NSW Home Battery Rebate

The NSW Government has launched a new rebate program to make installing a home battery even more affordable. This is a fantastic opportunity to boost your energy independence, save on bills, and contribute to a cleaner energy future.

Here's the rundown on the NSW Home Battery Rebate:

• Rebates: You can get between $1,600 and $2,400 off the upfront cost of a home battery, depending on the size of the battery.
• Eligibility: This program is for existing solar panel owners. If you're looking to install both solar and a battery, the rebate will be factored into the quote you receive from installers.
• Virtual Power Plant Bonus: There's an additional incentive of $250 to $400 for connecting your battery to a Virtual Power Plant (VPP). VPPs create a network of household batteries that can be used to help manage the electricity grid.
• Start Date: The program kicks off on November 1, 2024.

Why should you consider a home battery?
Home batteries allow you to store excess solar energy generated during the day and use it at night or during peak demand periods. This can significantly reduce your reliance on the grid and bring down your electricity bills.  Additionally, batteries provide backup power in case of outages, keeping your lights and essential appliances on.

Taking advantage of the rebate
The rebate will be accessible through approved suppliers who will be accredited in the coming months. Keep an eye out on the NSW Government website for updates on accredited suppliers.

Word of caution
While the NSW Government's home battery rebate starts in November, there's an opportunity to get a good deal right now.  Due to the five-month delay between the policy announcement and implementation, demand for batteries is currently low, meaning steeper discounts might be available.
However, with a surge in demand expected come November, there's a chance of installation delays and price increases due to limited workers and materials. This could mean the full rebate amount might not translate directly to savings for you.
So, if you're considering a home battery don't wait.  You could potentially save more by shopping around now and enjoying immediate energy bill savings for the next six months.