New household battery incentives now available for NSW
Residents across the state can take advantage of the NSW Government's new incentive to make battery storage more affordable.
Installing more batteries across NSW will enable homes and businesses to maximise their use of generated solar energy, lower electricity bills, enhance grid reliability and stability, and decrease reliance on fossil fuels during peak demand periods.
A battery can provide households with a backup power supply during natural events.
Under this scheme starting November 1, eligible homeowners and businesses can receive a discount on the upfront installation cost of a battery through government-approved suppliers.
The discount, based on battery capacity, ranges from approximately $1600 to $2400 for a typical system of 13.5 kWh. This will be available for both new and existing solar systems.
The scheme also offers an additional incentive of around $250 to $400 for connecting a household or business battery to a Virtual Power Plant (VPP).
This connection allows sites to collectively share their battery capacity with the grid, further enhancing grid stability.
Businesses that operate VPPs in some cases also provide additional incentives and bill reductions to participate which can make this an attractive option.
Interested residents should contact local solar and battery installers to inquire about their participation in the scheme and obtain multiple quotes to compare prices and get advice on choosing the system that is right for their individual energy use.
These incentives are part of the Peak Demand Reduction Scheme (PDRS), which is a scheme that aims to reduce energy demand during peak hours.
The Peak Demand Reduction Scheme is a key pillar of the recently released NSW Consumer Energy Strategy, designed to ensure households and businesses can participate in and benefit from the energy transition.
For information on how to access the incentives, visit our website: https://www.energy.nsw.gov.au/install-battery
