The number of home batteries installed through the federal rebate has now passed 430,000, as new rules start to rein in what has been stratospheric uptake of residential energy storage – and to dial down the average system size being installed.

Carl Binning, executive general manager of the scheme operations division at the Clean Energy Regulator, has given a fresh update on the progress of federal Labor’s enormously successful Cheaper Home Batteries scheme, just over a month after new settings were introduced.

“We’re just about to hit 12.5 gigawatt-hours of installed battery capacity, and we’ve just breached 430,000 households,” Binning told Australian Energy Week 2026 in Melbourne on Thursday.

“The little kink in the curve there that you can see at the top [of the chart, below] is when the incentive, particularly for larger batteries, was recalibrated on the first of May, but in interacting with the industry, I see sustained demand for battery installations in the coming period.”

Chart: Clean Energy Regulator