{"id":85510,"date":"2024-07-30T06:13:13","date_gmt":"2024-07-29T20:43:13","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=85510"},"modified":"2024-10-30T09:04:39","modified_gmt":"2024-10-29T23:34:39","slug":"nsw-home-batteries-mb2974","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nsw-home-batteries-mb2974\/","title":{"rendered":"NSW Battery Rebate: Wait Or Save With Current Deals?"},"content":{"rendered":"

\"NSW<\/p>\n

While New South Wales’ battery rebate is still some way off, you may be able to pick up a bargain in the interim. But be careful.<\/p>\n

—
\nUPDATE 30 October 2024:<\/b> – read the latest about this incentive on our NSW battery rebate information<\/a> page.
\n—-<\/p>\n

In late May, the NSW Government announced a home battery subsidy<\/a> – generally between $1,600 and up to $2,400 off the up-front cost of a system. The problem is it won’t be available until November. Solar households may be happy to wait to get such a generous subsidy, but the situation has created challenges for NSW battery installation companies as some orders were cancelled and there’s been fewer sales enquiries as folks hold off.<\/p>\n

So, when the going gets tough, the tough get discounting. I came across a campaign yesterday from a NSW firm that was offering their own “cashback” scheme. The customer pays full price for a battery installation and is promised $1,600 cash back. The offer involves a battery and installer I’m not familiar with, so I can’t comment one way or another as to whether this may be a good deal.<\/p>\n

But it’s a signal that other companies might be a bit more flexible on pricing while the industry is in a “valley of death” type situation. It could be a good time to negotiate a deal.<\/p>\n

The Risks Of Waiting For The NSW Battery Rebate<\/h2>\n

With 3 months to go before the NSW battery rebate<\/a> kicks off, there’s a lot that could happen between now and then. There is confusion<\/a> as to what the scheme will look like when it reaches prime time.<\/p>\n

For example, eligible batteries must be listed on an approved product list yet to be specified by the Scheme Administrator. While Clean Energy Council approved batteries may automatically qualify as approved products, I don’t think this is set in stone and criteria as at June<\/a> could knock some popular models out of the running.<\/p>\n

Another issue is if you’re waiting for the calendar to flip over to November, you won’t be the only one. It’s heading into a busier time of the year for solar installations generally and this battery rebate going live could result in a rush. A rush means installation backlogs and potentially all sorts of related chaos, and lengthy installation delays will mean missed savings. Additionally, supply and demand issues could mean prices could go up; eating into the subsidy.<\/p>\n

The Risks Of Pre-Subsidy Company Cashbacks<\/h2>\n

Where one company has gone, others may follow; offering their own pre-rebate cashback offers. These offers won’t undergo the same scrutiny or have the same protections as under the NSW Government’s program. And that’s fine if you’re dealing with a quality installer offering quality gear. So, it’s important to:<\/p>\n