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Solar Battery Rebates in Victoria | Solar Homes Program

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Solar battery rebates in Victoria will be rolled out as part of the Andrews’ government’s $1.34b Solar Homes program. The program also includes half price solar panels for 650,000 households and a $1,000 discount on solar hot water installation for 60,000 households. 

Solar Battery Rebates in Victoria – Solar Homes Program

Solar Battery Rebates in Victoria
Solar Battery Rebates in Victoria (source: solar.vic.gov.au)

Victorian home owners who fit the criteria (it’s means tested) will get a 50% rebate to install battery storage. The rebate will be capped at $4838 in the first year and will slowly decrease to $3714 by 2026, factoring in the inevitability that prices will decrease and energy storage technology will improve. The Age are reporting that this policy will cost an estimated $40m, with around 10,000 Victorian households expected to take advantage of the fantastic subsidy offer. 

According to the SBS, it’s part of Labor’s wider plan to increase renewable energy use and decrease the cost of living – with the plan being to work with energy distributors and invest $10m to help ‘renewable-proof’ the state grid over the next ten years. 

“This is a game changer for Victorian families fed up with big corporations that have been price gouging and ripping consumers off,” Premier Daniel Andrews said.

“Only Labor will put solar panels, solar hot water or solar batteries on 720,000 homes – saving Victorians thousands of dollars on their electricity bills with renewable energy.”

Solar Homes Victoria Subsidy Breakdown

We’ve previously written about Labor’s half price solar for Victorians scheme- looks like there are some great plans coming to fruition for the state. 

Solar Panels – $1.2b for 50% of solar system installation costs for 650,000 homes.

Solar Hot Water – $60m for $1000 subsiddies to install solar hot water.

Solar Batteries – $40m for 50% of solar battery installation costs for ~10,000 homes.

It’ll be very interesting to see how these solar battery rebates work in Victoria and if the other states (especially the ones with a high solar panel update) follow suit. Watch this space – we’ll keep you updated! 

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Western Australia Solar Subsidies may be cut – Wyatt

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Western Australia Solar Subsidies look like they’re in the firing line right now – with Energy Minister Ben Wyatt advising that he supports either completely scrapping or winding back rooftop solar panel subsidies.

Western Australia Solar Subsidies

Western Australia Solar Subsidies - Synergy
Western Australia Solar Subsidies – Synergy (source: synergy.net.au)

Earlier this year the Australian Competition and Consumer Commission called to axe rooftop solar subsidies Australia-wide by 2021. Ben Wyatt said he has asked the Public Utilities Office to have an in depth look about the buyback scheme which could probably do with a bit of an overhaul, or at least a step in the right direction, technology wise.

“While the cost of solar PV systems has reduced significantly since the introduction of the Renewable Energy Target and is now considered economically viable in the absence of government subsidy, the implications of such a change need to be fully thought through, including the impact on the local solar industry,” Mr Wyatt said.

In WA, Synergy currently pays a feed-in tariff of 7.1c/kW to 240,000 households with solar – and over 70,000 customers entitled to the premium solar feed-in tariff which is 40c/kW (there’s no indication that the gov’t is looking at winding back the premium FIT). This is known as the Renewable Energy Buyback Scheme (REBS). Mr Wyatt said that Synergy are paying ‘over the odds’ for this power during hte middle of the day, when demand is low and output high. If you’d like to learn more about WA’s unique energy situation please have a look at this article.

We’re all for furthering the cause of solar, but is it worth taking a look at maybe moving some of the subsidies and tariffs towards energy storage rather than energy generation?

Ray Challen, who was the top energy adviser as the head of the Public Utilities Office up until the end of last year, said he thinks it’s time to consider the best way to continue improving our renewable generation:

“The reason for subsidising any form of behaviour is to produce some sort of greater social good, and it would be difficult to say at the moment that there is a greater social good from subsidising small-scale solar because people could do it anyway,” Mr Challen said. “Not only that but if you wanted to subsidise anything in the power sector then you would be probably subsidising batteries.”

So will we have a solar battery subsidy? It’s hard to say at this point, but many people are talking about making a change to the way we currently reward solar generators. Would a carefully managed solar battery rebate help? Watch this space…

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Is There A Solar Battery Rebate In Australia?

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We’ve heard whispers of a solar battery rebate doing the rounds. Is Australia about to see its own energy storage subsidy, and, if so, how would the potential rollout of that be implemented?

Solar Battery Rebate in 2018

Solar Battery Rebate in Australia - Tesla Powerwall
Solar Battery Rebate in Australia – Will it include the Tesla Powerwall 2?

We’ve written about solar battery growth before – the sector has seen a sharp rise in 2017 which has continued into 2018. Will the government consider incentivising households and businesses to install energy storage, helping add stability to the grid, lower skyrocketing electricity costs and assist Australia in reaching our Renewable Energy Target? Time will tell. States like Queensland already have the Affordable Energy Program where 5,000 Queenslanders will see an interest-free loan for solar systems/battery storage, so a scheme just for storage doesn’t seem out of the question.

Whilst nothing official has been announced yet, there are plenty of whispers about the government playing with solar power rebates – feed-in-tariffs are dropping sharply. Will we see discounted deals on solar batteries? As they’re not currently at the point where ROI (Return On Investment) is ubiquitously positive, energy storage uptake in Australia is still finding its feet. If the government gives it a boost how much will that cost and what kind of value do we put on the financial/social impact of embracing renewable energy?

In the United States, The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30% of the cost of installing a solar energy system from your taxes. The ITC applies to residential and commercial systems, and there is no cap on how much you can spend. Should Australia try something like this, or is our current system more effective?

Solar Rebates/Subsidies In 2018 

Here are some of the various offers federal/state government are using to try and get people to embrace solar. Any questions about a specific scheme? Please leave a comment below and we’d be happy to look into your query.

In terms of batteries, we don’t have a specific incentive to install it, either as an add-on to existing solar system or as part of a new system.The Battery Energy Storage System incentive provides eligible South East Queensland households with a one-off $50 payment for registering eligible systems on the Queensland Government battery storage database.

Please note that information about rebates and subsidies can go out of date quite quickly so ensure you double check before purchasing – you can learn more about current available solar rebates in Australia by visiting the “Your Energy Savings” website, which has been set up by the federal government – simply click here to visit! 

Interested in learning more about solar batteries available in Australia? Click to learn more about Tesla Powerwall competitors and alternatives.

In the meantime, we’re still waiting to see what sort of battery rebate may be offered. Since Australia already has a very strong solar panel presence, it makes sense to work on maximising storage as well as generation.

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