Home batteries subsidy overhauled with $5bn injection as Australians rush to take up discount

The Australian federal government is injecting an additional $5 billion into its home battery subsidy program, bringing the total budget to $7.2 billion over four years. The program, which provides discounts for home battery systems, has seen high demand in its first five months. Energy Minister Chris Bowen announced the funding increase, but also stated that the subsidy structure will be adjusted. While the first 50kWh of a system will still be eligible for the full discount, larger battery systems will receive less generous discounts per kWh. The changes aim to manage the program's budget while continuing to support Australians in adopting home battery storage.

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