SA Home Battery Subsidy To Reduce April 15th

 

The South Australian Home Battery Scheme subsidy will reduce as of April 15th.

Currently, the Home Battery Scheme offers subsidies as high as $6,000 towards adding a battery to a residential solar power system at eligible households in South Australia.

The amount a household can claim through the scheme is calculated per kilowatt-hour of the battery.

sa battery subsidy reducing

According to the Government of South Australia since the launch of the Home Battery Scheme in October 2018, the uptake has been very positive, with the number of subsidy applications being made each month rapidly accelerating towards the end of 2019.

If you manage to have your application lodged and conditionally approved before Wednesday 15 April 2020 you will be eligible for the current subsidy rate.

Any applications after April 15th will only be eligible for the reduced subsidy capped at $4,000.

SA home battery subsidy

South Australia Home Battery Scheme

If you don’t already know about the Home Battery Scheme lets get you up to speed! The Home Battery Scheme enables households with Solar PV Systems to purchase a battery storage system at a reduced cost, using Government subsidies.

Having a battery storage system provides households with the ability to store excess energy generated from their Solar PV System. Subsidies are only available for the battery storage component of a Solar PV System.

Homes that do not have a Solar PV System installed are able to apply for Finance Loans through Clean Energy Finance Corporation (CEFC) and RateSetter to assist in purchasing the system and then will be able to apply for the Home Battery Scheme subsidy for the battery storage component.

Learn more about the South Australia Home Battery Scheme Here.

Are you interested in installing a battery while the subsidy is still high?
Request obligation-free quotes from local South Australian solar installers today!

Request 3 FREE Solar or Battery Quotes

 

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.