On grid solar storage project financing options in Australia 2026

How much money will FutureGrid provide?

Provide $25 billion of equity to FutureGrid ($10 billion in 2022-23 and $3.75 billion in each year from 2023-24 to 2026-27). Element 1 would provide grants of up to $5,000 to any Australian household to install household storage technology. Grants would be limited to 50% of the total cost of the upgrade.

How can I save money on a rooftop solar system?

There are government subsidies, rebates and loan options that can help you pay for rooftop solar or an associated battery for your home or business. You can save money on a rooftop solar system for your home or business through a range of government assistance schemes.

Should the government invest in pumped hydro energy storage (PHES)?

(CEFC) funding should be leveraged.Federal and state energy ministers should invest in project planning and assessments of new Pumped Hydro Energy Storage (PHES), as it is an established LDES estment Scheme (CIS) mechanism developmentThis is a no regrets recommendation and can

When will FutureGrid start making investments?

Similar to the Clean Energy Finance Corporation (CEFC), FutureGrid would commence making investments a year after establishment, allowing for preparations required to enable entry into the transmission and distribution market. There is a large pool of existing transmission and distribution assets available to purchase.

How many solar farms does EGPA operate?

EGPA currently operates three solar farms, including Bungala One and Two projects in South Australia, which together have a capacity of 220 MW, and the 27 MW Cohuna Solar Farm in Victoria. It has also commenced the commissioning of the 93 MW Girgarre Solar Farm in central Victoria and the 76 MW Flat Rocks wind farm in Western Australia.

What is a solar loan?

A loan allows you to borrow part or all of the cost of your solar system and/or battery. By reducing or removing the upfront cost, an interest-free or low-interest loan makes solar or a battery more affordable because it can be paid off more quickly, potentially using the bill savings it creates. Eligibility criteria for loans may relate to: