Victoria Government’s Re-election Promise of Solar Battery Rebate

A Re-Election Promise of a Home Battery Rebate Scheme for Victoria Home Owner-Occupiers!

The Victoria Government has announced that if re-elected in November they will introduce a new renewable energy incentive for home owner-occupiers, providing reductions of up to $4,838 on the installation of a battery storage unit, for up to 10,000 homes.

This will be in addition to the Solar Homes Package that was announced in August, providing eligible home owner-occupiers in Victoria reductions on the cost of installing a Solar PV System or Solar Hot Water System.

What is the Home Battery Scheme?

surprised couple
The Home Battery Scheme will allow eligible home owner-occupiers to apply for a 50% rebate (capped at $4,838) on the installation of a battery storage unit. This is only for Victoria residents who already have a Solar PV System and have not claimed on the Solar Homes Package; Solar PV System or Hot Water System Rebate. As prices of batteries come down the rebate will gradually be reduced.

10,000 households are expected to take part and will see a reduction of up to $650 a year on their electricity bills, boosting the savings they are already making with their Solar PV System.

 “This is a game changer for Victorian families fed up with big corporations that have been price gouging and ripping consumers off ever since Jeff Kennett and the Liberals privatised our electricity.” Premier Daniel Andrews

Who Is Eligible?

The Government has stated the eligibility requirements for the Home Battery Scheme will be similar to those that are in place for the current Solar Homes Package.

Requirements are as followed:

  • Household to have a combined income of less than $180,000 per annum before tax
  • Home owner-occupier of a home that is valued at under $3 million

With the additional requirement that you have not purchased your Solar PV System or Solar Hot Water System with the assistance of the Solar Homes Package.

Who Can Install?

Similar to the current eligibility requirements for the Solar Homes Package, providers for the battery storage unit will need to:

  • Be a Clean Energy Council (CEC) Approved Product and use a CEC Accredited Installer
  • Be able to provide a statement that they have NOT received a WorkSafe infringement notice in the past three years

The Victoria Government has stated that “Only “accredited” solar installers will be allowed to work on the State scheme and only safety-approved products will be allowed to be used.”

Victoria Government Announces More Renewable Commitments

On top of the Home Battery Scheme, the Labour Government has announced if re-elected they will commit to building six new renewable energy plants across regional Victoria, generating enough power for 640,000 homes.
The three solar and three wind farms will produce 928 megawatts of power and be built by private companies.

“This is about modernising our electricity grid to help us transition to a more affordable, reliable and clean energy system.”    Minister for Energy Lily D’Ambrosio

What Now?

If you’re a Victoria Resident and have not made the switch to Solar, take advantage of the CURRENT Solar Homes Package that can give you up to $2,225 off a Solar PV System. Along with the Federal Government Rebate (STC) you could be saving approximately 66% of the overall cost for a solar system.

Let’s get you started!

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Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy saving tips and more!

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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.