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  • Nectr News
  • 03rd Jul 2024

A deep dive into the NSW Battery Incentives

Solar panels on the rooftops of Australian homes pumping clean, green solar energy into the grid are the fourth largest source of electricity generation. According to the Clean Energy Council, residential solar provides approximately 11.2% of the country’s power supply.

Now that we are ahead of the world in capturing the sun’s energy, thanks to the millions of Australian homeowners investing in solar panels, it’s time for home solar batteries to take centre stage and rise as the heroes of the renewable revolution.

The good news is that solar battery uptake has steadily increased over the past three years, with a third of the country’s battery installations taking place in 2023. Installation costs are predicted to keep on falling as battery technologies advance and improve.

The NSW Government’s recently announced Incentives for residential batteries is welcome news for many households considering adding a battery to their solar system. So, let’s deep dive into the details and eligibility criteria of the incentives program to see whether it’s right for you.

Installation requirements: As you would expect, the solar battery must be on the Clean Energy Council (CEC) approved product list, and installed by a CEC-accredited installer. With Spring being the peak season for solar and battery installations in Australia, if you are thinking of taking up the battery incentive offer, do your homework and speak with an installer to ensure availability and stock of your preferred solar battery. Industry specialists predict that there will be a high demand and potential delays for product and service around the time the incentives program takes effect.

Eligible solar batteries: If you are set on a specific type of solar battery such as the high-performance Alpha ESS or Tesla Powerwall2, then it’s worth reviewing your options under the incentives program. The battery must have between 2kWh and 28kWh of usable capacity plus, and meet the warranty eligibility criteria such as 70% capacity remaining after 10 years, minimum throughput of 3.65MWh per usable kWh, VPP participation functionality.

Virtual Power Plant (VPP) Participation: New and innovative VPP technologies are helping to tap into solar energy stored in household batteries to redistribute into the grid at times of peak demand to ease pressure on energy networks. Home solar batteries installed as part of the incentives program, require an internet connection to participate in a VPP program, such as Nectr Evolve.

Claiming the battery incentives: The incentives program is not a direct cash-in-hand for customers. To claim the battery incentive, you will need a quote from a CEC-accredited installer. The installer will then do the necessary documentation to secure the rebate which can be passed on to customers. The time that the process takes will depend on the availability of installers and battery stock during the peak season installation period.

Is it worth the wait? Australians all around the country have installed home solar and battery to benefit from immediate savings on their energy bills. Before you press pause on your plans to install solar and battery at your home, consider the savings you’ll make from now to the time the incentives program kicks in and is rolled out to your home. Will the savings you make now, surpass the incentive you may receive five or more months down the track? 

Nectr offers solar and battery deals with a suite of high-performance solar battery options available.

Contact Nectr for an obligation free quote to find the right battery option for you.

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