How does the Cheaper Home Batteries Program work?
Similar to how the Australian solar subsidy works, your battery will generate small-scale technology
certificates (STCs) where the amount is determined by the total useable kWh capacity of the battery.
Starting in 2025, each kWh will generate 9.3 STCs, which is approximately $372 per kWh.
When you accommodate elements like installers opting for STC traders, fluctuations in STC value,
administration and trading fees, the value will be closer to around $34 per STC, or $316 per kWh.
Because it is a part of the Small-scale Renewable Energy Scheme, these discounts diminish each year until
2030. Below is the pricing structure of the Federal battery subsidy until 2030.
Year
|
2025
|
2026
|
2027
|
2028
|
2029
|
2030
|
Estimated Value per kWh
|
$316
|
$286
|
$252
|
$221
|
$190
|
$160
|
STC factor
|
9.3
|
8.4
|
7.4
|
6.5
|
5.6
|
4.7
|
The estimated value is approximate and is based on $34 per STC, which will vary due to a few factors.