Available to 40,000 households, South Australian’s can now access $100 million in State Government subsidies to help pay for the installation of home battery systems.
The subsidy levels and cap will now start decreasing from 15 April 2020, and will continue to decrease over time as uptake of the Scheme increases.
With an additional $100 million provided by the Clean Energy Finance Corporation, finance is also available through RateSetter to help households pay for the balance of the subsidised battery and new or additional solar if required.
Subsidy applications that were conditionally approved before 15 April 2020 are eligible for the Step One subsidy levels and cap, provided the approved home battery system is installed within the timeframes outlined in the Scheme’s Subsidy Terms of 12 months for new builds and six months for all other properties.
The applications lodged on 15 April 2020 onwards are eligible for the Step Two subsidy. and calculated on the kilowatt hour capacity of the battery purchased. Furthermore, Energy Concession Holders are eligible for a higher subsidy, ensuring low-income households are supported to access the Scheme.
Home Battery Scheme subsidy Step Two
|Energy concession holder||All other households|
|$400.00 per kilowatt hour (kWh)||$300.00 per kilowatt hour (kWh)|
Save up to $4,000 on the cost of a home battery the subsidy will vary depending on the size of the battery, it is capped for everyone at a maximum of $4,000 per battery installed.