Queensland Businesses Set to Power Savings with Federal Battery Program

Queensland businesses are poised to make significant savings on their energy bills and enhance their energy independence through the federal “Cheaper Home Batteries Program.” This national initiative offers substantial upfront discounts on battery storage systems, making it a compelling proposition for businesses looking to harness their solar power.

Significant Savings for Savvy Businesses

The primary financial benefit for businesses is an upfront discount of approximately 30% on the cost of installing a small-scale solar battery system. This discount is delivered through the Small-scale Renewable Energy Scheme in the form of Small-scale Technology Certificates (STCs).

The exact amount a business can save depends on the usable capacity of the installed battery. For instance, a business installing an 11.5 kilowatt-hour (kWh) battery could receive a discount of around $4,000. For larger installations, the savings can be even more substantial, with a 50kWh usable battery system potentially attracting a rebate of approximately $17,902.50.

Who is Eligible to Make the Switch?

The “Cheaper Home Batteries Program” is open to small businesses across Queensland, provided they meet the following criteria:

New Battery Installation: The program applies to the installation of a new battery energy storage system.
System Size: The battery system must have a nominal capacity of between 5kWh and 100kWh. However, the STC rebate is calculated on the first 50kWh of usable capacity.
Solar Connection: The battery must be connected to a new or existing solar photovoltaic (PV) system.
Approved Products and Installers: Both the battery system and the installer must be approved and accredited by the Clean Energy Council.

Beyond the Bottom Line: Additional Benefits for Businesses

While the upfront savings are a major drawcard, the benefits of installing a battery storage system extend far beyond the initial discount. Businesses that invest in this technology can also expect to:

Reduce Electricity Bills: By storing excess solar energy generated during the day for use during peak tariff periods or at night, businesses can significantly lower their reliance on the grid and, consequently, their electricity costs.
Gain Energy Independence: A battery system provides a reliable backup power source during grid outages, ensuring business continuity for critical operations.
Contribute to Grid Stability: By drawing less power from the grid during peak demand, businesses with battery storage help to stabilize the electricity network for the wider community.
Enhance Green Credentials: Installing a battery system demonstrates a commitment to sustainability, which can be a valuable marketing and brand-building tool.

It is important for interested businesses to seek quotes from accredited installers who can provide detailed information on eligible systems and the potential savings based on their specific energy needs and consumption patterns.