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Anthony Albanese has announced a $2.3 billion investment that would slash the cost of household batteries by 30 per cent as part of a combined cost of living and climate change action pitch to voters.
At a press conference in Brisbane today, the prime minister said the move would save households around $4000 on installing a home battery.
"We're taking the next step on roof top solar," Albanese said.
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"Rooftop solar is a great Australia success story.
"Every solar panel in the world contains Australian ideas and Australian innovation."
According to Albanese, one in three households have solar panels but only one in 40 homes has a battery.
"Batteries change the equation," he said.
"Every household that installs a battery, drives down energy prices for everyone else because it drives down peak demand."
Albanese is spruiking the incentive as action on cost of living and climate change, as more uptake in solar batteries will take pressure off the power grid.
The discount will be available from July 1 with Labor expecting to see at least one million new batteries installed by 2030.
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