fbpx

Storage Batteries: Is Battery Storage Worth It?

The development of battery technology has had an incredible impact on the uptake of solar panels for domestic homes. Solar panels have existed for many years, but their popularity has surged as storage batteries have become common. Solar power is a fantastic energy source, giving 100% renewable, green power day after day after day. With its affordable and easy-to-install set-up, solar power has many benefits. However, for a long time, the main downside to solar power has been that the power produced has to be used now, and this time is during the daylight hours when most people are at work, not at home. However, solar storage batteries have changed all this. They have made running a solar set-up in your home a feasible, practical, and affordable solution to the energy and climate crisis.

What is the Lifetime of Battery Storage?

Batteries have a lifetime, so when calculating the potential savings from your solar power set-up, remember that the solar battery will need replacing before the solar panels. On average, solar storage batteries last anywhere from 5 to 15 years. When choosing the best storage battery for your home, look for the warranty on the manufacturer’s pack to know how long the battery is expected to last. Duracell Energy storage batteries should last many years, so our storage batteries all come with a 10-year warranty.

Will Battery Storage Save You Money?

Investing in a home battery storage system will save you money. Even if you don’t have solar panels in your home, you can still save money with a battery storage system. If you have solar panels, and an electric car, you can save substantially. The solar panels will generate power during the day, which the home battery will then store until the evening, when you can discharge the battery to power your home with effectively free energy. If you have the system set up correctly, you can work towards being entirely self-sufficient and not having to buy any energy from the National Grid. If you don’t have solar panels, you can save money by having a variable energy tariff, buying your power during off-peak times such as overnight, and using it during peak hours. This also has the advantage of reducing your carbon footprint, as the energy produced by the grid during the off-peak hours is often greener.

How Much Money Will a Solar Battery Save Yearly?

This figure will vary according to your set-up, and it is wise to do your own research. There are many sources on the internet giving different savings, based on their own calculations, for example, Grand Designs Magazine calculated a saving of £800 based on a standalone battery system. If you start selling your surplus power back to the grid on the Smart Export Guarantee scheme, then you could save even more money. The more solar panels you add to your set-up and the more power you can generate and store, the more money you can save.

What Are the Benefits of Investing in Solar Battery Storage?

Aside from the financial gains, there are other benefits to investing in solar battery storage. Solar power is green energy, so using this energy source will significantly reduce your carbon footprint. By having your household energy system, you are no longer reliant on the grid. This means you are protected from massive price hikes, and other things such as power cuts or supply issues in recent years. If you already have solar panels in your home, investing in a solar battery storage system will allow you to optimise your previous investment—the benefits of battery storage show why it is becoming increasingly popular.

What Are the Downsides of Getting Storage Batteries?

The main downsides to battery storage are the initial set-up costs and the lifespan. The set-up costs can put people off investing in a storage battery, but if you have the capital to invest in one, you will reap the benefits. The lifespan of batteries has long been an issue in developing better solar power battery storage systems. However, modern lithium-ion batteries have a far longer life span than their older counterpart, the lead acid battery. People have preconceptions about battery life, but this may be based on old technology, and modern batteries last far longer. However, your storage battery will last for less time than your solar panels, so it will need to be replaced within the lifetime of your solar panels.

Are Home Batteries Worth It?

From a purely financial position, home batteries are worth it. While they may take several years to break even, they will still bring a monetary benefit to your home over time. However, more than just the economic benefit is worth considering. If you want to reduce your carbon footprint as an individual or a household, investing in solar panels with a home storage battery is an excellent decision. If you are looking at an EV, then combining this with a solar panel and home battery set-up will give you a complete home green energy system. Also, by having your home power set up with solar panels and battery storage, you protect yourself from the volatile energy market. The National Grid can become overloaded at peak times, which could lead to power outages, but having your home battery storage system protects you from this.

Choose a Duracell Energy Home Battery For a Greener Future

We are passionate about designing and developing greener homes for the future. Our home batteries, EV chargers, and inverters all work together with our impressive app to give you complete control of your entire household energy system. Embrace a greener tomorrow, simply use our online quote calculator to help you choose the best solar battery storage set-up for your home.