Subsidies reducing to $2,000

Since its launch in October 2018, the response to the Home Battery Scheme has been incredibly positive. The Scheme has supported the installation of thousands of home batteries, paved the way for a number of virtual power plants to enter the market, and reduced the average price of a battery system in South Australia.

 

As a direct result of the Home Battery Scheme and other government-supported programs such as South Australia's Virtual Power Plant and Batteries for Bushfires, there are now over 24,000 batteries installed or approved for installation at homes in South Australia. According to industry analysts Sunwiz, 29% of all home batteries installed in Australia in 2020 were installed at South Australian homes - leading all states and territories.

 

The Scheme means cleaner, more affordable, reliable power for every household that purchases a system. The installation of these systems also reduce demand on the network (especially during peak periods) and in turn, lower energy prices for all South Australians.

 

Following continued uptake of the Scheme, the subsidy levels and cap of the Home Battery Scheme are decreasing.

 

 

How is the subsidy decreasing?

 

As of 7am Tuesday 20 July 2021, there were around 1500 subsidies still available at the following Step Three subsidy rates:

 

Step Three Subsidy

Energy concession holder $300 per kWh
All other households $200 per kWh
Maximum subsidy per battery installation $3,000

 

Subsidy applications that are conditionally approved after all remaining Step Three subsidies have been taken up will be eligible for the following Step Four subsidy rates:
 

Step Four Subsidy

Energy concession holder $250 per kWh
All other households $150 per kWh
Maximum subsidy per battery installation $2,000

 

How can I confirm the subsidy I will receive?

The subsidy will only be confirmed after your subsidy application has been conditionally approved. To increase your chances of receiving the higher Step Three subsidy, you should complete your subsidy application process as soon as possible.

 

To complete a subsidy application you must:

•    have a System Provider create a Quote Record for you in the Plenti portal; and
•    apply for, and be conditionally approved for your subsidy, using the link your System Provider provides you for your Quote Record in the Plenti portal.

 

Applications that are conditionally approved after the Step Three subsidy allocations have been exhausted will automatically be approved at the Step Four subsidy rates.

 

At the time that your subsidy application process is completed, you will receive confirmation of the subsidy rate that you have been conditionally approved for. If you do not wish to proceed with the subsidy you have been conditionally approved for, you can elect to withdraw your subsidy application.

 

You should be aware that verifying identity details is a key part of the subsidy application process. Care should be taken to ensure your identity details are entered exactly as they appear on your driver's licence or other form of government identification. If you are experiencing difficulties verifying your identity, a photo of your driver's licence or other government identification can be uploaded to your subsidy application or emailed to homebatteryscheme@plenti.com.au.

 

Is live data available showing the number of Step Three subsidies remaining?

 

When a System Provider creates a Quote Record for you, they will be presented with live data from Plenti showing the subsidy rates and number of subsidies still available at Step Three.

 

When you begin applying for the subsidy you will also be presented with live data from Plenti, showing the subsidy rates and number of subsidies still available at Step Three.

 

In all cases, the subsidy will only be confirmed after your subsidy application is conditionally approved. To increase your chances of receiving the higher Step Three subsidy, you should complete your subsidy application process as soon as possible.

 

 

What happens if I miss out on the Step Three subsidy?

 

Applications that are conditionally approved but miss out on a Step Three subsidy will automatically be approved for a Step Four subsidy.

 

At the time that your subsidy application process is completed, you will be provided with a confirmation of the subsidy that you have been conditionally approved for. If you do not wish to proceed with the subsidy you have been conditionally approved for, you can elect to withdraw your subsidy application.

 

 

Will the subsidy change again?

The subsidy amount will continue to be phased down as uptake of the Scheme increases.