Incentives, Grants and Support Australian Government Programs
Australian Government programs and grants include:
- A$20 billion Rewiring the Nation program provides low-cost finance to upgrade and expand the Australian electricity grid.
- A$15 billion National Reconstruction Fund targeting up to A$3 billion in funding to support renewables and low emission technologies.
- The expanded Capacity Investment Scheme will deliver 32 GW of renewable energy generation. The scheme will unlock over A$65 billion of renewable energy capacity. This investment will help transform the electricity grid to one powered by renewables.
- The Solar Sunshot Program will invest A$1 billion to develop Australia’s solar PV manufacturing industry. The program will support manufacturers to establish and grow facilities across the solar PV supply chain.
- The Battery Breakthrough Initiative (A$523.2 million over 7 years) will help manufacturers move up the battery value chain. This is a key deliverable under the National Battery Strategy.
- Funding worth A$1.9 billion in our Powering the Regions program supports clean energy industries and the decarbonisation of existing industries.
- Large-Scale Renewable Energy Target (LRET) incentivises investment in major renewable projects such as solar farms. A similar scheme exists for individuals and small businesses to install eligible small-scale renewable energy systems.