Labor candidate for Dawson, Neil Wallace welcomed the policy announcement that a re-elected Albanese Labor Government will make batteries cheaper, with a 30 per cent discount on a typical installed battery through the Cheaper Home Batteries Program.
From 1 July 2025, there will be a 30 per cent discount on installing a typical virtual power plant-ready battery system alongside new or existing rooftop solar - with over 1 million installations expected by 2030.
Discounts will be based on the size of the system, with support for the first 50 kWh of usable capacity for eligible batteries sized up to 100 kWh – meaning batteries appropriate for small businesses and community facilities will also be eligible.
These batteries could save a household with existing rooftop solar up to $1,100 off their power bill every year, and $2,300 a year for households installing a new solar and a battery system.
The absolute value of the discount will decline over the next five years in line with expected battery cost reduction, in the same way discounts have tapered as the cost of rooftop solar has reduced.
The program will put downward pressure on bills by fully funding discounts by accredited installers. There is no cost to any other billpayer and everyone, battery or not, gets cheaper bills.
The initiative is expected to slash energy bills for households, small businesses and community facilities by up to 90 per cent.
Labor's plan is in stark contrast to Peter Dutton, who will cut critical services to pay for his $600 billion nuclear plan, driving up household energy bills by hundreds of dollars this decade alone and up to $1,200 when reactors are finally built.
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