Press Release


THE LABOUR BATTERY REBATE Finn Peacock, Australia’s Leading Independent Solar Expert Is Available Fo

22 November 2018 - Finn Peacock said:
The Good Stuff
1. Good for Electricity Consumers: Adding 100,000 residential batteries should slightly reduce electricity prices for
Today when the sun goes down there is an 'early evening peak' from the double whammy of:
solar output going to zero
Battery households will draw energy from their batteries instead of the grid, reducing the peak demand which will
reduce the generators' ability to charge sky-high prices during that peak period.
2. Good for the clean energy industry: It will shorten the payback of home batteries accelerating the growth of
The Bad Stuff
1. Big batteries are better value for tax dollars: It is an expensive way to reduce bills with batteries. Large and medium
scale batteries pay back 2-3 times faster than residential batteries.
2. Paybacks are still long: If a household buys a 4kWh battery for $4,000 after the rebate, that will take about 13 years
to pay for itself using current electricity tariffs. (Solar without batteries can pay back in under 4 years)
3. Will encourage small, low power batteries: You will get the maximum rebate with a small, 4kWh battery. This will skew
the market to selling lots of small, low powered batteries - reducing their effectiveness.
4. Renters are left with high bills and no solutions. Renters who cannot benefit from solar have been neglected again. A
battery will take a solar homeowner's bills from low to tiny. Meanwhile renters get no relief at all.
Things the rebate policy needs to consider carefully:
1. Safety. Batteries contain densely packed energy. They are much more dangerous than solar panels if they go
wrong. Safe installation and highly vetted products are essential.
2. Virtual Power Plants: A stand alone battery is much more useful to the grid if it is networked into a 'Virtual Power Plant'
or VPP. It should be mandatory that subsidised battery systems are 'VPP Ready' .
3. Expandability: Lots of people will buy small 4kWh batteries to maximise their rebate and find out very quickly that
they want more storage. It should be mandatory that it is easy to expand small systems by simply sliding in extra
battery packs.
4. Australian Consumer Law: needs to specifically address the issue where battery manufacturers claim their batteries
are designed to last 20 years but only warrant them for 10 years.
For more information and a detailed financial analysis, visit
Solar Quotes has arranged quotes for more than 350,000 Australian homes since its launch in 2009. The Solar Quotes
website and Finn Peacock’s blog average 600,000 page views per month. ENDS.

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Contact Details

For an interview contact littlelion PR | Gabrielle Leonello | 0425 554 454 |

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