It's like the spare tyre question.blackout protection is necessary.
Give me the cost of battery and the amount of kWh the warranty guarantees over the warranty period, and the warranty periodAny thoughts on what the payback time for this might
Auto changeover better and while in off grid mode you can dump non critical loads such as aircon - these can often be operated by an app. Or you can wire the system such that when in Off grid mode only critical circuits are automatically supplied.sense to have a manual changeover ??
ThanksIt's like the spare tyre question.
Give me the cost of battery and the amount of kWh the warranty guarantees over the warranty period, and the warranty period
Auto changeover better and while in off grid mode you can dump non critical loads such as aircon - these can often be operated by an app. Or you can wire the system such that when in Off grid mode only critical circuits are automatically supplied.
So:I have a quote for a solar battery for $8.2k for a 20kw battery
Thanks for that analysis.So:
Battery $8200
Warranty 10 years
Warranted kWh in that 10 year period 3120kWh per installed kWh. Tot = 62400kWh. Meaning you can take 62400kWh out of the battery during that 10 years
Let's assume you use all of that 62400kWh in the 10 years. If you use all of that in less than 10 years it will be cheaper per kWh
Let's also assume the opportunity cost is the interest rate of a home mortgage = 5%
So 10 years of $8200 actually cost you $10436
Because it was not earning an income elsewhere.
Let's assume that each kWh you see is actually 95% of the kWh that goes into the battery. Charging and discharging incur some losses so your 62400kWh is actually 59280kWh
So 10436/59280 =0.176
= 17.6c/kwh. This is the cost of discharging the battery of power on a per kWh basis
However there is a cost to charge the battery. The cost of this electricity is either your solar panels or cost of electricity from the street. Add this to the 17.6c/kWh. Let's say the cost of solar to charge the battery is the greater of Feed in tariff and 5c/kWh approximate
So let's round up the cost of battery to 20-22c/kWh for arguments sake
Your payback period depends on the cost of your street power that the battery replaces.
If the cost of street power is less than 20-22c/kEh cost of charging you are losing money.
The idea is to use all of the warranted kWh before the 10 year period because the amortisation period is then not 10 years but less - you are not paying "interest" once it is fully amortising.
So it is important to dimension the battery size appropriately..
April next year is when current plan ends. Not hopeful then. Interestingly just looking at plans if I changed today I can see the 2c FIT amd the daily charge plus usage charges are cheaper than if I opt for the highest which is 8c FIT. They'll get us either way.Thanks for that analysis.
I already have solar but FIT is 2c
Minimum I'm paying at the moment for electricity is 19c but that goes up to 51c which is peak time and probably when I would use the aircon most and the electric stove the most so with all of that I think it's probably worth it and payback of around 10 years but whether I'll still be here or not is another matter
Likewise; bizarre but installing a battery would likely increase your electricity bill.We are currently on 48c…..![]()
I hear you. Exactly what I'm thinking, will I be here at 80?Thanks for that analysis.
I already have solar but FIT is 2c
Minimum I'm paying at the moment for electricity is 19c but that goes up to 51c which is peak time and probably when I would use the aircon most and the electric stove the most so with all of that I think it's probably worth it and payback of around 10 years but whether I'll still be here or not is another matter
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Insurance?...work out what to do
Charging up a home battery (loses typically up to 25% of the kWh input depending on what battery you have as it converts it from DC to AC (panels to inverter) and then from AC to DC (inverter to battery and then back again when you draw out the power). A term quoted for batteries is 'round trip efficiency' but this only refers to the power lost (kWhs) getting it into & out of the battery.We are in Brisbane suburbs.
We have 13.5 in the roof with no overshadow and twin 5 inverters installed.
Supply from Energex is single phase and retailer is Origin with FIT of 4c
Been in this place 2.5 years and not paid for electricity yet, partially due to gov and retailer credits. However credits are gradually being eaten away with each quarterly bill.
If the gov rebates dry up and if we have a really hot wet season I expect we may go from credit to start paying.
While any energy costs are likely to be insignificant in the near term, there is no real financial incentive to install batteries.
However, there are couple of reasons I have been toying with installing batteries.
1. Blackout protection. Although we haven't had one at this place (we have had in the past elsewhere in Brisbane), the increasingly unstable weather patterns make it more likely in the future.
2. Still contemplating purchasing an EV within a couple of years.
Oh and 2 person (adults, one senior) household.
Anyone would like to comment if they were in this position.
Absolutely, I'll DM you, have the web app almost at alpha stage if you have interval data to use. Will just need to grab your retailer and tariff details too for comparison, I only have a couple configured at the moment.I have a 6.64 kW solar panels set up.
Now down to FIT of 2c
I have a quote for a solar battery for $8.2k for a 20kw battery but need to check whether that includes blackout protection.
What are people's thoughts on whether blackout protection is necessary.
My electricity bill is around $2k pa but I recently installed a new aircon and it's much cheaper to run.
@exceladdict are you still interested in running some numbers
Any thoughts on what the payback time for this might be?
