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Battery Storage
Peak Demand Reduction
Scheme
The new Home Battery Rebate for NSW is a financial incentive from the government to encourage end users to purchase solar batteries. We need to adopt renewables and move away from burning fossil fuels, and this rebate scheme is encouraging everyone to do so.
What is it?
The incentive will be available on 1 November 2024, the Peak Demand Reduction Scheme.
If you are eligible, you could save as much as:
Between $1,600 – $2,400 off the upfront cost of a solar battery, but you must have solar already installed. Depending on the size of the battery will be the factor that determines your rebate amount.
Between $250 – $400 rebate is available for connecting your battery to a virtual power plant (VPP). Battery owners can receive this rebate twice in their battery’s lifespan with a minimum of 3 years between applications. There must be at least 6 years remaining on the battery’s warranty.
If you don’t have solar already installed: the incentive can be priced into the quote from a certified installer.
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Much like the rebate for solar (STC scheme), the discount is applied immediately off the upfront cost by your installer.
