The NSW Battery Subsidy is Now Available: Book Now & Save! The PDRS
The PDRS

NSW Battery Rebate 2024: Subsidy Eligibility & PricingšŸ”‹2024

Posted 13 Nov

NSW 2024 Battery Subsidy: Peak Demand Reduction Scheme

The battery incentive is here! After years of waiting for a battery subsidy, solar owners can now access battery storage discounts on their first battery through the Peak Demand Reduction Scheme (PRDS). Here we'll go through everything you need to know about the incentive, with specified requirements, eligibility, estimated pricing.

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Is the NSW Battery Incentive a Rebate?

Whilst the incentive is commonly referred to as a rebate, the scheme technically isn't a rebate.

As certificates are created from each battery installed, they are then traded with an energy retailer based on their maximum demand over 3 selected days through summer. For estimated discount pricing, visit our PDRS page.

However, this hasnā€™t stopped everyone from referring to it as a rebate, so for readability's sake, we'll continue to refer to it as a rebate.

solar battery storage residential
Home battery storage

What is the PRDS Incentive?

The ā€˜Peak Demand Reduction Schemeā€™ (PDRS) is designed to incentivise more Australians to invest in home battery storage, through up-front installation cost reductions. The options will allow you to take advantage of rooftop solar by adding battery storage, and by connecting to a Virtual Power Plant (VPP).

The program initiates from November 1st 2024 with no end date, and is aimed to help stabilise the grid, further contributing to Australiaā€™s Net Zero targets and reducing overall emissions.

There are available solar battery rebates and schemes for homes and businesses across NSW. Here are the official scheme reductions for solar battery storage from the NSW Government.

Existing Solar

Homes and businesses with existing solar can get a value off the up-front installation cost of a battery, depending on the battery size. 

Without Solar

The incentive can be quoted into a new solar and battery system. 

Virtual Power Plants

Get between $250-$400 for connecting your business or home to a Virtual Power Plant (VPP). This is available twice, with at least 3 years between claims.  

Get the latest updates.

Sign-Up for NSW Battery Rebate Updates

Sign up for updates here! We'll send you relevant information as soon as we get any updates.




Official NSW Battery & Customer Requirements

According to the ā€˜Peak Demand Reduction Schemeā€™, signed by Penelope Sharpe, the equipment requirements for the battery incentive for NSW are:

1. CEC Approved Battery List

The battery must be listed on the CEC approved battery list.

2. 2-28kWh Battery Capacity

Battery storage must have a usable capacity of 2-28kWh of storage.

3. 6+ Years of Covered Warranty

Manufacturer must cover the battery under warranty for greater than 6 years.

4. Minimum Temperature Range

The battery's temperature range should be at least -10 Ā°C to 50 Ā°C.

5. Warranted Throughput Energy

2.8MWh of throughput p/kWh before April 1, 2026
3.65MWh of throughput p/kWh after April 1, 2026

6. 70% of Usable Capacity

After 10 years, the battery should have at least 70% usable capacity remaining.



Customer Eligibility Requirements

Good news, there aren't many requirements to be eligible for the PDRS.

1. Existing or New Solar System

You will need to have a solar system installed or get one installed with along with the battery.

2. Accredited Certificate Provider

Ensure your installer is partnered with an Accredited Certificate Provider (ACP) to qualify.




NSW Battery Rebate Eligibility Comparison Table

Below is a table of reputable battery storage units that we install. Here we outline each unit's specifications and if they are fit the current criteria for incentive eligibility. Fits Requirements, Does not fit Requirements, Unknown.

NSW BATTERY REBATE REQUIREMENTS

(1)

(2)

(3)

(4)

(5)

(5)

(6)

(Click for Warranty PDFs) CEC Approved List  2-28 kWh Capacity  <6-year warranty  -10 Ā°C to 50 Ā°C  Temp. range <2.8MWh  throughput per kWh (Pre-April 1 2026) <3.65MWh throughput per kWh (Post-April 1 2026) <70% capacity after 10 yrs 

Tesla Powerwall 2 
Yes 
13.5 kWh 
10 Years ā€“20Ā°C to 50Ā°C Unlimited / 2.8 MWh per kWh Unlimited / 2.8 MWh per kWh 70%

Tesla Powerwall 3 

Yes 13.5 kWh 10 Years ā€“20Ā°C to 50Ā°C Unlimited / 2.8 MWh per kWh Unlimited / 2.8 MWh per kWh 70%

Sungrow SBH series 
Yes 
10-25 kWh 10 Years 
Chargeļ¼š0 ā„ƒ to 50 ā„ƒ Dischargeļ¼š-20 ā„ƒ to 50 ā„ƒ 
4.2 MWh per kWh 4.2 MWh per kWh 70%

Sungrow SBR series 

Yes 
9.6-25.6 kWh 10 Years Chargeļ¼š0 ā„ƒ - 50 ā„ƒ Dischargeļ¼š-20 ā„ƒ - 50 ā„ƒ  4.2 MWh per kWh 4.2 MWh per kWh 70%

BYD Battery-box HVM 
Yes 8.3-22.1 kWh 10 Years -10 Ā°C to 50Ā°C 3.1 MWh per kWh 3.1 MWh per kWh 70%

BYD Battery-box HVS 

Yes 5.1-12.8 kWh 10 Years -10 Ā°C to 50Ā°C 3 MWh per kWh 3 MWh per kWh 70%

GOODWE Lynx Series LX F G2 

Yes 6.4-28.8 kWh 10 Years Charge: 0 ~ 50; Discharge: -20 ~ 50 3.65 MWh per kWh 3.65 MWh per kWh 70% 

NSW Battery Scheme Requirements Explained

Not everyone is going to have a full idea of what the requirements of the PDRS are actually referring to, so below is a quick explainer on each requirement and what is means to help give you a better idea of what's eligible.

