Labor’s pledge to subsidise the installation of new home batteries is expected to charge take-up, help households save on their energy bills and reduce the time it takes to pay off making the switch to about half a dozen years.
Prime Minister Anthony Albanese on Sunday promised to spend $2.3 billion to provide 30 per cent rebates on household battery systems from July this year if re-elected on May 3. Labor said the program was designed to help fund 1 million new units by 2030.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
