The long-awaited grants for home battery installations in Adelaide have finally seen the light of day. With the South Australian Liberal government announcing that its Home Battery Scheme is ready to go live. This scheme will provide $100 million in subsidies. For the installation of battery storage systems for 40,000 households in South Australia. All capable of participating in a virtual power plant to address network issues and balance out peak power demands.
Households receive up to $6000
Individual subsidies of up to $6000 will be available to households for the purchase of these battery systems. But will be graded at $600 per kWh for energy concession holders and $500 per kWh for everyone else. These grants for home battery installations in Adelaide will also depend on the size of the battery purchased. But will most probably equate to more than half of the purchase costs.
In addition to the government subsidies for purchasing battery storage systems. The CEFC (Clean Energy Finance Corporation) is also offering $100 million in loans. The purpose is to help South Australians purchase rooftop solar panels and battery systems.
Sonnen opens manufacturing plant in Adelaide
Demonstrating that Adelaide is clearly the renewable energy capital of Australia. Sonnen has announced that they will manufacture up to 10,000 battery storage units each year at the old Holden car manufacturing plant in Adelaide. The key drivers for this move are the new government grants for home battery installations in Adelaide. And the CEFC loans, which together create an ever-expanding market for renewable energy in Australia.
Whilst Australians have embraced solar panels on their rooftops, the next step is to add battery storage to these systems. But costs have been prohibitive for most households. The new Sonnen manufacturing plant in Adelaide, along with the grants for home battery installations in Adelaide. As well as the CEFC loans are set to change this situation, promoting a more decentralised grid in a country that seems to have been designed to benefit from renewable solar energy.