initially going to be made available to 20,000 homes across the State, along with a no-interest loan of $10,000. But this has now expanded to 100,000 households by hooking up with the Federal Government's Cheaper Home Batteries scheme, which will see successful applicants receive the $5000 rebate, with the State Government contributing $1300 per household. No-interest loans up to $10,000 for households with a combined annual income of less than $210,000 will also be provided, with loan repayments periods of up to 10 years. According to Government estimates, households can save about $1500 annually by installing a battery and solar panels. 'People should go to the WA Residential Rebate Scheme web page,' Ms Sanderson said. 'It contains all the information about how to apply for the rebates and the no-interest loans and how the scheme works. 'And there will be information on accredited battery retailers and installers, and approved products. Customers must choose from those accredited retailers and installers.' The average sized battery system costs around $10,000 to $12,000 to purchase and install.
West Australian
28-06-2025
- Business
- West Australian
West Aussies sign up for solar battery rebate scheme before plan rolls out on Tuesday
More than 23,000 West Australians have registered their interest to install a solar battery in their homes before a scheme offering a $5000 rebate and interest-free loans has even opened. The State-Federal plan officially opens on Tuesday for up to 100,000 households, with West Aussies who have already registered their expression of interest also receiving an email with further details the same day. Energy Minister Amber-Jade Sanderson said the strong interest showed many people saw the financial and environmental benefits of solar power. 'We have some of the biggest uptake of household solar of anywhere in the world,' Ms Sanderson said. 'There are times in our grid when it is run by 80 per cent of households' solar. 'We need households to be able to harness that energy and we need the system to be able to access that energy in the battery as well. That's why we have made this commitment to provide rebates to households.' Prior to the March State election, the Cook Government made a $387 million commitment to offer West Aussies the $5000 rebate to purchase and install a home battery, with regional households able to access up to $17,500. It was initially going to be made available to 20,000 homes across the State, along with a no-interest loan of $10,000. But this has now expanded to 100,000 households by hooking up with the Federal Government's Cheaper Home Batteries scheme, which will see successful applicants receive the $5000 rebate, with the State Government contributing $1300 per household. No-interest loans up to $10,000 for households with a combined annual income of less than $210,000 will also be provided, with loan repayments periods of up to 10 years. According to Government estimates, households can save about $1500 annually by installing a battery and solar panels. 'People should go to the WA Residential Rebate Scheme web page,' Ms Sanderson said. 'It contains all the information about how to apply for the rebates and the no-interest loans and how the scheme works. 'And there will be information on accredited battery retailers and installers, and approved products. Customers must choose from those accredited retailers and installers.' The average sized battery system costs around $10,000 to $12,000 to purchase and install.
The Advertiser
12-06-2025
- Business
- The Advertiser
Sun sets on another state's solar home battery rebate
The scrapping of a $2500 solar panel sweetener has been defended by a state energy minister after critics labelled the move a "slap in the face". As a federal battery subsidy kicks in on July 1, NSW will replace its home battery installation rebate with a smaller incentive to create more virtual power plants. The move comes as other states power down their own battery incentives. Virtual power plants connect solar-powered batteries owned by households and small businesses to the grid, allowing owners to generate ongoing revenue by selling the excess energy stored in their battery when demand is high. The NSW government argues households and businesses will benefit by stacking the new scheme - worth up to $1500 - on top of the federal program, which slashes up-front costs by about 30 per cent. "The real value of virtual power plants is that we don't waste energy that's in the batteries," NSW Energy Minister Penny Sharpe told AAP on Thursday. But renewable energy advocacy group Solar Citizens said ditching the state battery subsidy on June 30 was a "slap in the face" for solar panel owners. They were promised up to $2500 in addition to the federal program if they invested in a home battery. "This surprise decision is a blow to solar-home owners planning to buy a home battery in coming months," the group's chief executive Heidi Lee Douglas said. She described the rebate's removal as a "betrayal" of the Labor government's election promise of the federal Cheaper Home Batteries program, which can be topped up with state rebates. "We designed the Cheaper Home Batteries program to be stackable with state incentives, and it is," a spokesperson for Energy Minister Chris Bowen told AAP. The $2.3 billion federal government scheme will subsidise the up-front cost of installing eligible small-scale battery by about 30 per cent from July 1. In Western Australia, solar battery customers are still able to receive both federal and state battery subsidies starting from July. But NSW follows other states turfing battery sweeteners. Victoria ended an interest-free solar battery loan worth $8800 in May while Queensland closed its $4000 battery rebate in December. Australia has the highest take-up of rooftop solar in the world, with panels on more than two million homes providing about 13 per cent of electricity needs for the national grid in the past year. The nation could slash $4 billion a year off power bills by the end of the decade if households embrace solar batteries in larger numbers, a Climate Council report found. The scrapping of a $2500 solar panel sweetener has been defended by a state energy minister after critics labelled the move a "slap in the face". As a federal battery subsidy kicks in on July 1, NSW will replace its home battery installation rebate with a smaller incentive to create more virtual power plants. The move comes as other states power down their own battery incentives. Virtual power plants connect solar-powered batteries owned by households and small businesses to the grid, allowing owners to generate ongoing revenue by selling the excess energy stored in their battery when demand is high. The NSW government argues households and businesses will benefit by stacking the new scheme - worth up to $1500 - on top