Is Battery Storage the Right Investment Now

Lately, solar energy has been more of a buzzword on the internet. That is because new technology is constantly rolling out. For instance, the efficiency of solar panels has almost doubled within the last decade. Along with that, new monitoring systems and smart battery storage systems are also gaining widespread popularity. 

One of the reasons why going off-grid has become trendy is the growing awareness regarding climate change. People are slowly realizing that electricity generated from conventional fossil fuels results in significant emissions that eventually harm the environment. These emissions have led to significant global warming over the last few decades. 

 

Hence, many people are considering going off-grid. However, other than a solar PV system, a solar battery storage system would also be necessary. With a solar PV system alone, you can reduce your reliance on the grid. However, you could never be fully independent.

Though, with a solar battery system, you can generate and store enough electricity for backup during the night and cloudy days. This would fully reduce the need of relying on the grid for electricity.

Many new buyers ask us, is it the right time to invest in a solar battery? We say that it is perhaps the best time. 

Solar Battery Storage Systems

Solar battery storage systems have proven economically viable in both industrial and commercial markets. At the same time, even for households, these systems can fully diminish the need of using electricity from the grid. This, of course, comes with plenty of savings in the long run.

Typically, a solar system with a storage battery could pay for itself in certain years. This would also depend on the capacity. However, sooner or later, your solar PV system and battery storage system will cover all the costs. Whatever you save from there onwards would be a profit. 

Today, solar battery technologies have improved significantly. In the market, you can find plenty of smart choices that come with monitoring systems, allowing you to regularly keep a check on the performance. While these are not cheap, they do certainly provide homeowners great value.

Should You Invest in a Solar Battery System?

Well, a solar battery system might not be for everyone. Whether or not you should invest in one, depends on your load profile and tariff. For instance, some regions offer great incentives on battery storage installations that help one get the ROI much quicker. 

Similarly, your usage also plays a great role here. If your usage of electricity is very high, a Solar Battery Setup might not be reliable. In that case, you will have to install multiple systems, which would of course increase the costs tenfold. And hence, getting back the return on investment would take significantly longer. 

So, we suggest you reach out to an expert and discuss your concerns. An expert installer or solar energy consultant can help you set the right expectations. At the same time, a solar PV expert can assess your electricity usage and give you some personalized advice accordingly. 

 NEED HELP?

If you would like to discuss any of the points above or you are just wanting to engage with a genuine, customer-focused solar company that will deliver a solar installation at a fair and reasonable price, give our friendly team a call on 1300 197 237 or contact us here.