{"id":88099,"date":"2024-11-15T04:08:56","date_gmt":"2024-11-14T18:38:56","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=88099"},"modified":"2025-06-30T12:12:54","modified_gmt":"2025-06-30T02:42:54","slug":"nsw-battery-rebate-payback-mb3052","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nsw-battery-rebate-payback-mb3052\/","title":{"rendered":"NSW Battery Rebate: It&#8217;s Payback Time"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-88100\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate.jpg\" alt=\"NSW battery rebate and system payback\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate-768x403.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>New South Wales&#8217; battery rebate can knock thousands off the cost of a home energy storage system. So, how does that impact simple payback? <!--more--><\/p>\n<p>If you aren&#8217;t familiar with the NSW incentive, in a nutshell it involves PDRS certificates (PRCs) that have a value, which can vary according to market conditions. After any admin fees, the total value of these certificates is offered as an up-front discount to the battery purchaser. Check out our recently updated <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/nsw-rebate\/\">NSW battery rebate information<\/a> page to get some more background on how it works.<\/p>\n<h2>Calculating Estimated Payback<\/h2>\n<p>For the purposes of this exercise, we&#8217;ll look at three batteries &#8211; the <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/reviews\/tesla-powerwall-3-review.html\">Tesla Powerwall 3<\/a> (13.5kWh usable capacity), <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/reviews\/sungrow-review.html\">Sungrow&#8217;s SBR HV<\/a> (12.8 kWh model) and the <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/reviews\/byd-review.html\">BYD Battery Box<\/a> Premium HVM (13.8 kWh).<\/p>\n<p>In case you want to play along at home, this is how I&#8217;ll go about it the first time around.<\/p>\n<ul>\n<li>I&#8217;ll use the SolarQuotes NSW battery rebate calculator to estimate how much the rebate will be based on a postcode of 2750 and a new battery installation.<\/li>\n<li>Then using SQ&#8217;s <a href=\"https:\/\/www.solarquotes.com.au\/solar-calculator\/\">solar + battery calculator<\/a> with its default values &#8211; aside from specifying a 2750 postcode and subtracting the rebate from the battery system cost noted in that calculator &#8211; it will provide a rough estimate of payback time (it will show separate payback periods for the two in the results).<\/li>\n<\/ul>\n<p>Note that the solar + battery calculator will also have a 6.6kW solar power system selected by default. I&#8217;m going to leave that as is.<\/p>\n<p>So, here we go &#8211; the results:<\/p>\n<ul>\n<li>A <b>Tesla Powerwall 3<\/b> attracts 1,088 PRCs. At a rate of $2.00 per PRC, this gives a base rebate of $2,176. With the incentive subtracted from the estimated supply and installation cost; it works out to $14,424 and the battery&#8217;s simple payback is 27 years.<\/li>\n<li>The <b>Sungrow SBR HV 12.8<\/b> is eligible for 1,031 PRCs. At $2.00 per PRC, this means a base rebate of $2,062. After the incentive, the estimated cost of supply and installation is $10,438 and simple payback for the battery is 21 years.<\/li>\n<li><b> BYD&#8217;s Battery Box Premium HVM 13.8<\/b> attracts 1,112 PRCs, for a base subsidy of $2,224 at $2.00\/PRC. After the subsidy, the estimated cost of supply and installation is $11,376 and simple payback is 23 years.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-88102\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-solar-battery-calculator.png\" alt=\"Estimated NSW payback - solar + battery calculator\" width=\"900\" height=\"461\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-solar-battery-calculator.png 900w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-solar-battery-calculator-300x154.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-solar-battery-calculator-768x393.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<h2>Not Great, Right? But Wait &#8230;<\/h2>\n<p>Based on the calculator&#8217;s default settings, in each instance the battery payback is far, far longer than the warranties &#8211; even after the New South Wales incentive. But try it with your own details and battery of choice and you&#8217;ll likely get a much different (and hopefully much shorter) simple payback result given variables such as:<\/p>\n<ul>\n<li>Your location.<\/li>\n<li>How big your solar system is.<\/li>\n<li>The battery you choose (and what you&#8217;ll pay).<\/li>\n<li>What you pay for electricity and how much you use.<\/li>\n<li>PRC value.<\/li>\n<\/ul>\n<h2>For More Accurate Payback Results<\/h2>\n<p>Given all the variables, a much more accurate way to go about it is with SQ&#8217;s <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/calculator\/\">&#8220;add battery&#8221; calculator<\/a>, which is specifically designed for adding a battery to an existing solar system. Other major points of difference include support for time-of-use as well as flat-rate electricity plans, and it requires you to upload what&#8217;s called an NEM12 data file. This is a file that contains electricity consumption\/export data and other metering information for your property. If you have a smart meter, you *should* be able get hold of your <a href=\"https:\/\/support.solarquotes.com.au\/hc\/en-us\/articles\/360001312176-How-Do-I-Access-my-Smart-Meter-Data\">NEM12 file &#8211; here&#8217;s how<\/a>. (it&#8217;s worth the effort).