Battery subsidies set for faster phase-out

Detailed summary

Labor’s home battery subsidy scheme will become less generous and be phased out faster under the top options being considered by the federal government.

An accelerated phase-out of the $7.2 billion home battery subsidy scheme is one of the top options being considered by the Albanese government as it looks to curb the runaway cost of the popular program in next month’s mid-year budget update.

The government has subsidised the installation of more than 600,000 batteries since July 2025, but is exploring changes to the size of the rebate, with new analysis showing that even modest cuts could save the budget more than $1.1 billion.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.