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State Labor promises $5,000 home battery rebate to slash bills, soak up rooftop solar - One Step Off The Grid
(onestepoffthegrid.com.au)
this post was submitted on 25 Feb 2025
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@Gorgritch_umie_killa What's the ROI on batteries these days? When I've done the maths in the past it just wasn't worth it. A 10 year loan sounds like you'd just finish paying for it when it needs replacement?
I'd hope the batteries would last more than ten years. But yeah i suspect this is why its a no-interest loan, otherwise ROI on such a depreciating asset could be killer.
Personally i've never felt in a financial position to get on the Solar and Battery train, (been doing slow, and costly reno's). After a coversation with my partner today, i think this has now changed our calculus. So i suppose over the next few months i'll be looking for a more solid idea myself.
If you have any links that cover this stuff that you used before, i am very interested!
A ten year interest free loan ends up being a massive discount on the battery as inflation and wage growth reduce the real cost of the loan.
Of course this depends on wage growth actually occurring, but that's the theory.