NSW Home Battery Rebate – Save Big from 1st November
Starting 1 November 2024, NSW homeowners can take advantage of a new government initiative to encourage energy independence and reduce electricity bills. The NSW Home Battery Rebate offers financial incentives for installing battery storage systems, allowing you to store excess solar power and reduce your reliance on the grid. This initiative is a key part of NSW’s renewable energy goals, designed to help residents reduce their electricity costs while supporting cleaner energy use.
Rebate Amounts and Eligibility
The rebate provides between $1,600 and $2,400 for eligible battery installations, depending on the system size. Homeowners and businesses with existing rooftop solar systems can apply, provided they use accredited suppliers under the Peak Demand Reduction Scheme.
Additionally, an extra $250 to $400 is available if you choose to connect your battery to a Virtual Power Plant (VPP), which allows the stored energy to be shared with the grid when demand is high. This bonus can be claimed twice over six years, making it an attractive option for those looking to maximise the return on their battery investment.
To be eligible:
You must have an existing rooftop solar system.
Your battery capacity should be between 2 kWh and 28 kWh.
The installation must be done by an accredited supplier to ensure high safety and performance standards.
Benefits of Installing a Home Battery
Energy Savings: By storing surplus solar energy generated during the day, you can reduce the amount of electricity purchased from the grid, particularly during peak periods, resulting in lower energy bills.
Increased Energy Independence: With a battery, you can store and use your own power, making your household more self-sufficient and less reliant on the grid, especially during outages.
Environmental Benefits: By maximising your use of renewable energy, you’ll be contributing to reducing the state’s carbon footprint and supporting NSW’s clean energy targets.
Boosted Savings with VPP: Connecting your battery to a VPP means you can not only store energy for personal use but also help stabilise the grid, and in return, you’ll receive financial rewards.
Improved Home Value: Properties with solar and battery systems are more attractive to potential buyers due to the ongoing energy savings they offer.
How to Apply for the NSW Home Battery Rebate
Check Eligibility: Ensure you meet the criteria—own a home or business with an existing solar system and plan to install a battery that fits within the capacity range.
Find an Accredited Installer: The rebate requires the use of a Clean Energy Council-accredited installer. Make sure to engage with an installer listed under the Peak Demand Reduction Scheme.
Get Quotes: Obtain quotes for your battery installation. Compare the options and choose a system that meets your needs in terms of capacity and price.
Submit Your Application: After receiving the necessary quotes and confirming eligibility, apply for the rebate via the official NSW government website (details will be available from 1 November).
Installation and Rebate: Once approved, proceed with the battery installation. The rebate amount will be deducted from the overall cost, reducing your upfront payment.
VPP Connection (Optional): To claim the extra VPP rebate, your installer will guide you through the process of connecting your battery to a virtual power plant.
Why Now Is the Best Time to Act
With rising electricity prices and increased demand for energy storage solutions, the NSW Home Battery Rebate presents a timely opportunity to enhance your home’s energy efficiency. By investing in a battery storage system, you not only save money in the long term but also contribute to a cleaner, greener future for New South Wales. Don’t miss out on this chance to secure a significant rebate and future-proof your home against energy price hikes.
For more information on how to apply for the rebate or to discuss the benefits of home battery storage, contact CBR Renewable Energy Solutions. Our team of experts will help you every step of the way, from selecting the right battery system to completing the installation.