New Sa Government Subsidy Announced for Solar Batteries and Storage
Have you heard about the SA Government battery subsidy?
Take advantage of SA Government subsidy in Adelaide
From October 2018, South Australians will be eligible to receive considerable subsidy for solar battery system installations, under a new move from the State Government announced in the 2018/19 State Budget. Low interest loans will also be made available for households seeking to install solar panels plus storage in their homes.
What is the Home Battery Scheme?
These initiatives form part of the newly established Home Battery Scheme, which aims to make it easier and cheaper for more homes to switch to solar. The State Government has committed $100 million over the next four years which will subsidise up to 40,000 households’ solar battery systems at up to $6,000 per system. It’s important to note that the Home Battery Scheme is just as the name suggests—for batteries only. However, you’ll also be able to to access finance for new or upgraded solar systems and storage through the Clean Energy Finance Corporation.
What does it mean for me?
It’s worth keeping up to date with politics if you’re in the market for solar or batteries, because this simple move can have a significant impact on your future plans. Just how much you’re discounted will depend on the battery in question, but it can be up to $6,000 for energy concession holders and up to $5,000 to all other South Aussie homes which is based on a $500/kWh subsidy.
Even if you don’t want to install solar in your own home, you may reap the benefits of this move regardless. You see, the subsidy will dramatically increase the number of solar system installations in the immediate future, which will in turn reduce demand on the grid network—particularly during peak periods. The result is cheaper electricity prices for everyone, with or without solar and will further strengthen the reliability of our SA grid network.
How can I access it?
Further details and a website will be released in October. All households, including renters with permission, will be able to access the subsidy to install a VPP-ready battery with a minimum storage capacity of 2.5kWh and a minimum warranty of seven years. Storage systems will also need a minimum 5-year workmanship warranty.
It pays to choose local
What we do know is that there will be priority given to installers and providers who work with systems manufactured and assembled here in South Australia—including a nine-week priority period.
There are further eligibility requirements surrounding exactly who is able to and accredited to install your battery or system, so we recommend that you pre-register your information now and we will keep you informed so that you can take advantage of these subsidies as soon as they become available.
