40,000 South Australian households can now access $100 million in State Government subsidies and $100 million in loans to pay for the installation of home battery systems through The SA Home Battery Scheme.
The subsidy is available to all South Australians, with Energy Concession Holders being eligible to a higher subsidy ensuring all South Australians have access to the scheme.
Whilst the subsidy in only applicable to the battery component of the system, eligible households can apply for finance through the Commonwealth Government’s Clean Energy Finance Corporation, to help pay for the balance of the battery and any other components of the system if required.
The subsidy is calculated according to the kilowatt hour size of the battery.
Energy Concession Holder: $600/kw hour
All other households: $500/kw hour
The subsidy will vary depending on the size of the system but is capped at $6,000 per battery installed.
A set of minimum technical requirements for battery systems has been developed to ensure the batteries are safe, reliable and capable of being linked into a virtual power plant.
The ability to aggregate home battery systems – either now or at a future point in time – creates opportunities to address network issues and smooth loads by balancing out peak power demands.
Households are able to choose whether or not their home battery system operates as part of a virtual power plant.