Should You Invest in a Solar Battery for Your Home?

If you’re wondering how solar batteries may help you, you’ve landed in the right place to resolve your doubts. Solar batteries work as energy storage devices that can be integrated with solar panels. They preserve the electricity generated on sunny days to utilise it at night or during cloudy weather. Despite its high upfront cost, more and more Australian households are interested in buying solar batteries to double their self-generated energy utilisation. More than 1 out of 4 systems are installed with a solar battery every year in Sydney. So, what benefits would you reap if you invest in a battery for your solar panels?

BENEFITS OF INSTALLING A SOLAR BATTERY BANK

Installing a backup battery bank can offer a number of benefits to homeowners and businesses. One of the primary advantages of investing in a home backup battery bank is that it allows you to store the excess energy generated by your solar panels for later use. This means that you can power your home or business even when the sun is not shining, reducing your reliance on the grid and potentially saving you money on your energy bills.

Overall, installing a solar bank is a smart investment for those who want to reduce their energy costs, increase their energy independence, and make a positive impact on the environment.

The pros of using solar batteries outweigh its cons.

Saves Power

Solar panels are typically connected to power grids to supplement power deficits during cloudy days. You have to sell it to the grids to enjoy a rebate on your electricity bills when excess power is generated. Solar batteries replace the requirement for grids. They store energy when produced in excess and consume it when deficient.

Greater Security

Solar batteries provide a reliable energy source when required. If your location is remote and your power grid often breaks down, solar batteries can serve you uninterrupted electricity to run your household without a hassle.

Reduces Pollution

Solar energy is one of the most widely acknowledged alternative resources that cut down your home’s carbon footprint. You can enjoy a secured electricity supply with solar batteries without adding to the pollution of fossil fuels. Unlike generators, solar systems don’t create noise pollution that will bother your family or neighbours.

Curtails Your Energy Costs

The greatest utility of solar batteries is that they allow you to save energy, thereby reducing your electricity retailer cost. You don’t have to depend on third-party electricity providers and pay huge monthly bills to get a regular energy supply.

Rebate on Installation

Australian governments offer local rebates and incentives to encourage the “go green” campaign. In Victoria, a rebate is available for batteries of current value up to $4,174, which will eventually be reduced to $3,500. New South Wales has introduced interest-free loans of up to $14,000 on new installations while providing $9,000 to integrate batteries into existing solar panels. These and many more incentives greatly reduce the upfront cost and encourage household consumers to install solar batteries and be self-sufficient with their electricity supply.

Extended Warranty

Solar batteries typically come with a 10-year warranty period within which they can be replaced. This short coverage of the warranty discourages customers from opting for it. Analysing customer behaviour, some companies now provide consumers with an extended warranty of about 20 years. Achieving a decent ROI within this extended period seems to be quite realistic, coupled with government incentives for installation.

What is the Cost of Installing a Solar Battery?

Australians pay approximately $1.200 per kWh of storage. Depending upon the size of the solar battery, the price ranges from $5,000 to $12,500, excluding the installation cost. A 10kWh battery costing $12,500 is by far the most preferred choice to maximise household energy storage and consumption for hours.

Key Takeaway

Leveraging government rebates on installing solar batteries will be the most economical decision to reduce its upfront cost and enjoy extended periods of alternative energy. Though solar batteries are slightly expensive, their benefits and utility make them a worthy investment.