<\/p>\n<p>I uploaded my NEM file (BTW, I have a 10kW solar system) and here are the results:<\/p>\n<ul>\n<li>Tesla Powerwall 3: 21 years<\/li>\n<li>Sungrow SBR HV 12.8: 17 years<\/li>\n<li>BYD&#8217;s Battery Box Premium HVM 13.8: 17 years<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-88101\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-flat.png\" alt=\"Estimated NSW payback - flat rate\" width=\"900\" height=\"474\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-flat.png 900w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-flat-300x158.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-flat-768x404.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>These results were based on an EnergyAustralia flat rate plan available in postcode 2750. It appears EA doesn&#8217;t have a time-of-use (ToU) offer for that area according to their website.\u00a0 The <a href=\"https:\/\/www.solarquotes.com.au\/energy\/\"> best electricity plan<\/a> for solar + battery owners is often ToU with lower off-peak and shoulder rates. While time-of-use plans have expensive peak rates, these can be mostly avoided if you have enough solar and storage.<\/p>\n<p>Under an EA ToU plan (and I&#8217;m not suggesting EA&#8217;s are the best plans available), simple payback for me looks like so:<\/p>\n<ul>\n<li>Tesla Powerwall 3: 15 years<\/li>\n<li>Sungrow SBR HV 12.8: 12 years<\/li>\n<li>BYD&#8217;s Battery Box Premium HVM 13.8: 14 years<\/li>\n<\/ul>\n<p>That&#8217;s looking better, but still longer than the 10-year warranties. Again, your own results will very likely be different to mine.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-88103\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-tou.png\" alt=\"Estimated NSW payback - ToU plan\" width=\"900\" height=\"460\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-tou.png 900w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-tou-300x153.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/payback-tou-768x393.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<h2>Don&#8217;t Forget VPP Incentives<\/h2>\n<p>The NSW incentive provides extra subsidies when the battery will be connected to a <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/virtual-power-plants\/\">Virtual Power Plant<\/a> &#8211; there&#8217;s a box you can tick on the NSW rebate calculator indicating this. VPP incentives can also be claimed for eligible existing batteries. In the above examples (new installations):<\/p>\n<ul>\n<li>Tesla Powerwall 3: an additional 165 PRCs, increasing your incentive amount by $330.<\/li>\n<li>Sungrow SBR HV 12.8: an additional 156 PRCs, increasing the incentive by $312.<\/li>\n<li>BYD Battery Box Premium HVM 13.8: additional 168 PRCs, increasing the subsidy by $336.<\/li>\n<\/ul>\n<p>.. which will help accelerate payback further (plus there may be other VPP incentives) &#8211; as long as you don&#8217;t mind having a third-party taking control of your battery.<\/p>\n<p>If a home battery purchase decision hinges on rapid payback, it may still not be for you &#8211; but you may place great value on other aspects, such as blackout protection. Learn everything you need to know about <a href=\"https:\/\/www.solarquotes.com.au\/101-guides\/understanding-batteries\/\">understanding<\/a>, <a href=\"https:\/\/www.solarquotes.com.au\/101-guides\/buying-batteries\/\">buying<\/a> and <a href=\"https:\/\/www.solarquotes.com.au\/101-guides\/owning-batteries\/\">owning<\/a> home energy storage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New South Wales&#8217; battery rebate can knock thousands off the cost of a home energy storage system. So, how does that impact simple payback?<\/p>\n","protected":false},"author":17,"featured_media":88100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-88099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSW Battery Rebate: It&#039;s Payback Time<\/title>\n<meta name=\"description\" content=\"New South Wales&#039; battery rebate can knock thousands off the cost of a home energy storage system. Find out how that impacts simple payback.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/nsw-battery-rebate-payback-mb3052\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSW Battery Rebate: It&#039;s Payback Time\" \/>\n<meta property=\"og:description\" content=\"New South Wales&#039; battery rebate can knock thousands off the cost of a home energy storage system. Find out how that impacts simple payback.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/nsw-battery-rebate-payback-mb3052\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T18:38:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-30T02:42:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/battery-payback-nsw-rebate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"NSW Battery Rebate: It&#8217;s Payback Time\",\"datePublished\":\"2024-11-14T18:38:56+00:00\",\"dateModified\":\"2025-06-30T02:42:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/\"},\"wordCount\":888,\"commentCount\":6,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/battery-payback-nsw-rebate.jpg\",\"articleSection\":[\"General Solar &amp; Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/\",\"url\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/\",\"name\":\"NSW Battery Rebate: It's Payback Time\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/nsw-battery-rebate-payback-mb3052\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/battery-payback-nsw-rebate.jpg\",\"datePublished\":\"2024-11-14T18:38:56+00:00\",\"dateModified\":\"2025-06-30T02:42:54+00:00\",\"description\":\"New South Wales' battery rebate can knock thousands off the cost of a home energy storage system. 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