The formal process for claiming the HBS is to be announced shortly.
Please read the following IMPORTANT information released via The Dept of Energy Mining.-
How much is the Home Battery Subsidy?
- Scaled in line with the size of the battery – the bigger the battery the bigger the subsidy
- Capped at $6000 per system installed
- Subsidy and cap to reduce over time to ensure 40,000 households can participate. Energy Concession Holder Other households $600.00 per kilowatt-hour (kWh) $500.00 per kilowatt-hour (kWh)
A dedicated website (joint SA Government and RateSetter Platform) will be available in October to help households:
- Consider their suitability
- Identify qualified system providers and eligible systems
- Access the subsidy and finance (if required) through RateSetter.
South Australia’s Home Battery Scheme FAQs
What finance is available?
- In addition to the subsidy, households will be able to access finance to assist with the upfront cost of paying for the battery and new solar if required.
- Competitive Loans through the RateSetter Platform funded by an initial investment of $100 million from Clean Energy Finance Corporation.
- Households will be able to choose the amount they borrow.
- We expect the term of the loan to be between 3 to 7 years to ensure households achieve the greatest benefit from the system.
To formally apply for the HBS Subsidy and view detailed information CLICK HERE
