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6 FAQs about [Are solar batteries worth it reddit]
Is a solar battery worth it?
With solar you don't really have to think about electricity rate hikes anymore, but with a battery your electricity bill basically becomes something you can forget about entirely. To a lot of people that is worth the money. You can calculate how much money you can expect to save with one.
Are batteries worth it?
Batteries ARE worth it if you plan their use properly. Every case is different. In my particular case, it makes complete financial sense due to electrical pricing. I pay $0.33/kWh peak, $0.27/kWh off-peak, and $0.12/kWh night. Solar is $0.17/kWh buy-back (limited to 5 KW continuous). Battery cost is around $0.06/kWh.
Would solar power save money if we didn't have batteries?
Without batteries you'd be running hot water during the day when Solar should cover it so only paying your feed-in. With banks offering 5%+ interest on savings, the interest alone on what the batteries would cost would come close to covering electricity consumption on better priced plans. People would save more than $400 a year.
How much does a solar battery cost?
Now battery prices are $3k to $4k and we might start to consider it. What's your solar production vs your usage though? If your feed-in is 10c/kwh and you're paying 30c at night, then obviously a battery would significantly adjust your costs.
Should I get a solar battery?
If you're at home and can run the dishwasher, washing machine and have a hot shower while the sun's still out. You'll speed up the payback period with a battery if you're consuming a fair chunk of electricity during evening peak hours, but it remains a huge expense on top of just getting a solar array installed.
Should I buy a solar inverter or a battery?
If you have extra cash it's worthwhile for a backup/offgrid option otherwise ROI is pointless you might as well upgrade to the biggest solar system possible for probably half the cost and forget about batteries for a few more years. This depends more on your inverter choice than battery choice. You need to select the right inverter.