Home batteries subsidy overhauled with $5bn 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 batteries

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Discounts 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.

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Source: www.theguardian.com

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