Subsidies reduced to $2,000
Since its launch in October 2018, the response to the Home Battery Scheme has been incredibly positive. The Scheme has supported the installation of thousands of home batteries, paved the way for a number of virtual power plants to enter the market, and reduced the average price of a battery system in South Australia.
As a direct result of the Home Battery Scheme and other government-supported programs such as South Australia's Virtual Power Plant and Batteries for Bushfires, there are now over 26,000 batteries installed or approved for installation at homes in South Australia. According to industry analysts Sunwiz, 29% of all home batteries installed in Australia in 2020 were installed at South Australian homes - leading all states and territories.
The Scheme means cleaner, more affordable, reliable power for every household that purchases a system. The installation of these systems also reduce demand on the network (especially during peak periods) and in turn, lower energy prices for all South Australians.
Following continued uptake of the Scheme, the subsidy levels and cap of the Home Battery Scheme have decreased.
What is the current subsidy level?
On 24 September 2021, the Home Battery Scheme subsidy reduced from a maximum subsidy of $3,000 to $2,000 per battery installed.
Approved home battery systems are now eligible for the following Step Four subsidy rates:
Step Four Subsidy
|Energy concession holder||$250 per kWh|
|All other households||$150 per kWh|
|Maximum subsidy per battery installation||$2,000|
Will the subsidy change again?
The subsidy amount will continue to be phased down as uptake of the Scheme increases.