of the federal program, which slashes up-front costs by about 30 per cent. "The real value of virtual power plants is that we don't waste energy that's in the batteries," NSW Energy Minister Penny Sharpe told AAP on Thursday. But renewable energy advocacy group Solar Citizens said ditching the state battery subsidy on June 30 was a "slap in the face" for solar panel owners. They were promised up to $2500 in addition to the federal program if they invested in a home battery. "This surprise decision is a blow to solar-home owners planning to buy a home battery in coming months," the group's chief executive Heidi Lee Douglas said. She described the rebate's removal as a "betrayal" of the Labor government's election promise of the federal Cheaper Home Batteries program, which can be topped up with state rebates. "We designed the Cheaper Home Batteries program to be stackable with state incentives, and it is," a spokesperson for Energy Minister Chris Bowen told AAP. The $2.3 billion federal government scheme will subsidise the up-front cost of installing eligible small-scale battery by about 30 per cent from July 1. In Western Australia, solar battery customers are still able to receive both federal and state battery subsidies starting from July. But NSW follows other states turfing battery sweeteners. Victoria ended an interest-free solar battery loan worth $8800 in May while Queensland closed its $4000 battery rebate in December. Australia has the highest take-up of rooftop solar in the world, with panels on more than two million homes providing about 13 per cent of electricity needs for the national grid in the past year. The nation could slash $4 billion a year off power bills by the end of the decade if households embrace solar batteries in larger numbers, a Climate Council report found. The scrapping of a $2500 solar panel sweetener has been defended by a state energy minister after critics labelled the move a "slap in the face". As a federal battery subsidy kicks in on July 1, NSW will replace its home battery installation rebate with a smaller incentive to create more virtual power plants. The move comes as other states power down their own battery incentives. Virtual power plants connect solar-powered batteries owned by households and small businesses to the grid, allowing owners to generate ongoing revenue by selling the excess energy stored in their battery when demand is high. The NSW government argues households and businesses will benefit by stacking the new scheme - worth up to $1500 - on top of the federal program, which slashes up-front costs by about 30 per cent. "The real value of virtual power plants is that we don't waste energy that's in the batteries," NSW Energy Minister Penny Sharpe told AAP on Thursday. But renewable energy advocacy group Solar Citizens said ditching the state battery subsidy on June 30 was a "slap in the face" for solar panel owners. They were promised up to $2500 in addition to the federal program if they invested in a home battery. "This surprise decision is a blow to solar-home owners planning to buy a home battery in coming months," the group's chief executive Heidi Lee Douglas said. She described the rebate's removal as a "betrayal" of the Labor government's election promise of the federal Cheaper Home Batteries program, which can be topped up with state rebates. "We designed the Cheaper Home Batteries program to be stackable with state incentives, and it is," a spokesperson for Energy Minister Chris Bowen told AAP. The $2.3 billion federal government scheme will subsidise the up-front cost of installing eligible small-scale battery by about 30 per cent from July 1. In Western Australia, solar battery customers are still able to receive both federal and state battery subsidies starting from July. But NSW follows other states turfing battery sweeteners. Victoria ended an interest-free solar battery loan worth $8800 in May while Queensland closed its $4000 battery rebate in December. Australia has the highest take-up of rooftop solar in the world, with panels on more than two million homes providing about 13 per cent of electricity needs for the national grid in the past year. The nation could slash $4 billion a year off power bills by the end of the decade if households embrace solar batteries in larger numbers, a Climate Council report found. The scrapping of a $2500 solar panel sweetener has been defended by a state energy minister after critics labelled the move a "slap in the face". As a federal battery subsidy kicks in on July 1, NSW will replace its home battery installation rebate with a smaller incentive to create more virtual power plants. The move comes as other states power down their own battery incentives. Virtual power plants connect solar-powered batteries owned by households and small businesses to the grid, allowing owners to generate ongoing revenue by selling the excess energy stored in their battery when demand is high. The NSW government argues households and businesses will benefit by stacking the new scheme - worth up to $1500 - on top of the federal program, which slashes up-front costs by about 30 per cent. "The real value of virtual power plants is that we don't waste energy that's in the batteries," NSW Energy Minister Penny Sharpe told AAP on Thursday. But renewable energy advocacy group Solar Citizens said ditching the state battery subsidy on June 30 was a "slap in the face" for solar panel owners. They were promised up to $2500 in addition to the federal program if they invested in a home battery. "This surprise decision is a blow to solar-home owners planning to buy a home battery in coming months," the group's chief executive Heidi Lee Douglas said. She described the rebate's removal as a "betrayal" of the Labor government's election promise of the federal Cheaper Home Batteries program, which can be topped up with state rebates. "We designed the Cheaper Home Batteries program to be stackable with state incentives, and it is," a spokesperson for Energy Minister Chris Bowen told AAP. The $2.3 billion federal government scheme will subsidise the up-front cost of installing eligible small-scale battery by about 30 per cent from July 1. In Western Australia, solar battery customers are still able to receive both federal and state battery subsidies starting from July. But NSW follows other states turfing battery sweeteners. Victoria ended an interest-free solar battery loan worth $8800 in May while Queensland closed its $4000 battery rebate in December. Australia has the highest take-up of rooftop solar in the world, with panels on more than two million homes providing about 13 per cent of electricity needs for the national grid in the past year. The nation could slash $4 billion a year off power bills by the end of the decade if households embrace solar batteries in larger numbers, a Climate Council report found.
