Rebates of $5,000 per household, or $7,500 for regional households, are being promised in one of Australia's most rooftop solar-heavy states.

Western Australian Labor has unveiled plans to slash the cost of home battery storage, with state government rebates of up to $5,000 per household, or $7,500 for households on the regional Horizon Power grid…

Eligible households would have up to 10 years to repay the no-interest loans of $10,000 or less…

Cook has also promised to invest $50 million of public money to a Battery Manufacturing Program of direct grants and low-interest loans to support the development of a home battery supply chain in the state.

  • Quokka@mastodon.au
    0·
    2 months ago

    @Gorgritch_umie_killa What’s the ROI on batteries these days? When I’ve done the maths in the past it just wasn’t worth it. A 10 year loan sounds like you’d just finish paying for it when it needs replacement?

    • kronicd@lemmy.world
      1·
      2 months ago

      A ten year interest free loan ends up being a massive discount on the battery as inflation and wage growth reduce the real cost of the loan.

      Of course this depends on wage growth actually occurring, but that’s the theory.