Home batteries can drastically reduce your energy bill, but the upfront cost is still high and having an energy-efficient home is vital say experts.
For Kiama businesswoman Carolyn Lee, purchasing an electric vehicle was the catalyst for her to increase the size of her solar system and install a solar battery.“Demand for home batteries has picked up enormously given the higher energy bills and the reduction in feed-in tariffs,” says Lee. Feed-in tariffs are the credit you receive on your energy bills from your energy provider.
“I like the idea of being as independent as I can be [of the national grid]. And I want to show my customers what is possible and the savings that can be achieved,” Lee says. “As a rule of them, it’s about $1500 per kw hour of storage, so you’re looking to spend $10,000 to $15,000 depending on the size of the battery,” says Rob McLeod, policy and advocacy manager at Renew, a not-for-profit organisation which provides advice to households on becoming more sustainable.Paying up to $15,000 will get you a good quality 10kWh battery, which combined with a 5kw solar system can store enough energy to power a standard house for hours.
Victoria’s scheme comprises 4,500 interest-free loans of up to $8,800 for home batteries while the SA scheme reduces the purchase cost by up to $3000.In the NT, homeowners can access a grant of $400 per kWh of useable battery capacity up to a maximum of $5,000. Importantly though, Leenaerts has also invested money transforming his three-bedroom home in Greensborough, Melbourne, into one that is highly energy efficient, rating 9.5 stars on the Federal Government’s Nationwide House Energy Rating Scheme.
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