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Get notifiedOff The Press: Cheaper Home Batteries Labor Election Announcement
The Albanese Labor Government announced a key election policy the $2.3 billion Cheaper Home Batteries Program. Now that the Labor government has been elected the policy will see the typical cost of a battery be reduced by 30% and over one million new batteries are expected to be installed by 2030. Analysis by the government shows houses will generate energy savings greater than $1,100 per year as well as reducing reliance on the grid.
Key program details - what we know so far:
- Launch Date: 1 July 2025
- Target: Installation of over one million new batteries by 2030.
- Key Dependency:: Labor Government must win the election on Saturday 3 May or the Opposition must match the policy.
- Implementation: Delivered through the existing Small-scale Renewable Energy Scheme (SRES).
- Subsidy: $370 per kwh or approximately 30% off the upfront cost, saving around $4,000 on a typical battery.
- Eligibility: Households, small businesses, and community facilities​.
- Battery Capacity: 5–50 kWh for homes, and up to 100 kWh for businesses and community facilities
- Requirement: Batteries must be Virtual Power Plant (VPP) enabled.
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