More Central Coast families will be able to plug into the sunshine and cut their power bills thanks to Labor’s Household Battery Program, a key part of our plan for more renewables and cheaper power.
Labor has announced a target of one million household battery installations across Australia by 2025.
We will make available a rebate of $2000 for households with incomes of less than $180,000 per year, and low-cost loans will also be available, to reach the target.
I am pleased to confirm that many Central Coast households will be eligible for the battery rebate which will help families to make the switch to solar energy and cut their power bills.
Electricity bills have skyrocketed in recent years. New solar panels on your roof plus a battery system will allow many homes to save more than 60 per cent off their power bills.
Residents have told me they have not been able to purchase a battery system because of the high upfront cost which is why Labor has decided to help households make the switch to affordable, renewable power.
The rebate is limited to one battery system per home, and will not be available to households that have received subsidies from state schemes.
The program will be reviewed after two years, given projected falls in battery costs and to assess progress towards Labor’s target of one million new battery installations by 2025.
All eligible battery systems and installers will need to meet the highest safety and product standards. Eligible batteries must meet the Australian standard under the Clean Energy Council Battery Assurance or equivalent program, be installed by an accredited battery installer and purchased from an Approved Solar Retailer (an ACCC authorised program).
Labor will invest an additional $10 million over four years to 2022-23 to boost the Clean Energy Regulator’s auditing and inspection regime focused on battery systems.
Batteries reduce electricity prices for all Australians by reducing peak demand in the grid and have system-wide reliability benefits.
Labor will also invest $10 million in a Clean Energy Training Fund (over four years to 2022-23) to support the training of workers in clean energy industries, from solar and battery installers, to energy management system professionals.