With energy bills on the rise, many Australians are looking for practical ways to reduce their expenses. The Cheaper Home Batteries Program offers a timely solution, providing upfront discounts on home battery storage and enabling homeowners to significantly lower their electricity costs.
Let’s look at the potential savings. A 10 kWh battery system, which might normally cost around $14,000, could be discounted by about 30% under the program. This brings the price down by thousands of dollars, making batteries a far more viable option for families seeking long-term savings.
For homes already equipped with solar panels, adding a battery can cut bills by up to 90%, depending on energy usage. Homes starting from scratch can combine solar panels and a battery for even more substantial reductions in annual power costs.
Payback periods for battery systems are now much shorter, often between three to five years, thanks to the rebate. With smart planning—such as timing energy use during peak solar hours or combining with virtual power plant services—users can maximise return on investment.
It’s also important to select the right size and type of battery based on household needs. Consider daily energy use, backup power expectations, and available space when making your decision. Consulting multiple installers for quotes and comparing warranties can help ensure the best outcome.
In short, this program transforms battery storage from a luxury into a cost-effective household upgrade.