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NSW

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NSW2019-06-20T09:04:00+10:00

There are a wide range of rebates and other incentives that can reduce the cost of your solar and storage system. The section below summarises the types of incentives available by source for NSW. Finally, you can check here to see what rebates apply to your address, and to sign up for notifications when new incentives become available.

NSW Government

The NSW Government’s Empowering Homes Program will support the installation of up to 300,000 solar-battery systems across the state over the next 10 years. The program will provide interest-free loans to eligible NSW residents to install battery and solar-battery systems.

Interest-free loans of up to $9,000 for a battery system or up to $14,000 for a solar-battery system will be available to owner-occupiers with an annual household income of up to $180,000. All applications will be subject to normal loan assessment criteria as part of the program requirements.

It is expected that the first battery or solar-battery systems will be available for installation in summer 2019/2020.

Click to sign-up to be notified when additional rebate details become available.

Transmission Company

The NSW electricity transmission company, TransGrid, is currently seeking offers to reduce peak demand near the centre of Sydney to help them keep costs down.

This could translate into $1,500-$2,500 off an ElektroBank, assuming $100 per kW and a 3-5 year program lifetime.

These offers are typically limited for a few years in a specific area, before demand for power exceeds available supply of demand reductions.

Click here to find out if a TransGrid incentive is available at your address, and to sign-up to be notified when any TransGrid rebates become available for your address.

Distribution Company

      

NSW electricity distribution companies Ausgrid, Endeavour Energy and Essential Energy offer up to $150 per kilowatt (kW) of demand reduction to help them keep costs down.

This could translate into $2,250-$3,750 off an ElektroBank, based on a 3-5 year program lifetime.

These offers are also typically limited for a few years in a specific area, before demand for power exceeds available supply of demand reductions.

Click here to find out if an electricity distribution incentive is available at your address, and to sign-up to be notified when any electricity distribution network rebates become available for your address.

Market Operator

The Australian Electricity Market Operator (AEMO), periodically seeks offers for demand reduction to help them keep the lights on when there are power shortages. Recent tender results have not been made public, but the value of reliability is $25.95 per kilowatt (kWh) for residential areas.

This could amount to $1,000-$2,000 off an ElektroBank, based on two events per year and a 3-5 year program lifetime.

These offers cover an entire state, but are only sourced when there is a forecast shortage on the horizon.

Click here to find out if an AEMO incentive is available at your address, and to sign-up to be notified when any AEMO rebates become available for your address.

Sign-up for Notifications

Please complete the form below to receive a list of current rebates and other incentives available at your address, and their expected reduction in the price of an ElektroBank.

We recommend providing contact details and checking the notification tick box so that we can notify you when new rebates are offered that could reduce the cost of an ElektroBank by thousands of dollars.

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