Prime Minister Anthony Albanese has announced a $2.3 billion plan to subsidize home solar batteries if his government is re-elected in 2025. The 'Cheaper Home Batteries Program' aims to reduce the cost of installing solar batteries by up to 30%, saving households around $2300 on average.
The initiative targets over one million homes, small businesses, and community facilities, with the goal of lowering electricity prices and easing cost-of-living pressures. Taxpayers would contribute up to $4000 per battery installation.
The policy is a key part of Labor’s energy and affordability platform heading into the federal election.
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@625F34SConservatism1yr1Y
@6VVSJXCProgressive1yr1Y
Throwing $2.3 billion of taxpayer money at solar batteries sounds like classic overreach. If the tech is truly viable and cost-effective, the market will adopt it without needing a handout. Government should focus on creating a stable regulatory environment, not picking winners with subsidies. This kind of policy just distorts incentives and shifts costs onto everyone else.
@7CNZY42Libertarian1yr1Y
@ISIDEWITH1yr1Y
Anthony Albanese vows household battery subsidy will push down power prices for ‘everyone’
Taxpayers will contribute $4000 for an average household battery installation under a $2.3 billion election commitment by Anthony Albanese, with Labor promising the policy will push electricity prices down for “everyone”.
@ISIDEWITH1yr1Y
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