The NSW Battery Rebate Launches This Week – Here’s What You Need To Know

Months after being announced, NSW’s battery ‘rebate’ (which isn’t technically a rebate) is due to launch on November 1st.

If you’re a homeowner looking to claim it, here’s what you need to know.

The ‘Rebate’ That Isn’t A Rebate

The coming battery rebate is part of New South Wales’ Peak Demand Reduction Scheme (PDRS) and isn’t a rebate – you are not directly getting money back from the government when you buy a battery.

Instead, your installer claims the incentive on your behalf – and passes it on to you as an up-front discount on your quote.

But it’s too bad for the NSW government because I, and everyone else, will call it a ‘rebate’. Sorry bureaucrats! Clarity is more important than semantics in this case.

What Is The Rebate Worth?

The rebate’s value scales based on a battery’s size in kWh, starting at 2 kWh and capping out at 28 kWh

Its exact value can fluctuate based on demand, but it’s worth about $160 per kWh at the time of writing.

So, for example, the 13.5 kWh Tesla Powerwall 3 attracts about $2,150 in rebates.

Connecting your battery to a Virtual Power Plant (VPP) will earn you an extra $25 per kWh.

If you sign up for a VPP later, you can claim the VPP portion of the rebate then, but you need at least 6 years remaining on the battery’s warranty.

I’ve made a simple NSW government battery rebate calculator to do all the heavy lifting for you:

What Batteries Are Eligible?

The NSW government has a set of quite technical criteria a battery must meet to be eligible for the scheme.

We’ve digested it into a row on our battery comparison table to advise whether a given battery is eligible.

What Do You Need To Know When Getting Quotes?

If you want to claim the NSW battery rebate, you need to use a certified installer.

They do all the paperwork on your behalf—all you’ll need to do is sign a ‘nomination form,’ which gives your installer the right to claim your rebate.

But how can you be sure an installer is certified?

If you get quotes for batteries in NSW through our service, we will only refer you to installers who can provide the rebate. Simple as that.

If you’re looking for granular details on how this scheme works – we’ve got it all on our “How To Get NSW’s ‘Solar Battery Rebate’” page.

Original Source: https://www.solarquotes.com.au/blog/nsw-battery-rebate/