A government-backed incentive scheme established to accelerate the introduction of distributed solar energy storage in the Australian Capital Territory is to be wound up having achieved its target of subsidising the installation of about 5,000 batteries over the past seven years.
The ACT government’s Next Generation Energy Storage (Next Gen) program, initially launched in 2016, is one of the most ambitious battery storage incentive schemes in Australia, aiming to subsidise the installation of batteries for roughly 5,000 homes and small businesses.
Most Canberra homes, and many small businesses, have single phase power, which lets them install a solar battery that can provide up to 5 kilowatts of continuous power for a maximum subsidy of $4,125. This is 69% of South Australia’s $6,000 maximum.
Its latest plan calls for subsidizing the cost of residential batteries, a proposal it says will dramatically lower the amount that its citizens spend each month on utility bills. The $2.3 billion program is designed to lower the cost of residential batteries by about 30 percent.
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