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
    2·
    4 days 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?

    • Gorgritch_Umie_KillaOPM
      2·
      4 days ago

      I’d hope the batteries would last more than ten years. But yeah i suspect this is why its a no-interest loan, otherwise ROI on such a depreciating asset could be killer.

      Personally i’ve never felt in a financial position to get on the Solar and Battery train, (been doing slow, and costly reno’s). After a coversation with my partner today, i think this has now changed our calculus. So i suppose over the next few months i’ll be looking for a more solid idea myself.

      If you have any links that cover this stuff that you used before, i am very interested!