How Much Can You Save With Solar Panels and Battery Storage?
Many Australian households have already gone green by installing solar panels, and many must be researching whether solar panels and batteries are worth it. Solar and Battery Package unlocks massive savings on electricity bills.
Studies show a 50-80% reduction in energy bills through efficient self-use. The battery in a Sunsolar Energy system stores excess power during the day and uses it during the evening, avoiding peak rates and falling feed-in tariffs (now as low as 5c/kWh).
This post takes you through the potential savings from solar panel installation alone, as well as the benefits of installing a solar battery. Let’s reveal how you can maximize returns amid rising electricity rates.
Savings with Solar Panel Installation Alone
Solar panels offset grid reliance. Solar panels generate free power and also earn feed-in credits.
A larger system size, like a 6.6kWh system, usually yields greater gains. Location, metering, and net usage also influence your savings over the years.
Notably, the yearly savings with solar panels alone range from A$1,000 to A$1,500 due to the limitation of daytime-only production. So, expect to save A$25,000 to A$37,500 over 25 years. Yet, electricity costs are rising by about 2.8% every year.
Benefits of Installing a Solar Battery
As batteries store excess power generated by solar panels during the day and use it in the evenings, when electricity costs are higher, they contribute to greater savings overall. Your yearly energy savings can skyrocket to A$2,000 to A$2,800 by adding a solar battery to your solar panel system.
As batteries help you use stored power during nights, they avoid 30-40c/kWh buys during peak hours. This phenomenon provides a remarkable boost to your energy savings that you may not achieve with solar panels alone.
Total Solar and Battery Package Impact
Considering a 10kWh Sunsolar Energy Solar and Battery Package, you can expect to earn A$100 as bill credits. The package delivers about 60% bill savings, turning users into net exporters.
Custom sizing as per energy bills ensures optimal generation. Small homes can go for a 6.6 kWh solar system, while commercial establishments may need a larger system size to meet their energy needs.
Solar Panels and Battery Package Help You Achieve:
- Capturing 100% excess energy instead of low grid exports.
- Power homes during outages, saving freezer spoilage.
- You can implement efficient time-shifting to avoid peak pricing.
Factors Affecting Overall Savings
- Usage Patterns: Evening-heavy loads usually maximize the battery value.
- Energy Rates: Higher tariffs ultimately maximize your gains from energy exports to the grid.
- Customized System Size: Match your bills with a solar panel and battery package for a perfect fit.
Costs and Payback
Solar panel installation in Australia costs between A$5,000 and A$15,000, depending on system size (6 to 13 kWh systems) and other technical factors (pre-rebates). Batteries add another A$10,000 to A$20,000, yet qualify for upfront cuts.
You can expect lifetime savings of about A$20,000 to A$28,000 over 10 years. The figures may rise with inflation. Sunsolar Energy tailors site-specific solutions to maximize your ROI.
Environmental Perks
Solar panels and a battery package reduce CO₂ emissions by 4-13 tons per year. It adds value to your property and helps you achieve energy independence.
Unlock maximum savings with Sunsolar Energy’s Solar and Battery Package. Choose the most reliable solar energy partner.
FAQs
Q 1: How much savings can you expect from a solar and battery package?
You can expect a 60-80% reduction in electricity bills, or a yearly saving of A$1900 to A$3,750, based on your system size, through self-consumption of solar power.
Q 2: What are the benefits of installing a solar battery?
A solar battery stores excess solar power and helps you utilize it during peak hours, such as evenings, when the electricity costs are higher. You will have reliable backup during blackouts. Similarly, adding a solar battery shortens the payback period.
Q 3: What are the average solar panel installation costs in Australia?
Solar panel installation costs range from A$5,000 to A$15,000 (pre-rebates), depending on system size, roof type, shading, orientation, and year-round daylight availability.
Q 4: What is the typical payback period for solar panels and a battery?
Solar and battery package usually pays for itself within 7-10 years. The payback period may be shorter if you receive rebates and achieve higher self-consumption of solar power.