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Incentives

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Incentives2019-01-13T08:09:27+00:00

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.

You can check here to see what rebates apply to your address, and to sign up for notifications when new incentives become available.

NSW Programs

NSW Government

The NSW Government has announced a program that will offer $1,000 per remotely controllable resource per household that allows them to use it up to 4 times per year.

The details are yet to be finalized, but the ElektroBank could see a $3,000 rebate due to it providing control over a battery, solar PV inverter, and electric water heating element.

Click here to sign-up to be notified when the rebate details are finalized and become available.

Transmission Company

The NSW electricity transmission company, TransGrid, offers up to $100 per kilowatt (kW) of demand reduction to help them keep costs down.

This could translate into $1,500-$2,500 off an ElektroBank, based on 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), offers up to $14 per kilowatt (kWh) of demand reduction to help them keep the lights on when there are power shortages.

This could amount to $1,470-$2,450 off an ElektroBank, based on 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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