Homes and businesses with rooftop solar will soon be able to take advantage of Peak Demand Reduction Scheme (PDRS) incentives to install residential battery storage and connect to a Virtual Power Plant (VPP). These incentives will help homes and businesses maximise the use of the solar energy they generate and cut the cost of electricity bills.
Installing more batteries across NSW will help make the grid more reliable and stable while also reducing our reliance on fossil fuels during periods of peak demand. This will help reduce NSW’s emissions by 70% by 2035 and achieve net zero by 2050.
If you’re eligible, you could access incentives:
- between $1600 to $2400 off the up-front installation costs of a battery for homes and businesses with existing solar, depending on the size of the battery
- between $250 to $400 for connecting your household or business battery to a Virtual Power Plant (VPP). This incentive is available twice, a minimum of 3 years apart.