Via The Age:
Victorian homeowners will be paid nearly $5000 towards the cost of household solar batteries by a re-elected Andrews government in the latest move aimed at making the state Australia’s leader in domestic-scale renewable energy.
The latest promise of subsidies for small-scale renewable energy will see households who already have solar panels able to claim half the cost – up to $4838 – of batteries that can store energy generated on their rooftops.
The announcement comes as the Andrews government commits to building six new renewable energy plants across regional Victoria, generating enough power for 640,000 homes.
This is the thin of the wedge as battery prices fall ahead, both for households:
And utilities:
Such subsidies are certainly not the most efficient way to bring about change, a wider carbon price would be much better, but in today’s trashed political economy I’ll take it given they accelerate decarbonisation, reduce grid demand and lower prices at the margin for everybody else (at least until the distribution doom loop kicks in).
They’re certainly better than than the retrograde NEG.
