With the surge in the number of Australian households and businesses opting for renewable energy sources like Solar, Wind, Hydro, one question seems to be popping up now and then – do I need a solar battery? Currently, solar batteries offer you a little more flexibility in terms of the time of the day you can use the solar energy generated by your system. We know that solar panels work only in the presence of sunlight. What about evenings and nights? In a scenario where you don’t have a home solar battery, all the excess energy generated by your system during the day gets sent back to the grid, only to be repurchased at expensive rates.
What makes batteries a significant investment is that you can store the unused energy generated by the solar system during the day, for use at night, when the sun doesn’t shine. This means you save all those dollars you would have otherwise spent repurchasing the energy generated by your panels.
So, yes, solar batteries come with a great lot of benefits. Although would it make financial sense for you to invest in them?
Here’s a quick way to figure out if you should invest in solar batteries for home –
Monitor your energy usage
Observe your energy usage and requirements throughout the day. When do you use most of your energy, in the daytime or in the evening? Do you spend your weekends indoors or outdoors? How many electric vehicles do you have? How many appliances do you have and how efficient are they?
Batteries prove to be most beneficial to households and businesses that:
Consume a major chunk of their energy during evenings, powering up appliances for a significant amount of time.
Have sufficient energy leftover to last them through the evening/night.
They are connected to grids charging high electricity prices.
Suppose you live in an area where power outages are not very uncommon. In that case, you might want to look into investing in a solar battery to save the money you’d be paying your local grid in order to purchase electricity during a power outage.
If you live in an area where power outages are limited to once a month, then it would be a great way to benefit from the peak and off-peak pricing model. Calculate your ROI
Is the solar battery for your home going to save you more than you spend? If yes, it makes sense to invest in one
An easy way to determine your potential savings of investing in a home solar battery is:
Latest annual energy expenditure x no. of years covered by warranty x 0.80.
These are the basics you need to know before considering investing in a solar battery
Need further assistance? Our solar battery experts are a call away.