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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