SA Home Battery Scheme to subsidise Redback storage system

Redback Technologies Australia

Thursday, 07 February, 2019

SA Home Battery Scheme to subsidise Redback storage system

Brisbane-based start-up Redback Technologies has announced that its solar and storage solution, the Smart Hybrid System, will soon become available on a subsidised basis under the South Australia’s Home Battery Scheme. Redback is the only Australian-based company to currently be involved in the scheme.

Announced in October, the scheme allows SA households to receive state government grants of up to $6000 to install solar home battery technology. The program is intended to make it easier for consumers to shift to more affordable and reliable energy sources.

“We applaud the South Australian Government for introducing the subsidy,” said Redback CEO Patrick Matweew. “They are refocusing efforts on empowering consumers to take control of their energy future, whilst simultaneously driving energy prices down, taking stress off grid infrastructure and helping to limit climate change. It’s truly a win-win situation.”

The Smart Hybrid System features a 5 kW inverter, plus a battery cabinet which is expandable and holds up to 9.6 kWh of energy storage. The system also has intuitive consumer apps, designed to help home owners understand their energy consumption and generation.

“As an Australian-born and -bred company, we understand the struggles that Australian consumers have when it comes to their energy bills,” said Matweew. “Since 2015, we’ve been building a product that puts the Australian home owner at the heart of the technology.”

Redback will be working with key installers in the South Australian market, including NRG Solar Services, Class A Energy Solutions and Greener Housing Solutions, to increase the number of installations of its product in the state. Matweew said he is “confident that the South Australia battery scheme will open us up to a new market and increase our footprint around Australia”.

The new scheme is similar to a program run by the Queensland Government which Redback is also involved in, providing loans and grants for home owners and small businesses who install combined solar and storage systems. It is the company’s hope that similar subsidy schemes will eventually be introduced on a federal level, further empowering consumers to take charge of their electricity costs and introduce greater competition into the energy market.

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