What you need to know about the upcoming solar power battery rebate

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From 1st July, 2019 the Victorian government is offering a rebate for solar power battery storage solutions of up to $4,839. Like the solar PV rebate, this rebate comes with strict requirements for both the customers and the retailers. In this article we list everything you need to know.

LG Chem Resu solar power battery

What is the Victorian government offering exactly

The Victorian government will provide $40 million to support 10,000 households to install a solar home battery system through the Solar Homes program.

Households will have access to a 50 per cent rebate for a solar home battery system up to a maximum rebate value of $4,839.

What are the eligibility requirements

Eligibility requirements are similar to those for the solar PV rebate:

  • Annual household income can’t be more than $180,000
  • The home is valued at less than $3,000,000
  • The home is owner occupied
  • The battery is sold by a Clean Energy Council approved retailer
  • The battery is a Clean Energy Council (CEC) approved product
  • The system is installed by a CEC accredited installer
  • Already have a solar power system installed

Can you get both the solar PV rebate and the solar battery rebate

No. A household can only apply for one rebate. That means that if you already installed your solar power system or your solar hot water system and applied for a rebate on that, you will not be able to apply for the solar battery rebate.

(RELATED: Want to know out if you’re eligible for $2,225 Victorian solar power rebate? Check out our solar power rebate article that contains all the information you need. From the eligibility criteria to a quick step-by-step on how to claim the rebate.)

Should I get the solar battery rebate or the solar PV rebate

We’ve written an article on that which you can find here.

In short: from a financial perspective batteries are not the best choice for most people just yet. Unless the way you use electricity fits a very specific pattern, your savings will likely not be enough to offset the cost of a solar power battery. Even with the solar battery rebate. 

Your solar power specialist is able to help you calculate the savings you can expect with a battery.

That doesn’t mean you shouldn’t get a solar battery. If you regularly experience power outages for example, a solar power battery is the perfect solution. And there are those that like the fact that they’re using their solar power system more effectively, are less reliant on the grid and generally live a greener life.

You can read more about the advantages of a solar power battery here.

If you would like to know how much you can save with solar power or solar batteries, we can help you with that. Give us a call on 1300 131 784, talk to our chatbot or request a couple of quotes from www.solarpowerco.com.au