This was posted 4 months 22 days ago, and might be an out-dated deal.

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[NSW] Neovolt 10.1kWh Home Battery (inc Inverter) Installed from $7,500, Redeem $1,600 VoltX Cashback (Limit 300 Claims) @ VoltX

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[NSW] Neovolt 10.1kWh Home Battery (inc Inverter) Installed from $7,500, Redeem $1,600 VoltX Cashback (Limit 300 Claims) @ VoltX
Go to Deal
PEllllllys on 09/08/2024 - 19:48 voltxenergy.com.au (3085 clicks)
Last edited 12/08/2024 - 19:09 by 2 other users

Great price on a 10KwH AC coupled home battery system which includes installation. The battery also includes a 5kw inverter.

Australian guy from SA posted his experiences over six months on reddit. He worked out the ROI was 6 years without even installing solar, as he just charged up his home battery on off peak power at 8c/kw during midday. Then used the battery to draw power for the evening and night. Rinse repeat.

His posts are here https://www.reddit.com/r/AusFinance/s/606GQLsOKZ

Great info and commentary in his posts.

Had initially been waiting for powerwall 3 but this could be too good to pass up.

VoltX Energy Battery Storage System Rebate Terms and Conditions

VoltX Energy is proud to offer a special rebate initiative for our battery storage systems, exclusively available through our company. As the wholesaler, retailer, and installer, VoltX Energy stands out in providing a seamless and comprehensive service to our customers. Please read the terms and conditions below carefully:

  • One-Time Rebate: The rebate applies only once per household. Multiple rebates for the same household are not permitted.
  • Location Availability: The rebate is exclusively available to customers in New South Wales (NSW).
  • Installation Period: This rebate is valid on the first 300 VoltX Neovolt Battery Systems installed between July 21 and Oct 31 2024.
  • Existing Customers: Customers who have previously installed a VoltX Energy battery system and are now adding a second or third battery are still eligible for the rebate.
  • Rebate Application Process: Customers must follow the specific instructions provided by VoltX Energy to qualify for the rebate. Detailed instructions will be provided upon purchase.
  • Rebate Redeem: The rebate will be applied as a cashback. Customers must have their battery storage system fully installed and must complete the full payment process to be eligible for the rebate.
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closed Comments

  • easternculture on 09/08/2024 - 19:57
    +1

    Guy on reddit installed two and worked out the ROI was 6 years without installing solar by just charging up on off peak power at 8c/kw.

    Assuming rates/plan dont change and not taking into consideration battery degredation

    • samfisher5986 on 09/08/2024 - 19:58
      +1

      I assume battery degradation is calculated using the battery warranty.

    • Ellllllys on 09/08/2024 - 19:59
      +1

      Feel free to read up on his Reddit overview. He’s very transparent. According to him the battery cycles cover 22 years of use at daily charge and discharge rates.

        • Ellllllys on 09/08/2024 - 20:13
          +11

          No one said they would. If you look at long term trends in energy prices they don’t seem to be going down.

            • Ellllllys on 09/08/2024 - 20:15
              +3

              @easternculture: TOU charges aren’t going anywhere.

                • Ellllllys on 09/08/2024 - 20:18
                  +19

                  @easternculture: The smart meters installed on everyone’s power boxes over the last few years? The surplus of solar into the grid from 10am - 4pm. You tapped into the news, buddy? You reading?

                    • Ellllllys on 09/08/2024 - 20:25
                      +28

                      @easternculture: You don’t have proof that you’re going to be alive tomorrow. Why do anything?

                    • banana365 on 10/08/2024 - 12:23
                      +1

                      @easternculture: Please let us know what you'd take as proof.

                      • easternculture on 10/08/2024 - 13:49
                        -5

                        @banana365: Exactly my point. Nothing guaranteed in the energy market. He quoted surplus but during covid up to a year after we had an energy crisis. Now they say we have a surplus. So supposidly they start a battery rebate to reduce the energy surplus. 1 or more years later we are in an energy crisis and they can manipulate the rates because they have evidence to prove it.

                        Basic politics and economics.

                        Fine if you have solar, but how the OP tried to sell the deal (with no solar and random guy from reddit), only a fool would risk it

                        • Dandaman21 on 10/08/2024 - 14:53
                          +3

                          @easternculture: Unfortunately you don't have any understanding of how our grids work. We have a surplus at certain times of day, due to the huge number of rooftop solar installations, thus, grids incentivise you to use power at this time of day, through a…. TIME OF USE tariff. Rooftop solar isn't going anywhere, and so neither will TOU tariffs.
                          Conversely, we have significant demand on the grid at peak demand times in the afternoon as solar drops off. Can you guess how grids are dis-incentivising people from using power at this time of day. You're absolutely right, TIME OF USE tariff! Imagine if you had a battery to supply some/all of your load in that peak period where you're being charged a premium. Again, peak demand times aren't going anywhere.

