05-05-2025
Government's solar rebate plan not what it's cut out to be
A major election promise by Labor was a $2.3 billion Cheaper Home Batteries Program to cut battery costs by about one-third. It is to be done by way of a rebate is based on a battery's usable storage capacity and excludes installation costs. It offers roughly $370 per kilowatt-hour (kWh), equating to about 30% off the battery's base price. For example, a 13.5 kWh Tesla Powerwall 2, priced at around $11,900 (plus installation), would attract a rebate of nearly $5,000.
