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- Oct 13, 2013
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Correct, it is a one time only rebate per premises.No second bite at the cherry
Correct, it is a one time only rebate per premises.No second bite at the cherry
Good point. Maybe I will go larger for the (pre-rebate) cost of smaller.Remember the rebate is a once only per premises offer and proportion to the size of the system. No second bite at the cherry
The c/kWh reduces progressively as battery size increases.Maybe I will go larger for the (pre-rebate) cost of smaller.
The c/kWh reduces progressively as battery size increases.
CorrectCurrently one usage tariff, but a 3-step TOD tariff may work better with a battery
No, I would not do that. The cost of electricity coming out of the battery = cost of electricity going in + cost of battery on a c/kWh basisConsider top-up charge of battery from the grid during "low" rate tariff just before evening peak tariff commences on days when excess solar generation is insufficient
If there is insufficient charge in the battery to supply my needs during the peak tariff period, then I am paying the peak tariff rate for the additional power consumed during that peak tariff period. As an example, my battery at say 2kWh (~15%) charge at the beginning of the day and its an overcast day and my excess generation is low for the day (say 2kWh), leaving my battery at 4kWh as peak tariff approaches.No, I would not do that. The cost of electricity coming out of the battery = cost of electricity going in + cost of battery on a c/kWh basis
It only makes sense if the cost of electricity going in is solar or if the retailer has an electricity plan which gives free power during a certain period from which you can charge the battery.
I see my numbers a little differently. While I do not dispute your logic, I know the reality will be somewhat different due to factors that cannot easily be quantified, such as when we get extended days of low generation (as we had hear early and late March with solar generation less than 10kWh for 5 consecutive days) and the completely unknown tariff projects over the 10 year projection. 10 years ago we didn't even have TOD tariff here, and when my solar was installed, FIT was around 17c/kWh. So pre-install projections over the life of the system are not going to be accurate after the first year or so.Battery only makes sense if you have excess power during the highest electricity consumption period and if you have TOU.
Having said that it would make sense to get a quote to see if the battery on a c/kWh basis comes in under your general tariff
You need:
Installation cost
Total kWh throughout during the warranty period.
Opportunity cost of capital at prevailing interest rates
Charging cycle 90%
Losses in charging and discharging battery 10%
FiT forgone in order to charge battery
Battery degradation - Im assuming 0% in the first year and 15% in the 10th year. So assume 7.5% less available capacity every year.
So if the warranty is 10 years and the usable capacity of battery is 13.5kWh per day
The available energy per day = 13.5kwh x 0.9 x 0.9 x 0.925 = 10.1kWh
Total over 10 years at 365 days /year = 10.1 x 3650 = 36900kWh
If battery costs $8000 then the cost of battery in c/kWh = 8000/36900 = 21c/kWh
Add in Fit - lets say 4c/kWh
Your cost of battery power is 25c/kWh
How dos this compare with your tariff at the moment
This appears to be the main issue. Batteries only make sense if you have excess solar generation. Charging from grid financially does lot make senseI do not have sufficient excess generation every day to charge the battery to fully cover the peak tariff consumption
AFF Supporters can remove this and all advertisements
only considering charging from the grid on low-generation days when it would not be sufficient to charge the battery sufficiently to cover peak tariff period consumption. Certainly not feasible if doing that every day. But there are days almost every month, and sometimes up to 5 consecutive days) where the "sun does not shine" to the extent needed to achieve zero peak tariff period consumption.This appears to be the main issue. Batteries only make sense if you have excess solar generation. Charging from grid financially does lot make sense
That only makes sense if the cost of grid power to charge battery + cost of battery in c/kWh is less than cost of peak tariff.only considering charging from the grid on low-generation days when it would not be sufficient to charge the battery sufficiently to cover peak tariff period consumption.
But if you have already made the battery investment, then its really just the cost difference between off-peak and peak tariff rates (less a little for efficiency impact) on the days where solar generation is low due to environmental conditions.That only makes sense if the cost of grid power to charge battery + cost of battery in c/kWh is less than cost of peak tariff.
In most cases it is not
Not really, the cost is still there even if sunk costs.But if you have already made the battery investment, then its really just the cost difference between off-peak and peak tariff rates (less a little for efficiency impact) on the days where solar generation is low due to environmental conditions.
Or, move to an area that gets some sunshine.NM, sounds like you need to invest in a couple of EVs with a good VTL setup, in some ways cheap batteries![]()
South Australia is robust despite lots of renewables and lack of inertiaI expect the grid supply to become less reliable over time so having battery storage to cover possible grid supply instability periods (most likely to be peak demand periods)
Therein lies my other problem.... I didn't have a smart meter until I got solar. So my monthly/daily/hourly consumption data is only available from October last year. So as I said, I think I'll be needing to make some assumptions.If you have been with your electricity provider last winter, you should have consumption data in your online account - monthly/daily/hourly to help with estimation for July 2024