The ACT’s solar battery storage incentive program

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The ACT authorities’s Next Generation Energy Storage (Next Gen) program, initially launched in 2016, is likely one of the most formidable battery storage incentive schemes in Australia, aiming to subsidise the set up of batteries for roughly 5,000 properties and small companies.

The program has $25 million in funding and is targetting the set up of 36MW in capability. A mid-term evaluation of this system in March 2019 confirmed that they’d subsidised over 600 batteries and have been accepting over 200 functions per 12 months.

 

How the ACT battery rebate (Next Gen) works

The Next Gen scheme presently presents a rebate of fifty% of the battery worth as much as a most of $3,500.

To provide you with an thought, the under desk particulars among the extra widespread batteries underneath the scheme and the relevant rebate.

Usable Capacity Continuous Output Rebate
Tesla Powerwall 2 13.5 kWh 5 kW $3,500
LG RESU10 8.8 kWh 5 kW $3,500
Alpha-ESS SMILE T-10 15kWh 10 kW $3,500
BYD B-Box LVS 3kWh 3.33 kW ~$2,000

Like the federal solar rebate (STC scheme) the installer accesses the rebate in your behalf and is ready to supply some extent of sale worth discount. You can take a look at battery presents from among the pre-qualified installers within the scheme via Solar Choice’s comparability portal.

Compare battery quotes within the ACT now.

 

Eligibility for ACT’s battery rebate

To obtain the rebate you need to meet the next 4 standards:

  1. In the ACT space together with Hall, Tharwa and Oaks
  2. New battery system have to be coupled with solar panels
  3. Be related to the grid (off-grid installations will not be eligible)
  4. A brand new system that has not already obtained a rebate from the Next Gen scheme

 

How the ACT selects pre-qualifed installers

ACT-renewable-energy-auction-nextgenThe NextGen program is an auction-based incentive scheme, the place totally different entities ‘bid in’ underneath a government-run tender course of for the best to supply the motivation to their prospects. The eligible methods and suppliers have all been vetted by the federal government for high quality, reliability, fame and skill to ship on guarantees.

You can view stay battery pricing on Solar Choice’s web site from installers who’re pre-qualified underneath the Next Gen Scheme.

Compare battery quotes within the ACT now.

 

How does this variation ROI for a battery system within the ACT?

Solar Choice has developed and printed a sophisticated calculator to assist Australians calculate their financial savings, payback interval and ROI for their very own circumstances. Inputting into this calculator a probable family situation for the ACT with an electrical energy charge of 20c per kWh and a mean every day utilization of 30kWh we have now calculated the under eventualities:

Before ACT Rebate After ACT Rebate
Solar Size Battery Usable Capacity Savings Estimated Cost Payback Period Estimated Cost Payback Period
6.6 kWh Tesla Powerwall 2 13.5 kWh $1,308 p.a. $18,625 12.7 years $15,125 10.6 years
6.6 kWh LG Chem RESU6 5.9 kWh $1,437 p.a. $11,500 8.4 years $8,035 6.3 years

 

Other Benefits of a Battery Storage System

Reducing your carbon footprint

By storing and utilizing surplus solar energy, households can get near utilizing 100% of their power from renewable sources. Simple grid-connected solar (solely) methods nonetheless depend on 50%+ of their electrical energy coming from the grid. Reducing demand for grid power will accellerate the energy transition and cut back the necessity for Australia’s many coal-fired power crops.

Backup power in a blackout

Although the ACT electrical energy community has been pretty steady, the power for households to maintain the lights and fridge on throughout a blackout might be an essential issue when deciding whether or not to put money into a solar battery. Products such because the LG Chem or Tesla Powerwall have an inbuilt battery inverter which permits them to cost throughout a blackout, and successfully can present backup power for days or perhaps weeks if wanted.

Additional revenue with Reposit

Canberra is home to battery administration system developer Reposit Power, whose software program platform permits battery system homeowners to promote their saved energy into the grid at a premium throughout excessive wholesale spot worth occasions. Although these worth occasions are considerably uncommon (a couple of occasions a 12 months), it could possibly enhance the financial savings you’ll make out of your battery and enhance the payback interval.

Get began by evaluating battery quotes on-line in the present day

Since 2008 our information and complex software program has allowed over 180,000 Australian households and companies to make a well-informed selection on their solar & battery installer.

 

 

Want extra information? Check out these sources

Compare solar & battery storage quotes

Read our article: Are home solar batteries price it in 2021?

Solar power within the ACT

Solar & battery storage within the ACT: Things to contemplate

Check out our Calculator Resource Library

See present & historic solar system worth ranges for every capital metropolis: Solar Choice’s PV Price Index

© 2019 Solar Choice Pty Ltd

Jeff SykesJeff Sykes

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