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Battery Storage – 5 Reasons To Think About It

Battery storage is a bog topis right now as almost one-third of Australian households have solar panels – the highest rate in the world. With retail electricity prices steadily rising, and solar panels generating power during the day when homeowners are typically away, there’s a growing interest in battery storage. This technology allows homeowners to store excess solar power generated throughout the day for use at night, especially during peak electricity pricing periods.

Here are the Top 4 reasons you should be thinking about battery storage now:

1. Battery Storage Minimises Your Electricity Costs

Battery storage can significantly reduce your electricity bills. A solar battery enables you to store surplus electricity generated by your solar panels, which you can then use later in the day instead of purchasing from the grid. Importing electricity from the grid can cost approximately 7 times more than the credit received for surplus solar exported. Especially considering recent regulatory changes. Ausgrid, a major electricity distributor in NSW, has announced updates to their charges that will penalise exporting solar energy during peak production hours from 10 am to 3 pm. During these hours, when solar panels are at their most productive, exporting electricity to the grid may no longer be as financially beneficial. This makes battery storage even more attractive as it allows homeowners to store excess energy generated during these peak times and use it later when grid electricity prices are higher.

2. Increase Your Energy Independence

A battery storage system ensures more of the solar electricity you generate remains within your home. This reduces reliance on purchasing electricity from the grid during peak times, such as 4 pm to 10 pm, which is particularly advantageous if you’re on a time-of-use tariff.

Battery storage apps like Tesla allows you to monitor your home’s energy independence in real time.

3. Battery Storage Means Energy Security During Black-Outs

Battery storage systems equipped with blackout protection can power your house through outages, ensuring uninterrupted daily life. During a blackout, your solar system stops operating, but a backup supply (battery) automatically kicks in to power essential loads like lights, refrigerators, and freezers. The Tesla Powerwall 2, for example, offers this capability, using stored energy to keep your home running smoothly.

Tesla Powerwall 2 provides the ability to use stored energy to power your home during an outage.

4. Take Advantage of NSW Battery Rebate

The NSW battery rebate comes into effect on 1 November. The rebate will be between $1,600 to $2,400 depending on the size of the battery and your address.

Now is the time to get started on a battery journey prior to November. If you leave it to November, you will end up jammed in a long queue. The solar panels must be installed and connected to the grid before the battery can be installed and the rebate claimed.

This means its best to install the solar panels prior to the start of the scheme so you are ready to install the battery come November and get your rebate.

5. Adding Value to Your Property

Investing in energy-efficient solutions like a solar power  system with battery storage can significantly boost your property’s value. As electricity prices rise, homebuyers increasingly value sustainable features that reduce ongoing costs. According to Domain’s 2022 Sustainability In Property report (source: https://www.domain.com.au/news/are-energy-efficient-homes-only-for-rich-people-they-dont-have-to-be-1168858/),sustainable houses can command approximately $125,000 more in value, with sustainable units adding around $72,750.

At SolarBright, with over 16 years of experience in designing and installing solar energy systems and battery storage, we understand what works best for Australian homes and businesses. As industry leaders and certified installers of well-known brands such as Tesla, Sungrow and Sonnen, we offer expertise you can trust.

Contact us today at 1300 852 622 for a free battery storage assessment and discover how we can enhance your energy independence and property value.

Read Also:
Understanding the True Cost of Solar Panels
The Ultimate Guide to Solar Batteries: What You Need to Know