The subsidy was closer to 70%, and in my case I was paid the equivalent of about 10 years of free electricity for a battery with a 10-year warranty. In total somewhere around 5-7 billion AUD was paid out (not yet public) - the wholesale market for comparison is around $16B AUD annually. Personally, I would have preferred it was used to build grid scale storage instead of funneling tax money to the relatively wealthy (myself included). Given the extreme volatility of power prices, a figure such as '47% decline' should be taken with a grain of salt - but power prices are certainly a bit lower than last year.

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tialaramex 3 hours ago | parent | next [-]

> Personally, I would have preferred it was used to build grid scale storage instead of funneling tax money to the relatively wealthy (myself included).

I am generally sympathetic to this POV but I think for solar and batteries actually I end up leaning the other way. Solar PV scales appropriately for home owners unlike wind or indeed any conventional generation and both solar and batteries change how their owners feel about this so that you end up with people who have "skin in the game" in a way they didn't have when it was a BESS install six miles away they saw on TV once and have never thought about since.

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skew-aberration 2 hours ago | parent | next [-]

As I said in another comment,

> For 2N government dollars, the program gets 3N home battery. Grid is 2x more efficient by their own accounting. Therefore, we could have gotten 4N grid storage. This is not comparable to the home solar programs - which I understand to 'enticed' more private investment. Simply buying votes and lying to the public. I feel for the renters who paid their taxes and never saw a cent.

I'd rather the 50% of Australians who don't own the home they live in had skin in the game! But I do love my 42kwhr battery

	▲	munksbeer an hour ago \| parent [-]
		I thought the point of this article was they are benefiting from reduced grid costs?

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AnotherGoodName 2 hours ago | parent | prev [-]

It definitely has led to a lot of 'I'm not an environmentalist but of course i got solar on the roof and a battery!'. eg. https://xkcd.com/3226/

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matt_eeee an hour ago | parent | prev [-]

I suspect in practice putting the money into grid scale storage would have taken a lot longer and been more of a PITA.

For a grid scale battery you have to organise financing, deal with local government and NIMBYs putting obstacles in the way, comply with all the red tape etc. On the other hand anyone that owns a home can finance their own mini solar power plant and battery and skip all that. It's kind of genius even if it's not in theory the most efficient way to do it.