Labor’s back in power, and now the battery rebate is locked in.

From July 1, Australians will be able to knock about $4,000 off a home battery. The goal? A million new batteries by 2030. Based on the number of quote requests we’ve seen at SolarQuotes, up 5x since election night, this is going to move the needle fast.

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Labor’s Cheaper Home Batteries Program only begins in July, but a promise that Australians can get a battery now and claim the rebate later has triggered a rush on installers. There’s just one problem: the rebate technically doesn’t exist yet, and neither does the fine print. Here’s why you should tread carefully.
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Labor’s election win means its $2.3bn Cheaper Home Batteries Program campaign promise is set to become reality. But which are the best brands to get under this new battery rebate, and how big are the savings?

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It didn’t take long for over-enthusiastic marketers and dodgy players to start distorting the nature of Labor’s proposed federal government battery rebate scheme in their advertising. [Read more…]

There’s plenty of understandable excitement about Labor’s Cheaper Home Batteries Program election pitch. What I’m not so excited about is subsidising a wave of suburban survival-of-the-fittest types to disconnect from a grid that urgently needs more storage.

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Just $999 for a fully installed 10 kW solar panel and 10 kWh battery system in Victoria? If only it were so – the real cost is much, much more. [Read more…]

Every week without fail we see multiple comments, quotes or exasperated exclamations along these lines;

“BUGGER THIS; I’M GOING OFF GRID..!”

It’s a natural reaction to a nasty power bill and expresses a desire to be independent and free of obligation. But becoming your own power company is expensive, fraught with risk and really doesn’t make sense.

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Credit where it’s due: Labor’s proposed home battery rebate is the right policy at the right time — for the most part.

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Federal Attorney-General Mark Dreyfus spruiks Labor’s Cheaper Home Batteries Program.

Labor’s election promise of a federal battery incentive is eye-catching enough on its own, but especially lucrative is how it can potentially be combined with state-level schemes. We’ve run the numbers to calculate the savings from double-dipping, and they’re big — but so are the potential issues.

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Minister for Climate Change and Energy Chris Bowen spruiks Labor’s battery election promise.

Federal Labor has vowed to slash the cost of purchasing and installing a new home battery by 30%, under a $2.3 billion plan that forms a key part of its re-election pitch.
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