Australians could get $2000 cash back for homes that go solar

Image credit: sunpower.com.au

Saving money thanks to government subsidies always invites the question: who is paying for the offer? No prizes for guessing.

Labor wants Australian suburbs to run on batteries through a plan to subsidise solar power storage for thousands of households, reports news.com.au.

And it believes the plan could cut electricity bills by 60 per cent.

The battery rebate of $2000, which Labor would first offer to 100,000 households, is a prominent element of the energy policy Labor leader Bill Shorten will take to the next election.

The scheme, to be outlined by Mr Shorten today, is calculated to cost $215.9 million over four years and Labor wants a million battery powered residences by 2025.

Mr Shorten will also indicate he remains prepared to discuss revival of the National Energy Guarantee, the proposal which disappeared with the removal of Malcolm Turnbull as prime minister.

It was intended to lower prices and give industry stability and certainty on power generation.

Mr Shorten will argue the nation is in an energy crisis under the Coalition with prices rising by close to 19 per cent over the past three years – three times faster than wages growth.

Continued here.