                        • skysurfer on 11/08/2024 - 14:19

                          @easternculture: I agree with you bro, your neggers just dont have the ability to see the big picture which reveals the risk. As you say if combined with your own solar which you have some control over (as opposed to relying on energy rates over which you have no control) the risks are smaller and outcome more predictable.

      • incipient on 09/08/2024 - 20:21
        +3

        I'm being lazy. Does he include the internet that could/would be accumulated at ~7%pay on $6k?

        Especially if you have a homeloan, interest is very significant on ROI calcs.

        • killingtime on 09/08/2024 - 23:40
          +2

          If you want to take into account cost of money (which you definitely should), you should use the long run average interest rate, not 7%. Over the life of this interest rate could be down around 2% like it just was, or up at the current level or back down

      • coxymla on 09/08/2024 - 23:37

        22 × 365 ~= 8000 cycles

        Doubt.

        • supersabroso on 10/08/2024 - 05:05

          That's right, if it lasted 22 years he probably only used an average of 10% of his battery per day which would make it a huge waste of money as these batteries are known for lasting 1000 cycles before degradation becomes severe/kills the battery.

          • Che0063 on 10/08/2024 - 15:38
            +2

            @supersabroso: Except this isn't lithium ion, it's lithium iron phosphate, which lasts several times more. So 8000 cycles is about right

    • Nom on 09/08/2024 - 20:14
      +5

      Rates/plan only change upwards anyway - so this potentially reduces the payback time.

      • ferguson on 10/08/2024 - 07:08
        +2

        Maybe yes, maybe no. Depends on the increase in the price of off-peak power (that he is using to charge the battery) in relation to peak power price, which is likely when is using battery.

        If he also had solar, and was using that to recharge instead, you would be completely correct.

    • Grok on 09/08/2024 - 20:19
      +6

      Let’s do the math.

      Assume 8c off peak versus 33c peak

      Save 25c per Kw x 10 = $2.50 per day

      That is $912 a year

      $5900 / $912 = 6.5 years best possible case as we didn’t count losses as the battery is a max of 97.3% efficient

      After that you have a 6.5 year old battery “free” nearing end of battery warranty while system and parts have 5-year warranties so are out.

      Meanwhile you could have invested that $5900 in a sharemarket ETF for 6.5 years.

      • Nom on 09/08/2024 - 20:22
        +12

        After that you have a 6.5 year old battery nearing end of battery warranty

        Which is now paid off, and costing you nothing, and will probably run for another 10 years.

        • Grok on 09/08/2024 - 20:25

          Maybe

          Or just one repair outside of warranty, and everything except the battery is out of warranty already, and you could go negative.

          • Nom on 09/08/2024 - 20:46
            +5

            @Grok: Maybe

            Or by the time you hit the 6.5 year mark, your off peak is now 12c and your peak is now 50c - so you've actually done a lot better than when you thought your rates would stay at 8c/33c for 6.5 years 😁

      • cheekymonkey on 09/08/2024 - 20:32
        +15

        Maths is solid, but you've made some assumptions.
        - power prices will not stay the same over next 6 years and are unlikely to decrease
        - the ETF investment is a good theory, but then you have to consider the higher power prices and capital gains tax, if you don't invest in a battery.
        So it's not as black and white as you put it. Not over such a long period.

          • Grok on 09/08/2024 - 20:56

            @Grok: Lots of variables,

      • holymackerel on 09/08/2024 - 21:11
        -1

        AC coupled battery solution you cannot discharge less than 20% of the total battery capacity. So technically you can only use 8kWh of a 10kWh battery.

        Batteries of all types, even LFP needs 10% of power as reserve at all times, and the PCS (or inverter) needs 5% as back up at all times (but most round to 10%). So if you research all AC couple battery solution, you can’t set the battery to discharge more than 80%.

        Please also note the BMS or PCS system use some battery power too. Like maybe .5kwh a day. Only DC coupled batteries use DC power to power the PCS/BMS so there is no loss in battery power.

