The $2.3 billion Cheaper Home Batteries Program, announced over the weekend, will slash energy bills for households, small businesses and community facilities by up to 90%, according to the government.
Analysis by the Department of Climate Change, Energy, the Environment and Water found a household with existing rooftop solar could save up to $1,100 off their power bill every year, and a household installing a new solar and a battery system could save up to $2,300 a year – up to 90% of a typical family electricity bill.
The government expects over one million new batteries to be installed by 2030 under the scheme.
ANMF Climate Change Officer Catelyn Richards welcomed the bold, future-focused initiative, highlighting the importance of battery storage for health and climate resilience. “Having battery storage means reliable energy storage.
“As a nurse, I know how critical stable power is for many who manage their medical conditions at home, particularly when there are interruptions to power supply from weather. This investment is a smart, forward-looking move. It’s a win for health, for the planet, and for every Australian household.”
The Australian Council of Trade Unions (ACTU) also welcomed the new policy, describing it as another significant step by the Albanese Government.
