In 2025, Commonwealth Bank of Australia (CommBank) launched a great initiative that will help Australian homeowners reduce energy costs and adopt clean energy solutions. CommBank has announced a $1,300 cash relief for those who purchase a Tesla Powerwall 3, which will be available through Wattle Power.
Such an offer goes beyond its great price reduction to serve two essential goals including future energy conservation and environmental sustainability. The following article presents complete information regarding this scheme by explaining both eligibility criteria and benefits and state government subsidies as well as application processes and critical dates.
What is CommBank’s $1,300 cash relief offer?
This offer from CommBank gives a discount of $1,300 on the purchase of a Tesla Powerwall 3. This scheme is part of CommBank’s “Home Energy Upgrades” initiative, which aims to connect homes to cleaner and more self-sufficient energy solutions.
- Offer amount: $1,300 discount
- Eligible product: Tesla Powerwall 3
- Shopping partner: Wattle Power (official installer of Tesla Powerwall)
Customers need to pay extra GST fees along with installation expenses at $8,589 when they purchase the Tesla Powerwall 3 through this shopping discount.
- Offer validity: 12 November 2024 – 31 March 2025
- Financing option: Interest-free payments via CommBank’s InstalPay plan
The offer covers service destinations extending to NSW, ACT, VIC, SE QLD, Perth, and Adelaide.
What is Tesla Powerwall 3?
The Tesla Powerwall 3 serves as a home battery system that collects solar power while also drawing electrical energy from the power lines during low-demand hours. The system allows reduction of electricity costs while serving as a backup power source during utility outages.
Powerwall 3 key features:
- 13.5 kWh energy storage capacity
- Automatic backup support during blackouts
- Easy integration with existing solar systems
- 10-year warranty
The power backup system becomes more accessible because CommBank provides customers with discounts and financing options for this energy independence solution.
Who is eligible?
The requirements will enable you to claim the $1,300 cash relief offer which CommBank provides at selected purchase times between 12 November 2024 and 31 March 2025.
1. Purchase timeframe
The cash relief from CommBank is available for purchase during this specific period from 12 November 2024 until 31 March 2025.
Purchasing can take place after this time, yet the agreement needs to be finalized before the given period ends.
2. The purchase requires Wattle Power as the exclusive online platform.
The cash benefits from CommBank are accessible only to those who acquire Tesla Powerwall 3 from Wattle Power.
3. Service Area Eligibility
CommBank provides Wattle Power cash relief with buy requirements set for areas of NSW, ACT, VIC, SE QLD, and Metropolitan Perth and Adelaide.
- New South Wales (NSW)
- Australian Capital Territory (ACT)
- Victoria (VIC)
- South East Queensland (SE QLD)
- Metropolitan Perth and Adelaide
4. Financing Options (Optional)
Wattle Power offers the InstalPay plan from CommBank for interest-free financing.
The requirement to obtain this CommBank deal includes both a CommBank transaction account and either NetBank or CommBank app access.
- Financing Options:
- Loan Amount: $1,000 – $30,000
- Repayment Term: 1 to 5 years
The financing has an annual interest rate of zero percent which provides customers with no interest costs.
Fees: No monthly or annual fees
The offer welcomes customers to purchase without InstalPay yet InstalPay stays active if the approval process succeeds.
Boost savings with additional state government subsidies
The available state government battery subsidies can be combined with CommBank’s $1,300 rebate offer.
| State/Territory | Subsidy Amount | Description |
|---|---|---|
| NSW | Up to $2,400 | Empowering Homes Battery Rebate |
| VIC | Up to $8,800 | Interest-free loan for solar battery |
| ACT | Up to $15,000 | Zero-interest loan for solar + battery system |
| WA | Up to $7,500 | Residential Battery Scheme (effective from July 2025) |
| NT | Up to $12,000 | Subsidy of $400 per kWh under Home and Business Battery Scheme |
The state subsidy and CommBank offer provide opportunities to significantly decrease your total expenses when merged.
Step-by-step process to get $1,300 cash relief
- Step 1: Check if you’re in an eligible service area.
- Step 2: Visit the Wattle Power website and receive a quote.
- Step 3: Confirm your eligibility and complete the purchase before 31 March 2025.
- Step 4: If required, apply for InstalPay via the CommBank app or NetBank.
- Step 5: Schedule the installation of your Powerwall 3.
- Step 6: Take advantage of state government battery subsidies where applicable.
Conclusion
If you’re looking to save energy, protect the environment and cut your electricity bills, CommBank’s $1,300 cash relief offer is the perfect opportunity for you.
- Hurry! This offer is valid until 31 March 2025 only.
- Save even more by combining this discount with your state subsidy!
- Apply now and make your home smart, sustainable, and energy-efficient!
FAQs
Q1. Will the $1,300 cash relief come straight to my account?
A1. No. This discount will apply when purchasing directly through Wattle Powr.
Q2. Can I still benefit from this offer even if I’m not a CommBank customer?
A2. Yes, but InstalPay interest-free financing is only available to CommBank customers.
Q3. Do I need to already have solar panels?
A3. No. But having solar panels is beneficial to get the most out of Powerwall 3.
Q4. What if I buy after 31 March 2025?
A4. Then this offer won’t apply. But other government subsidies may be available.
Q5. Is this offer available to business customers?
A5. No. This is only for residential customers.