The NSW Government has recently announced a new battery rebate incentive to make household batteries more accessible and affordable for residents.
This is a significant step towards promoting renewable energy and reducing energy costs.
The rebate is part of the Peak Demand Reduction Scheme aims to encourage households and businesses with existing solar panels to invest in cheaper, subsidised batteries to store solar energy. This will help reduce energy bills and contribute to the reliability of the statewide electricity grid in NSW.
How the Rebate Works
The new incentive offers between $1,600 and $2,400 off the up-front installation cost of a household battery for homes and businesses with existing solar panels.
Additionally, for those wanting to install solar, the incentive will be considered in the quote for a new solar and battery system installation.
Furthermore, a $250 - $400 incentive is available for connecting a battery to a Virtual Power Plant (VPP), which can be claimed a second time three years on.
Benefits of the Rebate
By connecting batteries via a VPP agreement, households and businesses can collectively share capacity across the energy grid, ensuring a stable and reliable energy supply.
This initiative not only supports the transition to renewable energy but also offers financial relief to residents, especially those under financial stress, by helping them deal with rising energy prices.
What are Virtual Power Plants (VPPs) and Why Do They Matter?
VPPs combine the power generated by rooftop solar panels to be stored in batteries. This combined power can then be released back into the grid as and when needed or wanted.
The energy from VPPs can be released into the grid to address frequency and voltage imbalances, local disruptions or disturbances, and to maintain the stability of the network.
Impact on the Environment
The scheme is expected to positively impact the environment by encouraging renewable energy sources and further reducing greenhouse gas emissions.
It also aligns with the commitment of the Australian government towards promoting renewable energy and reducing carbon footprint.
How can AusPac Solar help?
To take advantage of this exciting opportunity and to learn more about the NSW Battery Rebate, residents can reach out to AusPac Solar.
AusPac Solar is one of Australia’s leading Solar providers with the nation’s largest installer netwrok.
AusPac can provide expert guidance on how to benefit from the rebate, choose the right battery system, and seamlessly integrate it with existing or new solar panels.
We are a team of professionals who can assist in making the transition to renewable energy smooth and cost-effective.
The NSW Battery Rebate announcement is a significant step towards empowering residents to make the most of solar energy, reducing their energy bills, and contributing to a cleaner, more sustainable energy future.
Contact AusPac Solar today to learn more about how you can benefit from this exciting initiative and take a step towards greener and more cost-effective energy consumption.
Source: Incentives to boost rollout of household batteries in New South Wales | NSW Environment and Heritage
