South Australian Government's Home Battery Scheme
From October this year, 40,000 South Australian households will have access to $100 million in State Government subsidies to pay for the installation of home battery systems.
The Scheme will directly reduce electricity costs for the 40,000 households that purchase a subsidised household energy storage system. In addition, the installation of these systems will reduce demand on the network (especially at peak periods) and in turn lower prices for all South Australians.
Home Battery Scheme subsidy levels
Energy concession holder $600.00 per kilowatt hour (kWh)
All other households $500.00 per kilowatt hour (kWh)
While the subsidy will vary depending on the size of the battery purchased, it will be capped at a maximum of $6000.
The subsidy levels and the subsidy cap are expected to reduce over time as competition in the market increases and the cost of home battery systems goes down.
A set of minimum technical requirements for battery systems has been developed to ensure the batteries are safe, reliable and capable of being recruited into a virtual power plant.
While households will be able to choose whether or not their home battery system operates as part of a virtual power plant, the ability to aggregate household solar and batteries – either now or at a future point in time – creates opportunities to address network issues and smooth loads by balancing out peak power demands.
For more information click here. Alternatively households can call 08 8463 3555.