Solar power is a compelling option for reducing reliance on the grid and minimising your environmental impact. However, sunshine isn’t constant. Solar batteries bridge this gap by storing excess energy generated during the day for nighttime use or power outages. But are they a worthwhile investment?
This blog post explores solar battery costs to help you decide if they’re the right fit for you. We’ll also explore factors influencing battery price and the potential return on investment.
Solar batteries are like energy vaults that capture and store power and enable you to use the energy whenever needed. They are so much more than power backups, as they can help you transform your home’s energy usage through multiple benefits, including the following:
Choosing solar power means choosing the path to significant cost savings on your energy bills. During peak usage times, when electricity rates are typically highest, you can leverage your stored solar energy instead of relying on the expensive grid. This helps you bypass expensive peak-hour charges and significantly lower your energy bills.
Moreover, in areas with net metering policies, you can potentially sell excess energy back to the grid during peak production times. This earned credit can offset the cost of any grid-supplied electricity you use when your solar panels aren’t generating enough power. Thus, with the help of a battery for solar panels, you become a smart energy consumer by maximising your financial savings.
Solar batteries amplify the eco-friendly nature of solar power. When you opt for solar power, you contribute to a greener and cleaner environment. Fossil fuels are the major contributors to global warming, and when you opt for solar panels with battery storage, you are combating climate change and promoting a more sustainable future for our planet. Your carbon footprint reduces as you rely more on clean energy from the sun and reduce your dependence on fossil fuels.
Solar batteries contribute to the stability of the entire electricity grid. When many households and businesses use solar energy systems with battery storage, it creates a distributed generation model. This means that during peak demand periods when the grid experiences high strain, properties equipped with solar batteries can use their stored energy instead of relying completely on the grid. This reduces the likelihood of blackouts and brownouts.
Investing in a solar battery system is a wise decision that brings value to your life and your property. As more people switch to solar, homes with battery backup are becoming increasingly attractive to environmentally conscious and financially astute buyers. Studies suggest that such homes sell out faster and at a higher price than homes without. By investing in solar batteries, you are not only lowering your electricity bills but also potentially increasing the value of your most significant asset.
Want to enjoy these benefits offered by solar systems for your home? Call us at (07) 4183 0301. We also do commercial solar installations!
| System Size | Estimated Price (including GST) | Inclusions |
|---|---|---|
| 6.6kW | $3,990 | “N Type” Double Glass Solar Panels (30 Year Warranty) One 5kW inverter (12 year warranty) |
| 7.9kW | $4,290 | “N Type” Double Glass Solar Panels (30 Year Warranty) One 6kW inverter (12 year warranty) |
| 10.5kW | $6,490 | “N Type” Double Glass Solar Panels (30 Year Warranty) One 8kW inverter (10 year warranty) |
| 13.2kW | $8,190 | “N Type” Double Glass Solar Panels (30 Year Warranty) One 10 kW inverter (12 year warranty) |
Solar batteries are a powerful addition to any solar panel system, offering energy independence, cost savings, and environmental benefits. However, the upfront solar battery costs can be a significant hurdle when opting for solar batteries. To get a better understanding, let’s check out the factors that affect these solar battery costs.
Just like any storage unit, solar batteries come in various capacities, measured in kilowatt-hours (kWh). This capacity determines how much energy the battery can store. The higher the capacity of the solar battery, the higher the upfront cost.
Larger batteries require more materials and have a more complex manufacturing process. Also, two key elements you should consider when checking battery capacities are your daily energy consumption and the desired level of energy independence.
Do you want to power your home through occasional outages or aim for complete self-sufficiency during extended grid disruptions? Answering these questions will help you determine the optimum battery capacity and the associated cost of solar batteries in Australia.
The technology used in making the battery also determines the solar batteries for homes cost. Lithium-ion batteries are popular for their efficiency and lifespan but can be expensive. On the other hand, lead-acid batteries are cheaper but have shorter lifespans and lower efficiency. Thus, it becomes important to consider the tradeoff between upfront cost and long-term value.
If you want a solar battery that lasts longer and performs exceptionally well, then opting for a reputed brand is all that matters. These brands have a track record, which comes at a cost due to the quality of materials and manufacturing process. Some brands also offer longer warranties, which increases the overall cost of solar batteries.
The complexity of your solar battery system design and installation can affect the overall cost. The number of batteries, system monitoring features, and installer labour costs can all contribute to the final solar battery price tag. Thus, when choosing solar batteries in Australia, remember the cost may vary depending on the complexity of the system.
While battery size and system needs are key cost factors, your location in Australia can significantly impact the final price. Imagine you’re looking for a 10kWh battery. In QLD, with its high sunshine hours and supportive regulations, you might find systems priced around $10,000. In contrast, areas with fewer installers or higher electricity costs, like Hervey Bay , could see prices closer to $12,000 for the same battery. To get the most accurate idea of your situation, it’s crucial to obtain quotes from qualified installers in your city or region. This will ensure you receive pricing that reflects the specific factors at play in your area.
The upfront cost of solar batteries can be a significant investment. However, the good news is that many governments and local authorities are offering attractive incentives to encourage homeowners to adopt solar energy storage solutions. These incentives include:
These are upfront deductions from the purchase price of a solar battery system, directly reducing the solar battery price you pay out of pocket. The rebate amount can vary depending on the program and your location.
Tax credits provide a deduction from your federal or state income taxes based on a percentage of the cost of your solar battery system.
Eligibility for solar battery incentives depends on several factors, including the specific program and location. To know more about the eligibility criteria, you must learn about the following:
If your house uses 30 kilowatt-hours (kWh) of electricity daily, a system with medium-sized panels (6.6 kW) and a good battery (10 kWh) could cover a whopping two-thirds (66%) of your daily needs. That’s a significant improvement compared to just solar panels, which could only manage around 39%.
The battery itself is cost-effective. On most days (nearly 99%), it fully recharges using the power from the solar panels. However, it’s important to remember that batteries can be expensive. To maximise your savings, it’s ideal to have enough solar panels to utilize at least 80% of the battery’s capacity. This way, you get the most out of your investment and save a considerable amount of money on electricity bills.
Solar batteries are a powerful investment in your home’s energy independence, environmental sustainability, and potentially even its value. While the upfront cost of solar batteries can be a hurdle, consider it alongside the long-term savings on electricity bills, potential government incentives, and environmental benefits.
Want to know more about solar panel battery prices? Give us a call at (07) 4183 0301.
The cost of solar batteries in Australia typically ranges from AUD 4,000 to AUD 12,000, varying by capacity, brand, and technology.
To install a solar battery in Australia, contact our team. They will evaluate your energy requirements, integrate the battery with your existing system, and ensure compliance with local regulations. To begin the solar battery installation process, give us a call at (07) 4183 0301.
Solar battery prices in Australia are expected to decline as technological advancements, increased competition, and government incentives drive down costs. You can expect to enjoy solar power at affordable prices soon!
