The New South Wales (NSW) Government has launched a new initiative to boost household battery adoption among residents. This program is designed to make solar energy storage more accessible and affordable, encouraging more households and businesses to install solar batteries. Let’s get into solar battery incentives, benefits, and their potential impact on the energy landscape in NSW.
The Incentive Program
Announced on May 24, 2024, the NSW Government’s new incentive program offers substantial financial support for households and businesses looking to install solar batteries. The key components of the program include:
Upfront Cost Reduction
The program provides between $1,600 and $2,400 off the upfront installation cost of a household battery for those with existing solar panels. This significant discount lowers the financial barrier for many who might otherwise be unable to afford the initial investment.
Bundled Incentives
For those installing both solar panels and batteries, the incentive will be included in the... Read more
