{"id":24165,"date":"2018-09-10T06:44:36","date_gmt":"2018-09-09T20:14:36","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=24165"},"modified":"2024-10-04T06:31:56","modified_gmt":"2024-10-03T21:01:56","slug":"sa-home-battery-subsidy-mb0736","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sa-home-battery-subsidy-mb0736\/","title":{"rendered":"$6,000 Solar Battery Storage Subsidies Up For Grabs In SA"},"content":{"rendered":"
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Image: QuinceMedia<\/a><\/p><\/div>\n

South Australian households will be able to access generous subsidies for the installation of home battery systems from next month, and loans will also be made available for solar panels plus storage.<\/p>\n

As we mentioned last week, $100 million dollars was committed for South Australia’s Home Battery Scheme in the Marshall Government’s State Budget 2018-19<\/a>.<\/p>\n

The Home Battery Scheme aims to support 40,000 households across the state in installing energy storage. While the subsidies apply to battery systems only, finance via the Clean Energy Finance Corporation (CEFC) will also be made available for the purchase of new or upgraded solar power systems<\/a> as well as the unsubsidised energy storage component.<\/p>\n

“The Scheme will directly reduce electricity costs for the 40,000 households that purchase a home battery system,” states the Department of Energy and Mining web site. ” 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.”<\/p><\/blockquote>\n

How Much Is The Battery Subsidy?<\/h2>\n

The subsidy will vary depending on battery capacity and is capped at a maximum of $6,000 per system installed. Energy concession holders will receive a rate of $600 per kilowatt-hour capacity, while all other households will receive $500 per kilowatt-hour.<\/p>\n

It’s expected the subsidy will decrease over time as the cost of solar battery storage<\/a> continues to drop.<\/p>\n

Details regarding the loan aspect will be announced in October. Minister for Energy and Mining Dan van Holst Pellekaan signed a Memorandum of Understanding with the CEFC last week to deliver a $100m CEFC funding package for the loans.<\/p>\n

“The CEFC has supported investment in home and commercial solar PV and battery storage systems as a way to reduce energy-related emissions,” said<\/a> CEFC CEO Ian Learmonth. “We are pleased that this new arrangement with the SA Government, once finalised, will allow South Australians to access tailored finance for their home energy storage systems.\u201d<\/p><\/blockquote>\n

How Do You Get The Subsidy?<\/h2>\n

In October, a web site will be launched to assist homeowners in accessing the subsidy and applying for finance if that is required.<\/p>\n

UPDATE October 30<\/strong>: The Home Battery Scheme is now open for applications – but those considering jumping in early should read this first<\/a>.<\/p>\n

Home Battery Scheme Subsidy Eligibility<\/h2>\n