        • flashi007 on 09/08/2024 - 21:35

          I can change this percentage on my app for my battery. Mine is at 12.5%

        • mbcd on 10/08/2024 - 09:05

          I have this Nevolt inverter+2x battery. Minimum SOC was set to 10% by default but I can channge it to 5% which is the lowest possible.

        • skysurfer on 11/08/2024 - 14:30

          Some of these things you are stating are just plain wrong. Just saying for the benefit of readers that may take them as true. In fact anyone reading this thread and evaluating the deal should do more research outside of it because there is plenty of bad info in it. (In solar industry 8 years, have own solar and battery, not claiming to know everything but do know more than some in here)

          • holymackerel on 13/08/2024 - 09:13
            -1

            @skysurfer: Which part is wrong? The minimum SOC for battery is widely set as 10% which is the standard. While grid connected battery is 15% to 20%. Simply type in minimum SOC for solar bartery on Google and nearly all battery manufacturer claims this. The only brand that goes real low is Tesla PW mainly because how they label their stats, eg 14kwh battery but usable is 13.5kwh, however even in their manual manufacturer recommend SOC min is 10 to 20%. While other brands like ViCTRON or ESS hard set the min SOC on their app.

            Not being rude but just pointing it out as I work for a battery/intverter manufacturer.

      • ezzaf on 09/08/2024 - 21:42
        +2

        He's in SA and his peak rates are much higher.

        Yep if you read my other posts… 75c/kwh between 5 and 9. 33c is the shoulder. 51c second peak between 6 and 9. Off-peak 10 til 4 @ 8c

        I've similar in SEQ, 60c difference between peak and off peak. Tariffs vary a lot from place to place, don't assume others are paying the same rates you are.

      • Captain Hindsight on 10/08/2024 - 07:31
        +1

        Maths

    • bigpoppa on 10/08/2024 - 07:59
      +1

      Batteries in your handheld electronics degrade faster cos the way it charges and the battery chemistry it uses for its use case. Batteries in EVs and home batteries are not the same as the ones in your phone.

  • Jaduqimon on 09/08/2024 - 19:59
    +5

    I feel like 5.9k on nvidia will give a better ROI.

    • Ellllllys on 09/08/2024 - 19:59

      😂😂😂

    • The Magic Pudding on 09/08/2024 - 20:19
      +16

      I'm going for tulip bulbs.

      • WhyAmICommenting on 09/08/2024 - 21:19
        +2

        I’m going for AI tulip NFT coins

      • ChaseTheSun on 10/08/2024 - 10:16

        I think they were talking about shares not video cards.

        • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 10:38

          Yes, of course!! Thanks for pointing it out. I withdraw my comment 😁😎

  • sini180 on 09/08/2024 - 20:28
    +1

    NSW only? Price on website is "as low as" $7,500 for NSW metro. No mention of $5,900?

    • ozblogger on 09/08/2024 - 20:31
      +3

      Yup OP Please add to description
      $1600 rebate after installation and paying $7500 up front

      Location Availability
      The rebate is exclusively available to customers in New South Wales (NSW).
      Installation Period
      This rebate is valid on the first 300 VoltX Neovolt Battery Systems installed between July 21 and Oct 31 2024.

      • cheekymonkey on 09/08/2024 - 20:33

        Well that makes bit of a difference to the deal, 8f you don't live in NSW

      • Hank Scorpion on 09/08/2024 - 23:19

        hmm, the home battery scheme kicks in on 1 November, the incentive is between 1600 and 2400 too so is this an early incentive by the government or subsidised by the manufacturer?

        • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:03

          The $5,900 offer is an early incentive provided by VoltX Energy in partnership with Neovolt, not by the government. We’re offering this ahead of the official NSW Household Battery rebate, which starts on November 1st.

    • purple1 on 09/08/2024 - 21:58
      +3

      You must also upload the image of your review on Product Review and/or Google. See their claims page.

      • Captain Hindsight on 10/08/2024 - 07:59

        Thanks for posting OP even though not totally sure about this.

        Are they a risk , can’t find address on their site, limited reviews and most are 5 star reviews for people who have just joined product review this year, will this be even cheaper after rebate kicks in?

        Another thing to consider that I’m unsure about. Willhaving a battery exclude you from some cheaper power plans thus reducing your savings. Eg my plan atm won’t allow more than 10k solar panels.

    • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:01

      Thanks for pointing that out! The $5,900 offer is a limited-time promotion for NSW customers and includes installation, and is indeed achieved by paying $7500 and receiving a $1600 cashback.

