Jul 26, 2025 · The Sigenergy inverter, embedded within the SigenStor system, functions as a hybrid inverter, meaning it manages both solar input and battery storage. It supports high DC
Victoria’s government has announced changes to the state’s Solar Homes Package that will make smart inverters mandatory for solar power systems installed from the beginning of July under the program. So, what is a smart inverter?
The other change is Vol-Watt and Volt-Var response modes must be available on an inverter. These features, Solar Victoria says, “facilitate greater penetration of distributed energy sources (DER) by automatically improving power quality”.
This is in addition to Australia’s major solar subsidy. The Victorian government says the smart inverter requirement will ensure the state’s grid is able handle the 1 million+ households it expects will be installing solar panels over the next 10 years.
Smart inverters will be mandatory for solar power systems installed from July under Victoria's Solar Homes program. So, what is a smart inverter?
The Clean Energy Council maintains a list of approved inverters that meet Australian Standards for use in the design and installation of solar panel (PV) systems. All solar PV inverters on our list are compliant to IEEE 2030.5-2018 and Common Smart Inverter Profile (CSIP)-AUS ready.
Through solar battery rebates and loans, more than 20,000 solar battery systems have been installed across Victoria. The Government has helped Victorian families slash $1 billion off the installation of solar panels, energy efficient heat pumps and batteries – saving hundreds of millions off Victorian energy bill.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.