South Australia has launched a scheme to help finance the installation of battery storage systems in some 40,000 homes across the state.
Premier Steven Marshall (pictured) said subsidies would be worth up to AUD6,000 (US$4,200) per home battery system installed.
German battery storage company Sonnen is the first provider to benefit from the scheme, after it announced plans to manufacture its lithium iron phosphate battery storage systems at a former car manufacturing plant in the state.
Sonnen told BEST Battery Briefing earlier this year it planned to manufacture its systems in Adelaide, after switching its Australian HQ to the state capital from Sydney.
Marshall said Sonnen batteries are available immediately under the financing scheme, with additional brands available after a nine-week period.
Marshall said AUD100m in state government subsidies for the scheme had by matched by AUD100m in finance from Australia’s Clean Energy Finance Corporation, “to provide low-interest loans for the balance of the battery and new solar if required”.
“We are also creating jobs and attracting new business to our state by giving priority to qualified system providers who commit to installing approved battery systems that are manufactured or assembled in South Australia,” Marshall said.