Home batteries subsidy overhauled with $7.2bn injection as Australians rush to take up discount

Chris Bowen says first 50kWh of a system would still be eligible, but discounting would not be as generous per kWh for medium- and larger-sized batteriesGet our breaking news email, free app or daily news podcastDiscounts for larger systems will be wound back under a popular home battery scheme as the program’s budget is tripled.The federal subsidy, which has been in place for five months, will get a generous top-up to $7.2bn across four years after initially being earmarked to cost $2.3bn, the energy minister, Chris Bowen, said. Continue reading...