Approved Product List: The Clean Energy Council have an approved battery list where you can view battery and other equipment eligibility, including eligibility for the PDRS.

Useable Capacity: With the range of 2-28 kWh of usable capacity, it refers to the amount of energy a battery can actually store and distribute. This will be slightly less than the nominal total capacity. According to the NSW Governmentā€™s website, a typical 5-person household consumes about 25kWh per day. 

Warranty Duration: Battery manufacturers are required to have at least 6 years of warranty to ensure long-term protection. However, the batteries we install like Tesla Powerwall, Sungrow, and BYD batteries all come with 10-year warranties. This confirms your unit is covered in the event of any failures.


Warranty Temperature Range: The temperature range is specified to ensure the battery will perform reliably in various climates. Some batteries have multiple temperature ranges which may make things confusing.

Warranty Throughput: Throughputs refer to how long a battery can last with a significant number of charging and discharging cycles. This is to confirm you are getting the most value for money and avoid premature failure.

70% Remaining Capacity: Over the course of 10 years, batteries will have an expected degradation, which is measured of the remaining available usable capacity. Tesla Sungrow, and BYD all have 70% remaining coverage on their warranties.

The Peak Demand Reduction Scheme Rule Change (Page 8)

'For installations that occur before 1 April 2026, batteries must be warranted to a cumulative energy throughput equivalent to 2.8 MWh/kWh. This value accepts the conservative approach used by some market-leading manufacturers and allows for a high degree of consumer choice when it comes to selecting a brand and model of battery.
From 1 April 2026, the throughput warranty requirement will increase to 3.65 MWh/kWh.'
BYD battery box HVM

What Batteries are Eligible for the NSW Battery Rebate?

Both the NSW Government and manufacturers have recently changed documentation and requirements for the inclusion of more battery options.

The batteries we primarily install like Tesla Powerwall, Sungrow SBH & SBR batteries, and BYD Battery-Box are all now eligible for the NSW battery rebate for 2024. The approved battery list defined by the NSW Government is still yet to be announced, but we assume that these will be included.

Tesla Powerwall 2 & Powerwall 3

According to the specified requirements, Tesla Powerwall 2 and Powerwall 3 are both eligible for the NSW battery rebate. They both have sufficient warranty coverage and specifications

Sungrow SBR & SBH Battery Models

As of October 1st, Sungrow have updated their warranty coverage to accommodate the 70% battery retention over 10 years, making Sungrow eligible for the battery rebate with their SBR and SBH series.

BYD Battery-Box

With its recent warranty update of 70% usable capacity over 10 years, BYD Battery-Box is now fully-eligible for the NSW battery rebate for 2024.
This includes both HVM and HVS Battery-Box models.



How Can You Take Advantage of the Battery Incentive?

Switch to Amber and Earn

Amber allows customers to access the wholesale energy market, and buy cheap energy, and sell that and excess solar to the grid for returns.

By investing in battery storage, you not only maximise your solar energy, but you can trade on the wholesale energy market, and using Amber SmartShift, can turn your battery into an ATM.

Some members of our team have joined Amber with their solar and battery systems, and have been able to earn up to $220 in one day by selling their stored energy through peak demand spike periods.

Maximise Your Solar

Whether you have solar, or will invest in it, having battery storage will allow you to take full advantage of the solar energy you generate.

By having the ability to store excess solar energy for later, you become reliant on free, clean energy instead of expensive grid energy during peak periods.

A solar system can be incorporated into your battery quote so you can get both from the same installer for the ultimate experience.

What Does Battery Storage Actually do? 

If you're new to battery storage for homes and businesses, you're not alone!

Battery storage is a great way to store excess solar generated throughout the day to be consumed through peak demand periods. Battery owners can maximise their solar investment, reducing energy costs, and grid demand, whilst also contributing to grid stability and reduced emission targets. 

Who is the Battery Scheme for? The rebate is for people who are looking to invest in solar batteries, to help more Australians gain access to this evolving technology.

There is a lot of potential on how this rebate can pan out, benefiting everyone from customers to local businesses. With a well-refined battery storage rebate, it allows more of the community to access energy storage, which all contributes to a stabilised electricity grid for more reliable and cheaper energy.

With discounts on battery storage, it emulates what happened with the solar rebate, where Australia became a powerhouse, and now leads globally in rooftop solar. NSW saw a rapid uptake of solar systems, in which we saw the investment pay off successfully in not just individual returns, but Australia's renewable energy transition with over 11% of Australia's electricity coming from rooftop solar in Q4 2023.

BMS for battery

Conclusion

Overall, this is a fantastic opportunity for those who are looking into investing in their energy with rebates on both solar systems, and battery storage. Having this kind of system will allow you to become more energy independent and self-sufficient by relying on the energy you generate.

Feel free to sign up to stay up-to-date in the battery rebate, or book now, and we can get you started with free quoting to help you find the optimal solution for you and your property.

  




Sources

September Update PDF

https://www.energy.nsw.gov.au/sites/default/files/2024-05/20240524_Peak_Demand_Reduction_Scheme_Amendment_No_1_Rule.pdf

https://www.energy.nsw.gov.au/households/rebates-grants-and-schemes/household-energy-saving-upgrades/residential-battery-incentives

https://www.energy.gov.au/solar/financial-benefits-solar/government-rebates-and-loans-solar


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Andrew Laf wrote:
25 Oct 12:54pm
Not helpful
Could find so many articles on how i am eligible for k 2.4 rebate on battery a month ago , now cant find shit when i need it ffs
Jake L
Jake L replied with:
29 Oct 7:10am
Hi Andrew, what information were you looking for? We can add to the article if needed. We added a few things yesterday that might help? Cheers.

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