Battery back-up is so expensive and uneconomic that South Australian householders are ignoring the SA governments offer of a $6000 gift to entice them to buy them.
One man installed the batteries and still spent $18,000. Obviously batteries are a “tempting” offer for renters and the poor (if they win lotto).
Richard Davies, ABC
For the past 12 months, the SA Government has offered households $6,000 towards a battery, as well as access to low-cost loans to install solar panels. But so far only about 3,700 have applied, with only 2,000 batteries installed — significantly less than the target of connecting 40,000 households over four years.
Energy analyst Tristan Edis said …
“At best, you’d be getting a payback at around eight years…” and “another reason was that feed-in tariffs to export solar energy back to the grid were still relatively generous — about 15 cents per kilowatt hour.
South Australia is the economic space where one distorted market signal meets another.
The opposition could have pointed out how this hurts the poor, but instead complain that the conservative govt didn’t advertise it well.
And who is poorer because of this scheme and who do they vote for?
h/t Dave B