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Why solar batteries are a long-term investment?

In the solar sector, batteries are a game-changer. Your solar system will become self-contained if you have a battery installed. Solar batteries eliminate the need for consumers to purchase electricity from the grid. However, consumers who want to buy a solar battery have a huge concern. One big worry is that solar batteries are highly expensive and, in some instances, not worth the money. This blog will give you all the reasons to change your perception regarding solar batteries. It will further increase your knowledge regarding how solar batteries are a long-term investment instead of a point of concern for you.

Energy Independence

The significant advantage that an individual can see in getting a battery is energy independence. The surplus energy that a household produces using a solar system is sold back to the energy companies. This phenomenon is known as a feed-in tariff. However, the reality is that many energy companies will charge more from the consumer than the amount they are paying to them. In such a scenario, each kilowatt stored in the battery is always worth more than the amount sent back to the grid. Hence, a solar battery will create independence for you and help save money for you.

A women is shown in an image that is happy with the energy independence she's getting from investing in solar batteries. As solar batteries are a long-term investment

Increased Energy Savings

Solar batteries would undoubtedly assist you in reducing your overall energy expenditure. If you don’t have a solar battery, your system will send all the extra energy it generates back to the grid. Consumers then have to purchase electricity from the grid. However, some energy produced by your solar system is still surplus at the grid. The energy company will compensate you for it (feed-in tariff). The feed-in tariff (FIT) rate varies depending on where you live. You must verify the difference between the energy rate and the solar feed-in tariff. This will help you to calculate your overall savings with a grid system.

A woman is shown being happy with the energy savings she's getting from investing in solar batteries

On the other hand, the solar battery helps you store all the excess energy that the system is producing during the day but is not being consumed simultaneously. At night, this excess energy is used to illuminate the residence. If the amount of money you’re saving from a grid station is coming in positive, then it is more beneficial for you. However, this isn’t always the case, and a battery might help you save more money. As in this scenario, even if you’re not selling your electricity, you don’t have to purchase the electricity from any other medium.

You can also introduce a virtual power plant (VPP) to your system. It will help you send the surplus electricity stored in the battery to the grid. Neither, the grid takes the electricity from the battery all the time. Nor does it take all the power you have from your battery. It only takes the energy you’ve agreed to at the time of installation. In this way, you can sell your surplus electricity to the grid. That’s why solar batteries are a long-term investment and money savers.

Reduces Your Carbon Footprint

The solar system not only benefits you in producing energy that saves money, but it also provides clean energy that is not detrimental to the environment. This world is our sole home at the time. But we are producing enough pollution every day as a byproduct of humanity that humans have defiled this planet. The surge in pollution has sparked widespread concern. People now understand that decreasing one’s carbon footprint is a crucial priority that must be addressed. As a result, going solar can be a gift to the world that everyone can contribute. And adding a battery to your system can help you achieve greater energy independence while lowering your carbon footprint.

Helps you earn Rebates:

All solar goods are suitable for government incentives.   Hence, solar batteries are not an exception. Solar batteries are permitted for rebates. Government incentives also help you acquire one even if you don’t have the funds to pay for it all upfront. Solar systems are also eligible for several reimbursements from the Australian Capital Territory government. It makes the solar battery an affordable long-term investment that will grow into a valuable asset over time.

Also, if you install it with a VPP system, it will aid you in getting more savings by selling your surplus energy to the energy companies. But there is a critical point to know here: the grid will want the energy from the battery only during specific hours that the local electricity distributor mainly decides. Consumers cannot claim a higher rate when selling surplus energy to the grid, not in that period. But still, the rate is good and it can benefit the consumers. Hence, the rebates make it a long-term investment that can significantly benefit the consumers.

Long-term Investment

Solar Batteries are a long-term investment, despite their high cost. It has the potential to be a lucrative investment and a magnificent addition to any energy infrastructure. As noted in all of the above considerations, the batteries will save you money in the long run while also aiding to save the environment.

Mondiaux can assist you in obtaining this terrific new addition to your solar system. Our knowledgeable consultants can guide you in selecting the right battery for your solar system. Mondiaux also has the best batteries in town, including AC coupled, DC coupled, and hybrid batteries. Our company also helps its clients in taking benefits from the government solar incentive programs.  So, what are you waiting for? Make this long-term investment now and contribute to making the world a better place to live.

You can also check our other blogs related to solar batteries on our website.

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*Solar Hours data from BOM. Consumption percentage value from average house consumption behavior in Australia. Assumed electricity rate is 25c/kWh for purchasing and 8c/kWh for exporting

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