Households across the country are set to benefit from generous solar rebates, with many state governments offering reductions in solar purchase or installation price. These states are leading the charge.
In August, the Victorian Government announced Solar Homes, a $1.24 billion program giving Victorians the chance to install a solar panel system for half price and pay the rest of the cost back over four years with an interest-free loan.
This will save the typical Victorian household up to $2,225 for installation of an average 4kW solar system and help them save up to $890 a year on their electricity bills.
Nine out of ten Victorians who own their house are eligible, with the rebate available to those with a household income of less than $180,000 who live in their own home valued under $3 million.
The full program aims to support the installation of solar in 710,000 Victorian homes over the course of 10 years, with the initial rebate applying until 30 June 2019 for 24,000 homes.
Solar storage is top of mind for the northern state, with the Queensland Government offering interest-free loans for solar systems and battery storage as part of the Affordable Energy Plan.
The plan will help Queensland households and small businesses purchase these systems, take control of their electricity consumption and access more affordable electricity.
The package is set to provide Queenslanders with interest-free loans of up to $10,000 over ten years for a combined battery and solar system, as well as a solar battery grant of $3000,
In a bid to provide lower energy bills and less reliance on fossil fuels, Tesla and the South Australian government committed to develop a network of 50,000 home solar PV and Powerwall battery systems across the state.
The network forms the world’s largest virtual power plant, which is designed to lower energy prices??, provide increased stability to the grid and increase customers’ visibility to their energy use via a real-time app.
Installations have already commenced and will increase to 50,000 homes over the next few years.
The SA government has also made a commitment of $100 million to help deliver 40,000 home batteries through a Home Battery Scheme. From October this year, South Australians will have access to State Government subsidies to pay for the installation of home battery systems.