Victoria
New South Wales
South Australia
QueenslandStarting 1 November 2024.
On Friday 24 May, the NSW Government announced the new battery rebate program for residential and small business batteries installed from 1 November 2024.
NSW Battery Rebate.
This new rebate sits under the existing Peak Demand Reduction Scheme (PDRS), a NSW Government program that sits parallel to the NSW Energy Savings Scheme (ESS). The PDRS will introduce Residential Battery installations as an eligible technology from 1 November 2024. For eligible installations, ACPs such as Ecovantage can create PRCs where a battery is installed at a home or small business in three circumstances:
- For a new battery installation
- For a new battery installation being connected to a VPP
- For an existing battery being connected to a VPP
Eligibility Criteria.
New Battery Installations meeting the following criteria are eligible to claim the PRC rebate:
-
- 2-28kWh capacity
- Battery is on the CEC registered products list
- In a residential or business setting
- Must have an existing solar system, or have solar installed concurrently with the battery
- 10-year minimum warranty (guaranteeing retention of a minimum of 70% of useable capacity)
- Registered on the DER register
- A smoke alarm must be installed near the battery
- The customer has paid a minimum of $200
A second lower-value rebate is available where:
-
- A new battery compliant with the above criteria is connected to a VPP
- An existing battery compliant with the above is connected to a VPP, providing a minimum of 6 years are left on the product warranty
How many PRCs are created?
The following tables show the PRC values created and estimated rebates for some of the most common batteries, plus the additional values for batteries connected to a VPP.
Our PRC Battery Rebate Calculator above shows the PRCs created and rebate available for any home battery based on their useable capacity.
New Battery Install Rebate
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| Battery | Capacity (kWh) | PRCs Created | Estimated Rebate |
| Sungrow | 9.6 | 766 | $1,262.96 |
| Enphase IQ5P | 10 | 798 | $1,323.96 |
| Tesla Powerwall 2 | 14.2 | 1134 | $1,964.44 |
| BYD | 15.4 | 1230 | $2,147.44 |
| Redback ST10000 | 19.2 | 1533 | $2,726.92 |
VPP Connection Rebate
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| Battery | Capacity (kWh) | PRCs Created | Estimated Rebate |
| Sungrow | 9.6 | 116 | $132.08 |
| Enphase IQ5P | 10 | 121 | $141.34 |
| Tesla Powerwall 2 | 14.2 | 172 | $238.50 |
| BYD | 15.4 | 187 | $266.26 |
| Redback ST10000 | 19.2 | 233 | $354.17 |
Battery Rebate Calculator.
The following NSW Battery Rebate Calculator has been designed to give installers an idea of the final rebate Ecovantage are able to provide, based on the number of PRCs created under the scheme, for a CEC approved battery.
Use the simple slider to select the battery capacity to see the final rebate value. You can toggle on the additional rebate for batteries that are going to be connected to a VPP.
Please note, the spot price is subject to daily fluctuations
Australia’s Most Versatile ACP.
Ecovantage specialises in creating, trading, and supplying all energy certificates, including PRCs. We assist you in balancing the financial and environmental scales for each project.
Ecovantage provides an end-to-end service, from site audits and project management, through to generation and monetisation of the created certificates.
The treatment of certificates is based on the financial and carbon goals of each organisation. The options available are presented with their relevant outcomes on both fronts, to ensure your decision is an informed one. Ecovantage generates and trades certificates as an authorised provider through the Independent Pricing and Regulatory Tribunal (IPART).
Peak Demand Reduction Scheme (PDRS)
Peak Reduction Certificates (PRCs) are tradable certificates under the NSW Government’s Peak Demand Reduction Scheme (PDRS).
1 PRC represents 0.1 kilowatts of peak demand reduction capacity averaged over one hour during the peak summer period.
This aims to encourage peak energy use reduction within peak demand times, to reduce pressure on the electricity grid and in turn reduce energy prices.
At Ecovantage, we consistently analyse market activity, creation metrics, policy changes, and consultation releases in conjunction with wider landscape activity. Below is the weekly price tracking of PRC prices. Sign up here to receive Market Updates and spot prices delivered to your inbox every Friday.
