Bonus 4 solar panels

Home Battery Storage Rebate & Schemes [2024]⚡Australia

Will There be a Battery Storage Rebate Scheme in Australia?

The Rebate that Changed Australia

In 2009, Australia released the well-known solar subsidy, often referred to as the 'Solar Rebate' which was a part of the Federal Government's Renewable Energy Target (RET) scheme.

With the success of the solar rebate, many wonder if the NSW Government will release some sort of battery storage rebate scheme for homes, allowing homeowners to store solar energy.

The Small-scale Renewable Energy Scheme (SRES) provided incentives for the installation of small-scale solar panel systems, wind turbines, and solar hot water systems. It was introduced to encourage the uptake of solar power and reduce greenhouse gas emissions. The subsidy is administered by the Clean Energy Regulator.

Solar battery
Tesla Powerwall 2 installation

The current solar rebate has will expire in January 2030, and is reduced by 7% each year until then.

It has been this solar subsidy which has supercharged the uptake of solar in Australia to being the world leader in areas like rooftop solar and helped the price of solar panels decrease from when they were out of reach financially for most Australians.

Interestingly the solar subsidy caused no negative impacts on the Australian economy. In fact, you could argue that the subsidy rebate initiated the solar installation industry which saw that start of thousands of brand-new solar businesses providing lots of jobs in the renewable industry - an industry that could be further boosted by the widespread adoption of battery storage - would a battery rebate do the same?

Why Should There be a Battery Rebate?

Fast-forward to 2024. Batteries are still relatively expensive, even with the electric vehicle industry helping innovation and price decreases, but we still see a strong need for battery storage rebates in Australia.

A very easy case can be made for grid distribution and how battery storage can help stabilise the energy grid by providing the excess solar produced through the day for use at night during on-peak periods, reducing the overall demand.

With the already available solar energy production, these two technologies emerge as a uniquely perfect solution by absorbing the excess solar and using it for battery arbitrage or what the industry calls 'load shifting'.

BYD battery installation commercial

Get the latest updates.

Get the Latest Battery Rebate Updates.

Solar and battery installation

Why are Batteries the Perfect Energy Solution?

In addition to batteries complimentary nature to solar, rooftop solar and storage is the ultimate solution when it comes to efficiencies because the energy that is generated and stored locally experiences much lower transportation costs in terms of electrical losses than remotely generated and stored energy.

There is a place for all renewable energy sources and storage, but rooftop has its unique place in the scheme of things. A bonus of course is the double function of the rooftop itself.

A battery rebate would incentivise homes and businesses to invest in battery storage, and join a Virtual Power Plant (VPP).

Will the NSW Government release a Battery Storage Rebate?

We need the RET Heroes desperately to construct a version of the rebate for solar battery storage in Australia. Importantly we need the leadership at the political level to be the architects of a scheme to propel Australia to continue once more to be the world leader in renewable energy, not only in Solar, but also Energy Storage for both residential and commercial properties.

Not touched on here, is another technology which adds its own element of synergy; a grid with the intelligence to know how to coordinate the energy flows to maintain harmony within the grid. The conduit to allow this intelligence to do its magic is the Internet - it would essentially change the way that energy is generated, stored, and distributed.

We have high hopes that something similar to the RET scheme will be released for battery storage for at least residential properties, and that it will be a successful follow-up to the Solar rebate.

BYD battery box
Home battery system

What about the other Australian States?

Both the Australian Capital Territory  and Northern Territory have battery storage rebates, with ACT having a Next Generation Storage Program which offers a rebate of $3,500 (exc. GST) or 50% of the battery price (exc. GST). The Northern Territory's battery rebate allows a rebate through their Home and Business Battery Scheme which offers a $6000 maximum grant for battery storage and inverters.

We would love to see NSW receive a generous battery rebate to help accelerate the widespread adoption of storage throughout the state, specifically the Hunter.


