Record installations of home solar and battery systems |
Home battery installations shattered records in April. Householders were racing to secure the biggest possible discount for the biggest possible energy storage system before changes were introduced to the federal rebate that are designed to encourage much smaller systems.
Industry analyst SunWiz says the race to beat the 1 May changes to federal Labor’s Cheaper Home Batteries rebate “sent the market into a frenzy,” adding a record 2.4 gigawatt-hours (GWh) of new residential storage capacity for the month – a 57 per cent jump on March numbers.
“The graph [below] shows that linear growth cannot be used to describe this chart,” SunWiz says.
“In fact, we’re seeing something close to exponential growth”, it adds, “particularly given the tremendous increase from March to April, with 2.4 GWh now being registered for the first time in battery STC [Small-scale Technology Certificates] history.”
The data gels with the latest figures on Cheaper Home Batteries from federal energy minister Chris Bowen, who last week revealed that total system installations under the scheme had reached more than 360,000 in the 10 months since the program was first launched.
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