The Federal Labor party has pledged to reduce the expense of buying and setting up a new home battery as part of a $2.3 billion initiative that is central to its campaign for re-election. The Cheaper Home Batteries Program would commence on 1 July 2025, depending on the outcome of the next federal election.
According to the Australian Labor Party, “A re-elected Albanese Labor Government will make batteries cheaper, slashing energy bills for households, small businesses and community facilities by up to 90 per cent. Through our scheme, households will be able to purchase a typical battery with a 30 per cent discount on installed costs – saving around $4000 on a typical battery.”
— Australian Labor Party
The Smart Energy Council highlights that “The Cheaper Home Batteries Program will not only slash power bills for 10 million Australians with solar but also ensure all Australians are at least $1.3 billion better off in 2030 through reduced wholesale electricity costs.”
— Smart Energy Council
If implemented, the Cheaper Home Batteries Program will:
- Help 1 million households install battery storage
- Provide rebates that could reduce battery costs by thousands
- Work alongside existing state rebates and VPP programs for even greater savings
- Be delivered through the existing Small-scale Renewable Energy Scheme
