About Subsidies for household energy storage systems
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6 FAQs about [Subsidies for household energy storage systems]
Will state aid be available for large-scale electricity storage systems?
In autumn 2024 two draft regulations were published regarding state aid for large-scale electricity storage systems (BESS), one from the Modernisation Fund (“MF ”) 1 - and the second under the National Recovery and Resilience Plan (“RRP ”) 2.
What is the household energy upgrades fund?
"Through our Household Energy Upgrades Fund, we're providing $1 billion to help Australian home owners lower their energy bills through discounted green loans for energy upgrades, such as solar panels and batteries." Subscribe to our ABC NewsMail bringing you breaking news from overnight, plus a heads-up on the stories that will shape your day.
What is the Smart Energy Council's national subsidy scheme?
The Smart Energy Council, a peak body for the renewable energy industry, is calling for a national subsidy of $350 per kilowatt-hour (kWh). Smart Energy Council CEO John Grimes is calling for a national subsidy scheme for the installation of household batteries. (ABC News: Tobias Hunt)
Should solar subsidies be increased?
"If they want to promote green energy, it is really good to increase the subsidies right now … If they can increase it, that will be great for everyone." Energy experts spoken to for this story say increased subsidies, not loans, will be the best way to increase the uptake of solar batteries.
Will increased subsidies increase the uptake of solar batteries?
Energy experts spoken to for this story say increased subsidies, not loans, will be the best way to increase the uptake of solar batteries. A spokesperson for the federal minister for climate change and energy Chris Bowen said in a statement:
How many home battery storage systems are there?
That brings the total of home battery storage systems across the country to more than 320,000, according to solar energy consultancy SunWiz. Chris Williams, CEO of Natural Solar, a company that now installs about 100 batteries a week, says the reduction in solar feed-in tariffs has been a tipping point for many of his customers.
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