Adding battery storage to your solar power system is the next step for energy independence however the benefits of batteries are still secondary to the benefits of solar energy itself. For some households adding a battery system can be of great of benefit and minimise a home’s reliance on the grid or allow you to become 100% independent from the grid as part of astandalone (off-grid) system. For others, the payback period or return on investment can outweigh the benefits of installing battery to a solar PV system.
As technology advances batteries will continually decrease in price becoming a desirable and practical purchase for Australians wanting to maximise energy savings and further reduce their bills.
Prices can range from around $2,000 to $20,000 + depending on the size, brand and functionality of the battery system.
It’s important to note that whilst batteries are gradually coming down in price, adding a battery won’t necessarily benefit your current financial situation like a solar system will. Today’s prices (if your state does not offersubsidies or incentives for battery) could have you looking at an expected return on investment in 8-15 years.
While this will vary, the current estimated payback period for a typical residential battery is between 8-15+ years, lower if you’re eligible for Government incentives which can assist in the upfront costs of purchasing battery storage.
If you were to install 5kWh of battery storage to your solar system with an estimated lifetime of 10 years (3,500 cycles) and made use of it each day you would be saving between $1 – $2 a day from not using energy from the grid, that’s roughly $365 – $730 per year although the capacity will slowly diminish over the 10-year lifespan of a battery.
Eventually, batteries will become as valuable of an investment as installing a solar power system, however, the fact is that the price of a battery can still outweigh the benefits and return on investment. Due to this, it’s understandable that households are holding off from battery storage until they become affordable to the average household.
But this does not mean you should hold off from installing a solar system.
While a solar power system without a battery will not make you 100% energy independent, it will reduce your power bills significantly and can give you a return on investment within 3-5 years. Read our blog to better understand the main benefits and reasons why you should consider installing a solar power system now as opposed to when batteries drop in price.
Receive Obligation Free Solar Quotes from installers and work out your payback periods!
Download Your FREE Beginner’s Guide To Solar Power!
If you’re considering solar for your property or just looking to maximise the savings for your solar system, download a FREE copy of our "Beginner’s Guide To Solar Power".
Become an expert and better understand the ins and outs of solar power and solar PV systems for your property.
Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy saving tips and more!
Received Quotes Tailored Quotes Suited To My Circumstances
I was able to get some good quotes and actually discuss the system I needed for my circumstances. I was informed on the quality of the parts used as well as the warranties provided. Tradesman were prompt and very professional.
Website Provided The Information I Needed
The information on the Solar Market’s website was great and assisted me in understanding what I needed for my home and what rebates I could claim. I received 3 Quotes within a few days from solar companies near my residence. Cheers for the quick service!
Very prompt response to my enquiry providing several competitive quotes. Also made me aware of what questions I needed to ask when speaking to solar installers. Now I have what I need to make a decision on what installer and system to choose.
Helped Me Understand The Process
I wasn’t sure how to go about adding a solar system. I was pleased after getting quotes and talking with contractors that I could understand what could be done and how much it’d cost. The contractors weren’t pushy and were very helpful.
With all honesty I recommend Solar Market
I made a request for solar panel installation, and Solar Market organised for companies to contact me with quotes. For me it was stress free without the ordeal to do it all myself, very happy with Solar Market service. Managed to find a company within a week to do the solar installation. With all honesty I recommend Solar Market. Thank you, Solar Market.
Solar Market sent out 3 very good companies to give me quotes
Solar Market sent out 3 very good companies to give me quotes.
Solar Market got in touch with a few companies at no expense to us
As a pensioner, funds are limited and we need help finding companies that will supply what we want. Solar Market got in touch with a few companies at no expense to us. It has given us a good start to find what we can afford.
Solar Market delivered
I asked for 3 CEC accredited installers and Solar Market delivered. Cheers!
Solar Market made it easy to get quotes from reputable companies
Solar Market made it easy to get quotes from reputable companies.
I would highly recommend the team at Solar Market
I just found solar market so helpful with giving me the option of 3 different quotes. It certainly took a lot of the stress out of going solar and choosing the companies to get quotes from. I would highly recommend the team at Solar Market.
Solar Market cuts the crap out of what the industry is all about and gives a fair and honest opinion on the products that are best suited for your application. I looked at Solar Market after going to a seminar about what we might get on our house and the products that were recommended at the seminar were on Solar Market’s website. Really Happy.
Took The Stress Out Of Searching For Solar Companies
Solar Market were so helpful with giving me 3 different quotes to compare. It removed the stress out of going solo and chasing companies to get quotes from. I would highly recommend the team at solar market.
Prompt Service and Home Visit From Providers
As a home owner looking to upgrade to solar we received prompt and excellent service from Solar Market. We received calls from 3 solar energy companies that arranged home visits with obligation free quotes. Within a week we had all the information and quotes we needed to enable us to make an informed decision. Thank you, Solar Market, for making the process comfortable and easy.
Thanks, Solar Market
Once I sent my request for Solar Market to have solar companies contact me with quotes for solar panels on my house, everything was very quick and efficient. The companies that solar market had contact me were professional and very experienced in the industry. Very impressed with the overall experience and professional way things were handled. It did not take long for me to chose a company that suited my needs to supply solar for the house. Thanks, Solar Market.
Using Solar Market made the process easy
Received 3 quotes from companies all with good reviews. Using Solar Market made the process easy. Thank you.
Contact Solar Market Today. I did!
Solar Market is a great platform to start with when you are looking to install Solar energy to your house. Contact them today, I did and I am very happy that I did. Cheers Solar Market!
Solar Market is reliable and genuine
Solar Market is reliable and genuine. This is an excellent service. Keep up the good work
Solar Market makes sure that I was satisfied with the companies
Contact from the three Solar Companies was received within two days and the follow up from those contacts was very good over the period of time it took to examine the quotes and make a decision. Contact from Solar Market during this process continued during this time to make sure that I was satisfied with the companies who had made contact to provide quotes.
Great site, I recommend it to everybody looking for solar panels
Solar market helped me to choose and understand solar. Great site, I recommend it to everybody looking for solar panels.
I found the Solar Market staff pleasant and helpful
"I found the Solar Market staff pleasant and helpful. The quotes they sent were very quick and I was more than happy to choose the one which was a standout with their experience and proposal presentation.
Their service was very prompt and very professional
Solar Market were great, I had three companies contact me and I have gone with one of them. Their service was very prompt and very professional.
The info on the Solar Market website was fantastic
The info on the Solar Market website with Q&A’s and ratings on the different panels and inverters was fantastic. It then allowed me to talk to the solar companies and know what I was talking about. Every aspect of solar is explained to help you make an informed decision. Thanks for your help, cheers!