Subsidies reduced to $3,000
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. The Scheme means cleaner, more affordable, reliable power for every household that purchases a system. The installation of these systems also reduces demand on the network (especially during peak periods) and in turn, lower energy prices for all South Australians.
Following a steady uptake of the Scheme this year, the subsidy levels and cap are decreasing.
What is the current subsidy level?
On 10 September 2020, the Home Battery Scheme subsidy reduced from a maximum subsidy of $4,000 to $3,000 per battery installed.
Approved home battery systems are now eligible for 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|
To secure your conditionally approved subsidy, the home battery system must be installed within the timeframes outlined in the Scheme's Subsidy Terms of 12 months for new builds and 6 months for all other properties.
What happens if you miss out on the Step Two subsidy?
Applications that are conditionally approved but miss out on a Step Two subsidy will automatically be approved for a Step Three 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.
To complete a subsidy application you must:
• have a System Provider create a Quote Record for you in the Plenti (formerly RateSetter) 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.
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.
Will the subsidy change again?
The subsidy amount will continue to be phased down as uptake of the Scheme increases.