South Australian Government's Home Battery Scheme
From October 2018, thousands of South Australian households 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. The installation of the systems will reduce demand on the network (especially at peak periods) and lower prices for all South Australians.
Home Battery Scheme subsidy levels
Energy concession holder $600 per kilowatt hour (kWh)
All other households $500 per kilowatt hour (kWh)
The subsidy varies according to the size of the battery, and is capped at a maximum $6,000.
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 in the future – creates opportunities to address network issues and smooth loads by balancing out peak power demands.
For more information about the Home Battery Scheme click here
Interested householders can call 08 8463 3555