Home and Business Battery Scheme update
The Territory Government is increasing the Home and Business Battery Scheme (HBBS) bonus from $5,000 to $12,000 from 1 December 2024.
The scheme will help lower energy bills for Territorians and provide a boost for local businesses benefitting from the supply and installation of solar PV systems and batteries.
Batteries can be used to store excess midday solar energy for release later in the day when demand is higher, reducing pressure on existing power lines and generators.
Home and business customers who add batteries to a PV system, can match the battery release time to the hours when they consume the most power at their property.
The scheme provides eligible homeowners and businesses with access of up to $12,000 for a battery subsidy of $400 per kilowatt hour of useable system capacity.
Grants enable owners to either, buy and install:
- a solar photovoltaic (PV) system with an eligible battery or inverter, or
- an eligible battery and inverter, to complement an existing solar PV system.
Batteries enable households and businesses to maximise use of electricity generated from rooftop solar PV systems while contributing to grid stability and reducing power system costs.
The HBBS grant is available from 1 December 2024 for 12 months, or until the $6 million funding pool is fully subscribed.
Learn more about the HBBS grant and feed-in tariff on the Territory Renewable Energy website and access the grant via Grants NT.
