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But, you may have missed an important energy announcement by the Australian Federal Government involving batteries for households.As reported by the ABC, the 'Cheaper Home Batteries' subsidy aims to reduce the cost of a household battery's upfront price by 30%. This program will reportedly cost $2.3 billion.The ABC reported that about 320,000 Australian homes already have a battery, according to solar energy consultancy SunWiz. Around one-in-three homes that installed a solar system in 2024 opted to get a battery at the same time.Experts from Macquarie Group Ltd  have given useful commentary.Macquarie said the election promise is \"ambitious\", noting the uncapped household battery subsidy is approximately $372 per kWh installed. 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They tell clients in a note that the policy would favor AGL by creating demand in the middle of the day, reducing peak pricing. They also point out that, while batteries reduce grid-energy consumption, home storage encourages the uptake of electric vehicles and broader electrification. There are also earnings benefits from energy suppliers' expansion of the virtual power plants created by a network of home batteries, they add. Macquarie keeps an outperform rating and A$12.29 target price on the stock, which is up 1.0% at A$10.18. 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