There are several federal and state government financial incentives for households that install solar systems including solar batteries in Australia. The most popular of these is the Small-scale Renewable Energy Scheme (SRES), which provides a rebate for the installation of small-scale renewable energy systems, including solar panels and batteries. This scheme can reduce the upfront cost of installing a solar battery system by thousands of dollars.
In addition to the SRES, Melbourne homeowners may also be eligible for state-based incentives and rebates. For example, the Victorian government’s Solar Homes Program provides rebates for the installation of solar panels and batteries. The rebate amount varies, but it can cover up to 50% of the total cost of the system. These incentives and rebates make solar battery installation more accessible and affordable for homeowners.