According to reports, the Victorian government has promised to provide half-price solar cells to 10,000 families if it wins the November election. The commitment follows the Labor Party's commitment of A$1.3 billion and promises to pay half of the cost of installing 650,000 homes for solar panels in the next 10 years. According to the announced plan, if solar panels are installed, the homeowner can apply for a 50% discount on the battery storage unit.
The plan's ceiling for the first year is $4,838 per household, and then gradually drops to $3,714 by 2026, as the cost of installing batteries is expected to decline.
The Australian Prime Minister also revealed that the Victorian government has signed contracts with six solar and wind farms. He said that by 2020, 640,000 Victorian families will be provided with renewable energy.
Victoria has a legislative renewable energy target that requires 25% of energy generation to come from renewable sources by 2020 and 40% by 2040.
The state government also said that by 2020, six development projects will generate a total of 928 megawatts of electricity, enough to provide renewable energy to 640,000 homes.