The Australian Greens have released a policy that aims to encourage households to take up battery storage technology by introducing a 50 per cent refundable tax credit to assist with solar costs.
Tasmanian Greens Senator Nick McKim said the policy would support the more than 26,000 Tasmanians that have solar capacity installed, with $54 million to gain.
Under the policy, people would get up to half the cost of their battery storage system covered, up to a maximum of $5000 in the first year of the program.
The program would run for five years and the amount of the credit would taper off to $1,500 by 2021, reflecting the projected decline in battery storage costs.
A grant scheme would also be available for those on low incomes.
It’s expected up to 1.2 million Australian homes could be supported over the five years of the program.
Together, small household systems in Tasmania are generating approximately 81.5 megawatts of power, with more than 12 per cent of households using rooftop solar.
“The Greens battery storage policy will support the 26,529 Tasmanian households that already have solar capacity installed and encourage thousands more to shift to battery storage,” Senator McKim said.
“Tasmanian households could gain over $54 million in support for battery storage.
“Unfortunately, the energy crisis has exposed Tasmania’s vulnerability and our over-reliance on Basslink importing dirty power from the Latrobe Valley.”
Senator McKim said the policy would be a game changer for the state’s energy security and increase Tasmania’s reputation as a centre of renewable energy.
“The Greens are the only party with the courage and vision to propose sustainable solutions for Tasmania’s energy security.”
Earlier this week, Greens energy spokeswoman Rosalie Woodruff said the feed-in tariff decision by the Economic Regulator to pay solar PV owners 6.6c per kilowatt hour “is a slap in the face for solar owners and the installation industry”.