Labor targets cost of living and climate with $2.3bn household battery pledge

More than 300,000 solar systems have been installed each year since 2020 under the small-scale renewable energy scheme. Photograph: Chris Howes/Wild Places Photography/Alamy

Federal Labor has confirmed it will spend $2.3bn to slash the cost of household batteries by 30%, as part of a dual cost-of-living and climate action pitch to voters.

The party believes the change could save households about $4,000 on a typical battery, with expectations that more than 1m new batteries will be sold by the end of the decade.