  • hazwing on 09/08/2024 - 20:33
    +2

    Couldn't find much info on what type of chemistry these are. The price is tempting but I'm dubious of unknown brands with unknown warranty support, when it comes to batteries

    • freefall101 on 09/08/2024 - 21:25
      +1

      Who doesn't want to strap a bomb made out of unknown batteries to the side of their house?

      Personally, I'm just going to wait for the big boys to start competing, they're going to have to sooner rather than later.

      • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:14
        +4

        We understand your concerns. The NeoVolt batteries use safe and reliable lithium iron phosphate (LiFePO4) chemistry, widely recognised for it's stability, safety and not being prone to thermal runaway.

    • DingoBlue on 09/08/2024 - 22:09
      +2

      LFP.

    • mbcd on 10/08/2024 - 09:09

      I have these Neovolt stuff. Voltx isn't very good at presenting the information about the products but here is the information from the manufacturer with datasheets and everything.
      - https://www.byte-watt.com/Products/neovolt-essspanperformanc…

    • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:10

      The NeoVolt 10.1kWh Home Battery uses LFP (lithium iron phosphate) chemistry.
      Totally understand your concerns about warranty. VoltX has been in business for 12 years, supplying recreational energy storage for camping and off-grid use. We’ve been in home battery storage for a couple of years, backed by our experienced team. Our strong warranty support and positive reviews reflect our commitment to quality and customer satisfaction and most importantly, backing warranties if issues arise.

  • easternculture on 09/08/2024 - 21:14
    -3

    ROI was 6 years without even installing solar,

    I dont have solar, i dont have a battery.
    I only churn.
    My ROI so far over 2 years is over $4k. Havent paid electricity in that time. Into my third year and already have $300 credit which will pay for my next bill.

    • ezzaf on 09/08/2024 - 21:38
      +8

      You don't have to choose just one :)

      My return over 2 years has been $3.5k from solar and $2k from churning.

      • slankets on 10/08/2024 - 02:21

        Is it easy to do? Assume yes. I mean churn with solar. Do they just give you the new FIT and that's it? What if the new provider doesn't have any solar plans? Or do they all offer one?

        Sorry I am new to solar (just installed last month!) and with AGL in NSW (FIT 7c). The other providers seem to offer less.

        • impoze on 10/08/2024 - 03:13
          +1

          As easy as applying for NBN

        • mbcd on 11/08/2024 - 12:42

          Once you get batteries, the FiT rates should matter less. It's definitely one to consider given FiT rates keeps decreasing over time. Right now, I'm with Engie still with 12c FiT but will only benefit me around spring/summer aince that's the only time I have too much sun for my batteries and usage. Might want to check it out while still on the fence about batteries.

    • impoze on 09/08/2024 - 22:02
      +1

      Who is your current and next churn destination?

      • easternculture on 09/08/2024 - 22:22
        -4

        Not sure. I have enough credit for next 2 months

    • viper8548 on 10/08/2024 - 04:22

      how do you churn with credit? i’ve only seen offers with discounts

  • raj76 on 09/08/2024 - 22:15
    +2

    HOLD HOLD HOLD…

  • Dauphin on 10/08/2024 - 05:16
    +2

    “ Meanwhile you could have invested that $5900 in a sharemarket ETF for 6.5 years.”

    Basd on the power prices quotes, best ETF to invest in might be the Australian retail energy sector.

  • verio on 10/08/2024 - 05:41
    +2

    It is interesting how people automatically assume that they will get a full 10 year warranty when deaking with an unknown brand.

    • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:18

      We understand your concerns about warranty. VoltX has been in business for 12 years, supplying recreational energy storage for camping and off-grid use. We’ve been in home battery storage for a couple of years, backed by our experienced team. Our strong warranty support and positive reviews reflect our commitment to quality and customer satisfaction. We’re here to provide genuine warranty and support, and we’re happy to answer any questions you may have.

      • verio on 10/08/2024 - 11:02
        +1

        What happens if the battery from NeoVolt dies in 3-4 years AND NeoVolt is no longer in Australia (for whatever reason)? You will replace the battery even if the battery manufacturer is not in Australia anymore?

        • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 11:10
          +1

          When we choose to partner with a manufacturer, we conduct thorough in-house testing ourselves to ensure reliability. Despite this, to address your specific scenario; yes, we will resolve any issues that arise, even if the battery manufacturer is no longer in Australia. We don't just sell. We are committed to long-term customer satisfaction and support.

