It's Time To Get Excited About Solar Storage 2015-12-24

 

Energy Storage is a buzzing topic in the solar community, and we anticipate that Solar Storage will transform Australia's energy market and create yet another wave of solar uptake. However before installing batteries, we want people to think about their electricity consumption and pick the best solar and battery system for their house.

In this article, we will look at why solar storage will be such a hot topic in 2016.

Solar Energy Storage is about to get a lot cheaper

At the moment, a fully installed hybrid solar system with solar storage is somewhere in the vicinity of $15,000 to $25,000.

This system typically includes a standard grid connected solar system with the addition of batteries, and a battery inverter. With a return on your money possible in around 3 to 5 years for a solar system without batteries, the main expense of hybrid solar is the batteries along with the associated hardware needed to operate them efficiently.

However, as Giles Parkinson from Reneweconomy.com.au says in his article; the soon to be released Tesla Powerwall battery storage concept along with the Enphase AC Battery will have an impact on Australian battery storage prices. In fact, the current estimate for future cost reductions of battery costs is 8% per annum.

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