We’ve heard whispers of a solar battery rebate doing the rounds. Is Australia about to see its own energy storage subsidy, and, if so, how would the potential rollout of that be implemented?
Solar Battery Rebate in 2018
We’ve written about solar battery growth before – the sector has seen a sharp rise in 2017 which has continued into 2018. Will the government consider incentivising households and businesses to install energy storage, helping add stability to the grid, lower skyrocketing electricity costs and assist Australia in reaching our Renewable Energy Target? Time will tell. States like Queensland already have the Affordable Energy Program where 5,000 Queenslanders will see an interest-free loan for solar systems/battery storage, so a scheme just for storage doesn’t seem out of the question.
Whilst nothing official has been announced yet, there are plenty of whispers about the government playing with solar power rebates – feed-in-tariffs are dropping sharply. Will we see discounted deals on solar batteries? As they’re not currently at the point where ROI (Return On Investment) is ubiquitously positive, energy storage uptake in Australia is still finding its feet. If the government gives it a boost how much will that cost and what kind of value do we put on the financial/social impact of embracing renewable energy?
In the United States, The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30% of the cost of installing a solar energy system from your taxes. The ITC applies to residential and commercial systems, and there is no cap on how much you can spend. Should Australia try something like this, or is our current system more effective?
Solar Rebates/Subsidies In 2018
Here are some of the various offers federal/state government are using to try and get people to embrace solar. Any questions about a specific scheme? Please leave a comment below and we’d be happy to look into your query.
- Solar loans in South Australia
- No-interest solar loans in Queensland.
- Interest Free solar loans in Darebin, Victoria.
- Home solar power rebates
- Off grid solar power rebates
- Solar incentives for small business
- Commercial scale solar incentives
- Solar schools grant
- Solar for community buildings
- Solar hot water rebates
- Solar water pumping rebates
- Solar Feed in tariffs
- Renewable energy certificates (STCs)
- Solar cities initiative
In terms of batteries, we don’t have a specific incentive to install it, either as an add-on to existing solar system or as part of a new system.The Battery Energy Storage System incentive provides eligible South East Queensland households with a one-off $50 payment for registering eligible systems on the Queensland Government battery storage database.
Please note that information about rebates and subsidies can go out of date quite quickly so ensure you double check before purchasing – you can learn more about current available solar rebates in Australia by visiting the “Your Energy Savings” website, which has been set up by the federal government – simply click here to visit!
Interested in learning more about solar batteries available in Australia? Click to learn more about Tesla Powerwall competitors and alternatives.
In the meantime, we’re still waiting to see what sort of battery rebate may be offered. Since Australia already has a very strong solar panel presence, it makes sense to work on maximising storage as well as generation.