  • Fishesass on 10/08/2024 - 06:43
    -1

    So I'm paying red energy 28c a kw

    battery 8kw a day saving all solar charged so no cost charging. (Which won't be the case everyday as sun don't shine and not always big energy usage at night. Not even able to run a/C so that's a huge part of our bill. I would say lucky 5kw a night\morning on average)

    Best case scenario for me
    That$ .28 X 8 = $2.24 a day saving

    365x 2.24 = $817.6 a year saving

    $5900 \ $817.6 = 7.3yrs pay off.

    So guessing it's really a 10yr payback at best. Electricity prices would have to double to make it viable.

    Are my figures wrong?

    Anyway this guy on ozbargins said it sucks.

    • realaccount627465746 on 10/08/2024 - 07:45
      -1

      your math seems weird

    • xavster on 10/08/2024 - 08:53

      Most battery users with solar have noted they actually discharge the battery approx ~1.6x per day, which will reduce the payback time. I would modify the savings component in your calculations to take that into account.

  • MojoMiwo on 10/08/2024 - 07:08
    +5

    Shouldn't you wait until battery tech matures and the flood of cheaper Chinese FE-ion batteries start flooding into AU or governments increase battery incentives.
    I'm waiting for a max of 4 year return. Anything more with the way technology is advancing (and interest rates) is probably a waste of (some) money.

    • nephilim on 10/08/2024 - 13:38

      Those early battery deals that close to that when we had 20-21c feedin. We were feeding 15-20kw a day in summer even with aircon on.

  • CalvinNS on 10/08/2024 - 07:10
    +1

    Any deals like this for QLD?

    • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 12:45

      We plan to expand to other states including QLD in the near future. If you contact our support we can notify you as soon as we have availability in your area.

  • bleugh on 10/08/2024 - 07:36
    +1

    Could you install THREE of these and have them work together?

    • Alpine58 on 10/08/2024 - 08:27

      Yes - I think it supports up to 5 in parallel.

    • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:23

      Yes, you can add up to 5 more battery units, giving you a total of 6 NeoVolt 10.1kWh Home Batteries with a combined capacity of 60.6kWh.

      • derdew on 10/08/2024 - 10:48

        how much is the extra 10kw battery if added?

        • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 11:02

          The cost of the first battery and inverter package is $7500, and with $1600 cashback this comes down to $5900. An additional battery by itself is priced at $6,000. Our cashback can only be applied once, per installation address.

          • supperman on 10/08/2024 - 12:25

            @VoltX Energy: If i install one now, can I still add in another one after November with the rebate?

            • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 12:33

              @supperman: Theoretically, yes; however, the full details and qualification requirements of the rebate are not available yet and will depend on the availability of the rebate for you at that time.

              There is no issue in adding an extra battery to the system at a later date. Many customers start with one battery and add more once they see the direct savings

  • Lord Fart Bucket on 10/08/2024 - 08:12
    -1

    Single phase… nope.

    • dammit on 10/08/2024 - 08:41

      Does this Battery Storage Solution work on a three-phase set up?
      Yes, even though this is a single phase Battery Storage Solution, it is compatible with three-phase set up with the addition of a smart meter.

      Hmm..I also wonder if this is ideal for 3 phase or not. Need to learn more about that.

      • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:26

        Yes, even though the NeoVolt battery is a single-phase solution, it is compatible with a three-phase setup with the addition of a smart meter. We have a lot of installations for three-phase households, and our team can review your specific circumstances to provide advice on how it can benefit your setup.

      • Xizor on 10/08/2024 - 09:34

        Im guessing the operation would be similar to a PW2 whereby its only able to backup/independently power 1 of the 3 phases in the event grid is down. WIth grid up however all phases can access the battery. At least that is my understanding. Assuming it can integrate with an existing inverter (Fronius Symo for example) too. I could be wrong, be interesting if the rep gets into these sort of details here.

        • AssociatedVoltX Energy @ VoltX Energy on 10/08/2024 - 09:49

          Hi Xizor,

          Your understanding is correct. Similar to other systems, the NeoVolt battery can independently power only one of the three phases if the grid is down, but with the grid up, all phases power can be offset by the battery with a three-phase smart meter. Since our home meters are upgraded to net smart meters, they will calculate your usage based on total input and total output for AC coupling systems. It can also integrate with almost all existing inverters like the Fronius Symo. For more detailed information, our technical team can provide specific insights and advice on how this setup can work best for you. Feel free to reach out to us directly.

  • Succulent on 10/08/2024 - 08:37
    +3

    In NSW just wait until 1st of Nov where we have govt rebate for battery installation. I think there will be a lot good offer?

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