Is the cost of battery storage for solar panels in Melbourne Worth it?

Hi Everybody, I have another question people ask, is Back up batteries or battery storage for Solar panels worth getting in Melbourne or Victoria? In most cases the answer is, no! Here is why. Battery storage helps with night usage or mainly off peak electricity usage however the rates charged per kilowatt is considerably less than peak power charges. e.g. off peak is about 16 cents to 19 cents so to get your return of investment it is going to take 2 to 3 times longer than solar panels on their own that are installed on your roof. However as battery storage costs are dropping, as for example we can install a 6:6 Kw Solar Panel system with a big 9:6KW  Battery solar storage after the rebates for about $13,888. The same system only a few years ago would of been up to $40,000 to install huge difference right. This is the best year to get them installed if you contemplating a battery and solar energy system to be installed in melbourne or Victoria.

As you are not saving as much as you would with peak power rates. {during the day usage.} Also Solar battery storage cost in general is more expensive than solar panels being installed. To make it less viable to use battery storage you will be getting 11 cents per kilowatt if you produce extra power that goes into the grid instead of the 6.5 cents you were getting. In the future battery storage will be more viable but not yet.

I hope you like this info and if you want a solar panel installation quote with a free assessment of your commercial premises or home to see if it is worth doing, please call Bryn 1300 556781 or a mobile 0411378082

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