With power prices climbing and energy uncertainty continuing, solar panels have become a no-brainer for many Aussie households. The federal government’s Cheaper Home Batteries program offers a 30% discount on battery installations from July 1st. This makes combining solar and battery storage a smarter investment.
So what kind of return on investment (ROI) can you expect? And how long will it take to pay off your system? Let’s dig in.
There’s no doubt solar has been a game-changer for households — especially in sunny regions like Shoalhaven and the South Coast. But adding a battery means you can take it further:
Store excess solar to use later, instead of exporting it for a tiny feed-in tariff
Use solar after dark when electricity prices peak
Avoid blackouts with secure backup power
Protect against bill shocks by reducing grid reliance
Now, with the federal government’s 30% discount and the NSW battery rebate, the upfront cost is much lower. This makes the payback period faster than ever.
The federal Cheaper Home Batteries program:
Provides a 30% discount at the time of installation
Applies to households, small businesses and community facilities
Works alongside existing state rebates
Was included in the 2024–25 federal budget with $2.3 billion in funding
Aims to get 1 million batteries into Aussie homes by 2030
This rebate is already factoring into quotes and installations — no more waiting.
Let’s run the numbers for typical Shoalhaven homes:
Retail cost: $10,000
Federal rebate : -$3,500
NSW rebate: -$2,400
Out-of-pocket: $4,100
Estimated annual savings: $1,800
Payback period: 2.5 years
Retail cost: $18,000
Federal rebate: -$5,400
NSW rebate: -$4,750
Out-of-pocket: $7,850
Estimated annual savings: $3,200–$3,500
Payback period: 2–3 years
Battery cost: $9,000
Federal rebate: -$2,700
NSW rebate: -$2,400
Out-of-pocket: $3,900
Estimated annual savings: $1,500–$1,800
Payback period: 2–3 years
Rewiring Australia says a household battery can save you $1,000 to $2,300 each year. This depends on your system and how you use it. But the benefits go further than cost:
Stabilises your bills against market volatility
Protects against blackouts and grid instability
Enables EV charging with solar
Improves resilience during disasters
One battery might not change much — but 1 million batteries? That can help lower electricity prices for everyone.
Several factors influence how quickly your system pays for itself:
Factor | Impact on ROI |
Battery size | Bigger batteries can deliver more savings |
Solar system size | More solar = faster battery charging |
Time-of-use tariffs | Better results when solar offsets peak rates |
Feed-in tariffs | Lower FiTs make batteries more attractive |
VPP participation | Earn credits by sharing energy with the grid |
Usage habits | Higher night-time usage = more savings |
Australia’s energy market is volatile — batteries flatten those peaks and troughs.
Solar feed-in tariffs are falling — and will continue to.
Electricity demand is changing — batteries allow homes to shift power usage.
A solar battery is more than a financial tool. It provides energy security and independence. It helps you take control.
We’ll take a look at:
Your recent electricity bills
Solar system size and export levels
Household usage patterns
Rebate eligibility
Then we’ll show you exactly how long it’ll take to break even — and how much you’ll save over time.
There are federal and state rebates available.
Battery prices are lower now.
Battery technology has improved.
This is a great time to invest.
Call Shoalhaven Solar on (02) 4464 1597 or request a free quote. We’ll help you unlock the full value of your solar and battery system — with fast payback and long-term peace of mind.