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$vuetify.icons.faPhone1300 650 620

HIA welcomes $2.3 billion home batteries subsidises program

Media release

HIA welcomes $2.3 billion home batteries subsidises program

Media release
“Today’s announcement from the Prime Minister of a $2.3 billion home batteries subsidy program is an important initiative to support homeowners cut power bills and boost uptake of home battery installations,” said HIA Chief Executive, Simon Croft.

“Australia has been world leaders in the uptake of solar panels on our homes, but they are only part of the energy puzzle in providing ‘energy generation’ component, and household batteries provide the essential ‘energy storage’ side to power the home.

“It is understood that one in three Australian households have solar panels, but only one in 40 have a battery, highlighting the significant opportunity household batteries present to reduce reliance on power from the grid.

“A significant barrier in the uptake of household batteries, is their large upfront costs and this scheme can be important in boosting uptake by providing home owners with a 30 per cent discount off the upfront costs.

“Australian homes now have over 4 million solar panels installed and these have been installed through a range of rebates and incentives, which shows how important targeted subsidy or rebate programs can be in driving change.

“We look forward to working with the government on the design of the scheme to ensure that it can accessed for both our new home builds and existing housing stock.

“Equally it is important that this scheme ensures it focusses on supporting Australian manufacturers and suppliers in providing these batteries into our homes. 

“HIA has been advocating on the importance of holistic consideration of the issue on Australia’s decarbonisation journey and that the focus should be on creating market conditions conducive to voluntary electrification including incentives such as those announced today. 

“These type of schemes, have proved to be far more effective than hard wiring in policy changes that includes bans or blanket mandates which are costly and intrusive and limit home owner choices,” concluded Mr Croft. 

For more information please contact:

Simon Croft

Chief Executive - Industry & Policy

Joe Shanahan

Manager, Communications & Media
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