Many homeowners have begun to put all their faith in home batteries, to save them from their power bills and get them off the grid. No doubt it had everyone's energy retailer worried.
Tesla’s announcement of their second generation battery marked the beginning of a new era in which homeowners had become aware of a new way to save on power.
That was what the Newspapers told us anyway.
But, since the rise of home batteries, one thing has become clear…
The savvy homeowners are looking elsewhere to save on energy.
The truth is, if you are serious about getting the best return on your investment, you should forget about solar batteries.
The question is, why?
Expensive Batteries and Minimal Savings
Why do homeowners invest in solar and perhaps batteries in the first place?
To save money, of course.
The largest batteries on the market rarely have a capacity over 13.5kWh.
When you calculate what a big battery like that could save you, it turns out to be around $3/Day.
Or $11,000 over the life of the battery. Wow!
At first, this sounds substantial.
Who wouldn’t want to put an additional $11,000 in the bank over the next 10 years!
However, you will pay more than that to buy and install a battery.
Unfortunately, that means that after ten years, you will be left out of pocket. That’s the best case scenario.
But there’s more.
Many customers are receiving up to 16c/kWh to export their power back into the grid.
That means that without a battery, your excess solar power is still making you money.
In reality, getting a battery would only save you an extra 8c/KWh.
Which equates to less than $4000 over a batteries ten-year life cycle.
You’re probably thinking to yourself, ‘That’s it, there’s no way to reduce this damned bill. I’ll just change providers again, and maybe I’ll save a few dollars here or there by arguing with my retailer's salespeople for hours at a time’.
Luckily for you, and homeowners across the country, there’s a better way to save.
Solar Works As It Is (...and Pays for Itself)
It sounds too simple.
Solar has been around for years now; it’s nothing new.
But, in the last decade, Solar has improved so much, homeowners are often blown away by how much they can save.
That’s because the price has dropped significantly, making solar a smart choice for even those of us who spend fairly little on our bills.
Solar’s low upfront cost, means that even in the worst case scenario, you will come out on top.
Let's take a look at what you could realistically save with solar!
Most people use their power in the morning and evenings, however, that equates to around 40% daytime usage and 60% night time usage.
If you were to use 40% the power your produce, then you would 60% left over to export to the Grid for a 16c/kWh return.
In such a scenario, a standard solar system would save your home, up to $2604 a year or $651 a quarter.
On top of that, if you qualify for no-interest finance, then you can get solar for $0 down. That means that you don't have to let go of thousands of dollars.
For many homeowners, the amount they save on their power bills is less than their weekly repayments. Meaning you'll never be out of pocket with solar power!
That means that you're saving more than you spend!
So the question you might be asking is ‘How much can I save with solar?’ If so then try out our solar calculator now.
When home-owners check how much they save, many are shocked that subsidies and rebates cover 99% of costs associated with installation, so it literally costs $0 (out of pocket) to have done.
You might be surprised by what you're leaving on the table and how effective solar can be without a battery.