The transition to a renewable energy future in the NT will receive an additional boost thanks to $2.8 million in funding that has been made available by the State’s Government. The funding will go towards providing a one-time rebate for homeowners and small businesses when buying smart battery systems. The new budget for battery systems extends the popular program that was originally launched 12 months ago.
While the maximum available rebate of $6,000 per applicant remains unchanged, the new battery rebate program comes with one major change. The new program will provide a more flexible approach to support the uptake of battery systems. Homeowners and small businesses now receive a rebate worth $450 per kWh of battery capacity installed. The maximum rebate is capped at $6,000. While originally the full $6,000 was available to any system bigger than 7.0kWh of battery capacity, under the new rule, bigger battery capacity systems can only receive the full amount.
That means to maximise this opportunity and take advantage of all the benefits of a Redback Smart Home Battery System, customers can get access to the full rebate with two of Redback’s home battery solutions: The 5KW single phase SH5000 can be equipped with 14kWh of battery modules to allow homeowners to receive the full $6,000 benefit. For larger homes and small business on a three-phase connection, Redback’s ST10000 comes with a 10KW three phase hybrid inverter and can hold 14.2kWh of batteries to make sure you are not missing out on the new rebate.
Smart Home Battery Systems have a range of benefits, from storing energy, to increased sustainability, lower energy bills and peace of mind in the case of a grid outage.
Hence, why the Territories grant immediately proved popular when introduced more than 12 months ago, with the first round delivering more than 230 Smart Home Battery Systems in the Territory, 100 installations more than expected.
The Northern Territory Government’s additional investment in this scheme is evidence of the growing confidence in the effectiveness of these systems.
How to apply