Government incentives are helping reduce the upfront cost of home energy storage.
Under the federal government’s Cheaper Home Batteries Program, households can receive a discount of around 30% on the upfront cost of eligible battery systems.
The incentive applies to batteries ranging from 5 kWh to 100 kWh and can be used with new or existing solar PV systems.
For homeowners already generating solar power, adding a battery can allow them to store unused electricity during the day and use it later, reducing reliance on grid energy.
Why this matters for household budgets
Energy costs are a growing expense for many households.
Installing a battery can help smooth out those costs by storing solar energy for use during peak electricity periods.
Over time, lower power bills can translate into meaningful savings.
Financing home improvements
The main hurdle for many homeowners is the upfront installation cost.
Depending on your loan structure, upgrades like this may be funded through redraw, savings or a loan top-up.
A quick loan review can show whether improvements like this could fit comfortably within your finances.
Contact us to find out more
