Cheaper electricity with Solar batteries for 10,000 homes

A re-elected Andrews Government will provide half price solar batteries for 10,000 Victorian households that already have solar panels to help them save even more on their electricity bills.

The $40 million program is part of the Andrews Government's massive new Solar Homes initiative, which is putting power back into the hands of Victorians and cutting electricity bills with either solar panels, solar hot water or solar batteries for 720,000 homes over the next 10 years.

Eligible homeowners will be able to save up to $4,838 on the installation of a battery storage unit. This will save households with an average 11kW battery around $650 a year on their electricity bills in addition to savings they are already making with solar panels.

Under the scheme, homeowners can get a 50 percent rebate for installation of a battery storage unit, capped at $4,838 in the first year and tapering down to $3,714 by 2026 as the price of batteries comes down.