Albanese promises $2.3bn to make home batteries more affordable

Prime Minister Anthony Albanese has unveiled a $2.3 billion subsidy plan aimed at slashing the cost of home batteries by 30%, a move that could save Australian households up to $4,000 per battery.

The initiative, set to roll out from July 2025, targets both cost-of-living relief and environmental goals by making renewable energy storage more accessible.

We'll make home batteries cheaper, saving you thousands and slashing power bills. pic.twitter.com/bUUuiWNyDw

— Anthony Albanese (@AlboMP) April 5, 2025

Labor’s new program aims to install over 1 million new batteries by 2030, with each household able to access discounts on battery systems installed alongside new or existing solar panels. The scheme could save families up to $2,300 annually on their energy bills, reducing reliance on the national grid.

Every household will receive another $150 off their energy bills.

— Anthony Albanese (@AlboMP) March 25, 2025

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Albanese framed the announcement as part of Labor’s broader push to ease the financial burden on Australian households while supporting cleaner energy. “This is good for power bills and good for the environment,” the Prime Minister said, stressing that the initiative would help Australians access cheaper, cleaner energy.

The scheme is an extension of the government’s existing small-scale renewable energy scheme, which has already subsidised solar panels and other renewable energy equipment. Clean energy advocates have welcomed the move, calling it a vital step towards making energy more affordable while tackling climate change.

This is what one of the world’s fastest electric vehicle chargers looks like.

It’s the kind of technology we need to make Australia a renewable energy superpower.

Businesses like Tritium here in Brisbane need certainty to invest in new tech, new ideas and new jobs. pic.twitter.com/zKbOHsm982

— Anthony Albanese (@AlboMP) March 30, 2023

Labor’s commitment comes ahead of the 2025 federal election, with the party hoping the initiative will bolster its re-election campaign, particularly in states like Queensland, which boasts the highest uptake of solar power.

The discount is expected to reduce over time as battery costs decline, and the scheme will apply to battery systems with a capacity of 5-50kWh. Several state governments, including Western Australia, already offer additional rebates for home batteries, adding to the overall financial support available for households looking to reduce energy costs.

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