The Finocchiaro CLP Government’s expanded Home and Business Solar Battery Scheme (HBBS) has seen a surge in uptake since it was more than doubled from $5,000 to $12,000.
Minister for Renewables Gerard Maley said the significant increase in applications since the launch of the improved scheme in December highlighted the growing demand from Territorians to reduce their power bills through renewable energy solutions.
“Since the CLP more than doubled the battery bonus, we’ve seen an overwhelming response with over 310 applications submitted and more than 80 per cent already approved,” said Mr Maley.
“In December alone, we received 164 applications – that’s three times more than the average monthly applications under the old scheme. This is a clear indication that Territorians are eager to take control of their energy costs and contribute to a more sustainable grid.
“The increase in the subsidy means that more households and businesses can afford to invest in solar batteries, which not only reduce their energy bills but help stabilise the power grid.”
“We have reduced red tape making it easier to do applications and added the Tesla 3 Powerwall battery to the approved list of batteries available under the scheme.”
According to data from the Clean Energy Regulator, the Territory has led the nation in solar battery installations since 2021, with 34 per cent of solar systems now paired with batteries.
This is more than double the rate of South Australia, which stands at 16 per cent, and almost five times the national average of 7 per cent.
With the bonus now increased to $12,000, the scheme provides Territorians with subsidies of $400 per kilowatt-hour of usable system capacity for both new and existing solar PV systems, giving eligible Territorians the opportunity to:
- Buy and install a solar photovoltaic (PV) system with an eligible battery and inverter, or
- Buy and install an eligible battery and inverter to complement an existing solar PV system.
Batteries allow homes and businesses to store excess solar energy generated during the day, which can then be used during peak times or when solar generation is low.
“By storing energy during the day, families and businesses can reduce reliance on the grid during high-demand periods, improving efficiency and saving on costs,” said Mr Maley.
This scheme expands access to renewable energy solutions for households and businesses, helping to reduce energy bills and support local businesses involved in solar PV system and battery supply and installation.
The HBBS grant will remain open for 12 months, or until the $6 million funding pool is exhausted, offering Territorians a practical way to lower energy costs while supporting local businesses.
For more information on the HBBS grant, visit the Territory Renewable Energy website or access the grant via https://grantsnt.nt.gov.au/.
Source: Northern Territory Government Newsroom
