Overview

• The Cheaper Home Batteries Program will subsidize 30% of the cost of home batteries for households, small businesses, and community facilities, starting July 1, 2025.
• The initiative aims to install over 1 million batteries by 2030, supporting Australia’s goal of achieving 82% renewable electricity by 2030 and net zero emissions by 2050.
• Households with rooftop solar and a battery could save between $1,100 and $2,300 annually on energy bills, depending on their setup.
• The subsidy will cover batteries with a capacity of 5 to 50 kilowatt-hours, with the discount rate decreasing over time as battery prices drop.
• The program has drawn criticism from the opposition, which advocates for nuclear power and domestic gas reserves as alternative energy solutions.