With the NSW Battery Incentive set to launch on 1 November 2024, our team is getting a heap of enquiries about how this incentive works, who’s eligible, and what you can expect in terms of savings. Rest assured, choosing to partner with a Accredited Certificate Providers (ACPs) like Rainbow Power Company will make the entire process seamless and we're here to help every step of the way and answer any questions you might have.
How Does It Work?
The incentive is part of the Peak Demand Reduction Scheme (PDRS), rewarding those who install or connect eligible batteries. Rebates are based on Peak Demand Reduction Certificates (PRCs) generated by the battery, which are traded to create financial benefits.
Who Is Eligible?
The incentive is available to NSW residents and small businesses that install a battery system with a capacity between 2kWh and 28kWh. To qualify, the system must have a minimum 10-year warranty and meet performance standards.
To qualify for the NSW battery incentive, you must:
- Be a resident or small business in NSW
- Install a battery with a capacity between 2kWh and 28kWh
- Use a licensed installer who meets government regulations
- Ensure the battery system comes with at least a 10-year warranty
- Contribute a minimum of $200 to the cost
- New battery installs only
The battery must also meet performance standards to qualify for the incentive.
How Much Will I Save?
Savings will depend on the number of PRCs your battery generates. Generally, the rebate could cover a portion of your installation cost, but you’ll need to contribute at least $200.
For example, below are estimates for a various Sungrow Systems (note these are ESTIMATES only and the final rebate amount will depend on a number of factors).
Sungrow System | NSW Rebate Estimate |
9.6kW | $1,263 |
12.8kW | $1,751 |
15kW | $2,096 |
Can I Choose the Model of Battery?
Yes! As long as the battery model meets the eligibility requirements (capacity, warranty, and performance), you’re free to choose the system that best suits your needs. Certain models may also qualify for additional rebates if they are connected to a Virtual Power Plant (VPP).
What is a Virtual Power Plant and How Does That Work With The Rebate?
A Virtual Power Plant (VPP) is a network of connected batteries that share energy with the grid during peak demand periods. By joining a VPP, your battery stores excess energy and can discharge it when the grid needs extra power. This helps stabilise the energy system and can reduce your electricity costs. Under the NSW battery rebate, additional incentives may be available for batteries connected to VPPs, as they provide greater benefits to the grid.
What's the Process For Getting The Rebate With Rainbow Power Company?
- Contact us ASAP so we can provide you with a quote. The quote we provide you will include all the relevant PRC & STC rebates (which we claim on your behalf)
- You sign the quote and pay your 10% deposit
- Our install team will be in touch about an installation date (usually within 4 weeks)
- Final payment is due on the date of installation
Do I Get the Money?
Rebates are provided to your installer or battery retailer as an upfront discount, so you won't receive cash directly. However, this means you’ll see the savings on your overall installation bill, reducing the out-of-pocket cost.
Can I Install It Myself?
No, you cannot install the battery system yourself. The NSW Government’s battery incentive requires that the installation be performed by a licensed electrician who meets specific regulatory and safety standards. This ensures the battery is installed safely and operates effectively, qualifying for the rebate under the program.
More Info:
NSW Government: Energy Sustainabity Schemes