A record 72,500 battery energy storage systems were installed in Australian homes and businesses last year but energy industry data analyst SunWiz is predicting the market to accelerate rapidly in the coming 12 months with the federal government’s $2.3 billion (USD 1.49 billion) Cheaper Home Batteries Program to kick off next month.
Australian homeowners are increasingly adopting home battery storage systems to reduce energy costs and enhance energy independence. Prices and available incentives vary across the country, making it essential to understand what each state offers.
SunWiz said a record 72,500 residential energy storage systems were installed throughout the country in 2024, delivering a combined total of 852 MWh and boosting the cumulative tally of home energy storage systems installed in Australia to more than 320,000 totalling 3.6 GWh.
A new report charts Australia’s rapid rise in residential battery storage adoption. SunWiz, a market research firm covering Australia’s solar photovoltaic (PV) and storage markets, recently released its annual Australian Battery Market Report charting record growth in residential battery energy storage systems (BESS).
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