The day is not away from South Australian’s when solar home batteries will pay for themselves. The South Australia’s (SA) Home battery scheme is launched to help 40,000 South Australian’s to pay for the installation of the home solar battery systems. The home battery subsidy is calculated on the usable kilowatt hour capacity of the battery purchased. Moreover, higher concession subsidy is available for low-income SA households supporting to access the solar battery scheme.
There are two levels of Home battery subsidy:
Energy concession holder (pensioners and people receiving Centrelink payments): $600.00 per kilowatt hour (kWh)
All other households: $500.00 per kilowatt hour (kWh)
For instance, a solar battery system with 5kWh of storage is able to receive a maximum of $2500 subsidy, or $3000 for concession holders. The subsidy varies according to the usable battery storage; however, a maximum of $6,000 is capped per home battery installation.
What is a home battery system?
A typical home battery system comprises of panels, an inverter and a battery. The solar photovoltaic system converts energy received from the sun into electricity. This electricity can be used in household and excess can be fed into the main electricity grid. Other solar solution is to store the excess electricity generated in day time by connecting a battery to the solar energy system. The stored energy can be used in night time or during days when system is not generating much. This smart home solar battery system can further help in save money on your energy bills. It can be concluded that installation of the solar battery storage will reduce the burden on the grid or network, and facilitating lowering of electricity prices in South Australia.
There are few reasons you may want to add batteries in your solar panel system:
- Use your generated solar energy at night time.
- Reduce power consumption during peak periods.
- Batteries can provide backup where there is a power outage.
- Become more self-sufficient by reducing the effects of increasing electricity prices
- Save money by charging your battery from your power grid at off-peak times.