Are Solar Batteries Cost-Effective?

Some of the major contributors to solar battery costs are the chemical materials that make up the battery, the life cycle of the battery, the storage capacity, and the usable capacity.

Also, considering that a solar battery’s lifespan lasts 5 to 15 years, the battery may have to be replaced more than once over the lifespan of your solar panels (typically 20-30 years). This can increase the total cost of installing a complete solar panel system.

However, if you are not home during peak sunshine hours, having a home battery storage system is certainly worthwhile. Your solar batteries will be able to store electricity for use when you are home after dark.

Suffice it to say, solar battery storage system costs are not inexpensive, but the investment can make up for the cost if implemented effectively. With batteries, you can become 100% energy-independent and self-reliant.

Why Do You Need a Solar Battery Storage System?

Pairing solar batteries with solar arrays is a relatively new practice, but an effective one. You can benefit from solar battery storage in 4 key ways:

1. Store energy for later use
2. Significantly lower your energy costs
3. Earn money by selling stored energy to the grid
4. Become independent from the grid

Firstly, a solar battery stores the energy generated during sunlight hours and makes it readily available for use during non-production hours, such as at night or on cloudy days. By making use of photovoltaics you can essentially run your home on 100% renewable solar energy around the clock, as long as electricity demand does not exceed the supply that the battery can provide.

In addition, solar battery backup power can lower your energy costs significantly. By charging the solar battery during off-peak hours and discharging it during peak hours, you can avoid paying a lot for electricity from your utility company. The savings from this can serve towards reducing your battery system costs.

What\’s more, you can sometimes earn money by selling the energy stored in your solar battery back to the electrical grid when electricity prices are at their highest—if your energy provider accepts the exporting of stored energy.

Finally, by adding a solar panel battery to your solar system, you can choose to be independent from the national grid at any time, thereby ensuring energy security for your household. Naturally, the how many solar panels you need to install for this will vary depending on your energy demands and budget.

When Is It Ideal to Install One?

A solar battery storage system is best used in combination with a solar PV array. Lucky, if you already have an existing array, it is a relatively simple task to add a solar battery into the mix. And if you have neither, the two systems can be bought in tandem to make your home run entirely on renewable energy.

The two technologies complement each other to bring down your storage system costs by making your solar panel array vastly more efficient. If you have been considering going green, there is no better time to start taking advantage of the money you can save on your monthly electricity bill.

Solar battery storage systems offer a variety of types of batteries for you to choose from, along with many advantages, like more eco-friendly efficiency, longer lifespan, and easier installation.

If you don\’t have a solar panel system, you can purchase a battery by itself and charge it with energy from the grid. This would not be a solar battery solution but it can be another way to reduce your costs if you charge your battery during low peak times.