NSW Battery Rebate Scheme
Sunpower All-Black Panels → 16 x Free panels with a Maxeon Reserve Battery
Across NSW, we are seeing ads popping up on social media saying the government are paying to install solar and batteries on your home, and they are right (kinda).
NSW Government is commencing a Battery Rebate to begin in November 2024 under their Peak Demand Reduction Scheme (PDRS), a government scheme that sits parrallel to the NSW Energy Savings Scheme (ESS).
The PDRS will introduce Residential Battery installations as an eligible technology from 1-November-2024. For Eligible installations, solar installers will be able to create and claim Peak Reduction Certificates (PRC’s) where a battery is installed at a home or small business in 3 circumstances;
For a solar and battery installation (no existing solar or battery onsite)
Retrofitting a battery to an existing solar installation (no existing battery)
Connecting a new or existing battery to a VPP
NSW Residents looking to install solar and battery storage for the first time, you will be able to claim STC’s from the solar panels being installed as well as the battery PRC’s being created = Double Win.
ELIGIBILITY CRITERIA
New Battery Installations meeting the following criteria are eligible to claim the PRC rebate:
2-28kWh capacity
Battery is on the CEC registered products list
In a residential or business setting
Must have an existing solar system, or have solar installed concurrently with the battery
10-year minimum warranty (guaranteeing retention of a minimum of 70% of useable capacity)
Registered on the DER register
A smoke alarm must be installed near the battery (if installed in a garage)
The customer has paid a minimum of $200 exc GST
A second lower-value rebate is available where:
A new battery compliant with the above criteria is connected to a VPP
An existing battery compliant with the above is connected to a VPP, providing a minimum of 6 years are left on the product warranty
Having looking into the market of eligible batteries for the PDRS scheme, at $2 per PRC, we believe the following batteries will be eligible & the estimated rebates;
Sunpower All-Black Performance Panels
→ 16 x Free panels with Maxeon Reserve Battery
Tesla PowerWall 3 13.5kWh = $1,600 - $1,900
Maxeon Reserve 9.6kWh = $1,225 - $1,400
Sungrow SBR 6.4kWh = $775 - $1,000
Sungrow SBR 9.6kWh = $1,200 - $1,500
Sungrow SBR 12.8kWh = $1500 - $1,800
Sungrow SBR 16kWh = $2,200 - $2,400
BYD HVS 5.12kWh = $550 - $850
BYD HVS 7.68kWh = $950 - $1,250
BYD HVM 11.04kWh = $1,400 - $1,700
BYD HVM 13.80kWh = $1,700 - $2,000
BYD HVM 16.56kWh = $2,200 - $2400