As time continues, we are starting to see new initiatives in politics, as well as innovations in energy and renewable technologies which indicate that we are heading into new territory in energy. We can only wait until the Government release a home and/or business battery scheme for properties across New South Wales.

If you'd like to be notified, consider filling out the form towards the start of the article, so you can get the latest news in solar rebates in Australia. Simply use the Chatbox in the bottom right of your screen, or submit an enquiry form.

Article Posted 31 Oct 2023.

Where does Elite Power Group fit in?

We are your Newcastle and Hunter based Battery Storage Professionals, who also specialise in solar energy installations.
If you are interested in an installation or want more information about a renewable system, please don't hesitate to
contact us. We would love to hear from you.

Tesla Powerwall 2

Residential Battery Storage

A battery for your home to store excess solar energy after a sunny day, or to provide protection against grid outages and high grid power costs.

Commercial battery storage

Commercial Battery Storage

Supercharge your business with a commercial battery system to provide energy stability, and lower day-to-day energy costs.

Contact Us Contact Us  Solar Solutions Solar Solutions

Our Latest News Articles

Power vs. Energy: What's the Difference?⚡[Easy Guide 2024]

What's the difference between Power and Energy? In simple terms, power is the force that moves objects, and energy is the force acting over a period of time.

Microgrids, VPP’s & DER’s?⚡Demand Response in Australia?

As Australia rapidly adopts solar and battery storage, another hidden industry is rapidly growing.. Microgrids and VPP's in Australia. What are Microgrids & VPPs?

AC vs. DC Electricity: What’s the Difference?⚡[Australia 2024]

AC is used in appliances like fridges, washing machines, lighting, and fans, whilst DC is used in electronics like phones, and it's also used in every type of battery.

Tesla Cybertruck, PW3, V2H, VPP: The Ecosystem Explained⚡

Tesla's innovating their ecosystem, with the release of Cybertruck, Powerwall 3, Virtual Power Plant, Powershare with Bi-directional charging for Vehicle-to-Home.

How Australia Reached 40% Renewables⚡[Q4 2023 Statistics]

In the new 2024 CEC report, they found that renewable contribution in the overall supply of energy in Australia, produced 40% of Australia’s total electrical supply.

Energy Bill Still High Even With Solar?⚡Here's Why.. [2024]

Solar owners may be receiving higher energy bills than expected. Why is my bill still high after solar installation? Why are my solar panels not reducing my bill?

Leave a Comment

First and Last Names
E-mail Address

Renewable News Articles

Subscribe for the Latest Updates.

Are you interested in finding out about:

Solar Solutions

Solar Solutions >


Electrical Solutions >

EV Charging

EV Charging Solutions >

Battery Storage

Storage Solutions >

"Great customer service and communication. All explanations were easy to understand and very efficient in the installation. Highly recommend."

5 Star Review

John Customer

"It was efficiently installed and works great, very happy with it."

5 Star Review

Peter Customer

"Elite installed our solar recently and done an excellent job. Smooth transaction from start to finish. Would highly recommend."

5 Star Review
Ursh & Mike Customer

"Excellent and professional service from the whole team. Would recommend to all!"

5 Star Review

Nestor Customer

"We are very happy with our experience with Elite Power Group for the installation of a new home battery. Elite’s team responded very quickly to our initial enquiry and installed our battery when planned. Thank you for great service."

5 Star Review
Gerard Customer

"No sales pitch or pressure tactics at all. Easy to deal with and very responsive. Installed my Tesla Powerwall when they said they would. Way ahead of the 3 other solar battery suppliers I previously dealt with."

5 Star Review
Paul Customer

"I couldn't recommend these guys more, just finished up an additional solar and battery install, and everyone from initial day 1 inquiry on has been a pleasure to deal with."

5 Star Review
Chad Customer

"The team at Elite Power Group were fantastic. The job to put 31 panels on our roof with terracotta roof tiles was technical where a lot of roofing and other solar companies would not even touch.."

5 Star Review

Troy Customer