The NSW Government has launched a game-changing incentive that promises to revolutionise energy storage for homes and businesses nationwide.
Starting November 1st, 2024, the NSW solar battery rebate—an integral part of the Peak Demand Reduction Scheme (PDRS)—will help eligible participants save on battery installation costs while contributing to a cleaner, more reliable electricity grid.
This blog explains the NSW Battery Incentive, who qualifies, and how Solar Battery Group can help you access these savings.
This initiative is part of a broader effort to enhance grid stability, reduce fossil fuel reliance during peak periods, and help NSW meet its ambitious net zero emission target by 2050.
What Is the NSW Battery Incentive?
The NSW Battery Incentive is designed to reduce upfront costs for installing solar battery storage. Eligible NSW homes and businesses can receive:
- Up to $2,400 Off Installation: Savings vary depending on the battery size.
- Additional Savings for VPP Connection: Connect your battery to a Virtual Power Plant (VPP) and claim an extra $250 to $400 in savings.
This initiative is part of a broader effort to enhance grid stability, reduce fossil fuel reliance during peak periods, and help NSW meet its ambitious net zero emission target by 2050.
Eligibility Requirements
Before you jump into the process, make sure you meet these simple eligibility criteria:
- Existing Solar PV System: You must already have a solar panel system installed.
- Battery Capacity: The battery you choose should have a usable storage capacity between 2 kWh and 28 kWh.
- Approved Installer: Your battery installer must be an Accredited Certificate Provider (ACP). Solar Battery Group proudly partners with ACPs, ensuring you qualify for the incentive when your installation takes place after November 1st, 2024.
These broad requirements mean that a wide range of NSW residents and businesses can take advantage of this program.
How to Access the NSW Battery Incentive
Verify Your Eligibility
Start by confirming that you are a NSW home or business owner with an existing rooftop solar PV system that complies with all relevant standards and regulations.
Choose an Accredited Installer
Ensure your installer is accredited by an ACP.
At Solar Battery Group, we work closely with ACPs to offer you the incentive right at the point of sale. Our team is ready to provide a no-obligation consultation—just contact us or request a callback at your convenience.
Select the Right Battery
Partnering with a quality installer like Solar Battery Group means you’ll choose a battery that not only meets performance standards (including warranty and capacity requirements) but also seamlessly integrates with your existing inverter.
Complete the Required Documentation
Like any incentive program, some paperwork is involved. You’ll need to sign a nomination form that authorises the ACP to claim the incentive on your behalf. Once the installation contract is finalised and the paperwork is submitted, the incentive will be applied directly to your purchase.
Schedule your Installation
After all documentation is complete, your installer will schedule a convenient installation date. They will also coordinate with your network provider and electricity retailer to activate your new battery system.
Battery Equipment Requirements for NSW PDRS
To ensure that every installation delivers top-notch performance, batteries must meet specific criteria:
- Approved Equipment: Only batteries listed on the NSW-approved product list qualify. This list will be published closer to the incentive’s start date.
- Usable Storage Capacity: Batteries must offer between 2 kWh and 28 kWh of usable energy.
- Connectivity and Control: Your battery should be internet-connectable and controllable, allowing you to manage and program its operation.
- 10-Year Warranty: A robust warranty is essential. Batteries must carry a 10-year warranty guaranteeing at least 70% usable capacity retention, along with conditions such as operation within -10°C to 50°C and a minimum warranted throughput of 3.65 MWh per kWh over their lifespan.
By installing a solar battery, you can store surplus energy generated during the day for use at night, reducing your dependence on the grid.
Understanding the NSW PDRS
The Peak Demand Reduction Scheme (PDRS) is the backbone of the NSW Battery Incentive. Here’s how it works:
- Peak Reduction Certificates (PRCs): Installing an eligible battery enables your installer to claim PRCs, which help balance energy demand and reduce grid strain during peak periods.
- Accredited Certificate Providers (ACPs): ACPs work hand-in-hand with installers to manage and document the necessary certificates, ensuring that all scheme requirements are met.
- Scheme vs. Rebate: Unlike traditional rebates, the PDRS incentive is applied at the point of sale. This means you receive the discount upfront as your installer claims the PRCs.
- Duration: The scheme runs until 2030, paving the way for long-term energy storage adoption and supporting NSW’s sustainable energy goals.
Benefits of Claiming the NSW Battery Incentive
Maximise your Solar Power
By installing a solar battery, you can store surplus energy generated during the day for use at night, reducing your dependence on the grid.
Increase Grid Stability
Widespread battery adoption will lead to a more stable and reliable electricity grid by easing pressure during high-demand periods.
Reduce your Electricity Bills
Stored solar energy can significantly lower your electricity costs, especially during peak times when grid prices are highest.
Ready to Make the Switch?
The NSW Battery Incentive is a fantastic opportunity for NSW residents and businesses to maximise solar energy use, reduce energy bills, and support a cleaner environment. With straightforward eligibility requirements and expert guidance from Solar Battery Group, now is the perfect time to upgrade your energy system.
Contact us today for a no-obligation consultation, or request a callback to explore your options. Let us help you navigate the NSW PDRS Scheme and take advantage of these incredible incentives—because smarter energy choices today lead to a more sustainable future tomorrow.
Embrace the future of energy with Solar Battery Group—where expert advice, quality installation, and outstanding savings come together for a brighter, more efficient NSW.