We’re all looking for ways to save on money and stress when it comes to the daily running of our home.
We’re all looking for ways to save on money and stress when it comes to the daily running of our home. Electricity is often one of the biggest utility bills you’ll find in your mail or inbox, and with items like ovens, washing machines, A/C, heaters and even your kettle using power, it’s easy to see that you’ll find yourself with a skyrocketing electric bill.
Residential battery storage is one of the key new features you can add to your home, saving money and reaping in a heap of other benefits at the same time.
if you have existing Solar panels, no worries, these can help you increase even more savings.
Really what we all want is stable, reliable power, no flickers, no brown outs or black outs and at a low cost.
1. Maximise consumption of your own power
Residential battery storage means that you can control and store all of your power locally. You can charge the batteries from low cost Off Peak Electricity, and use the power during the day when you need it.
In a traditional solar power setup, you’d normally have the solar panels on your roof and your home backed up to the grid. This means that if you’re not producing enough energy from your own solar panels, you’ll still have power fed to your home from the grid. On the other hand, if you make more power than you consume, you’ll generally be able to sell the excess back to the grid, meaning your electricity bills will sometimes be credited or discounted. However these fees in selling back to the grid have changed quite substantially over the years and can change at any time. Depending on your location, you may find the sell-back rate varies from another area, which doesn’t seem fair at all. It’s the same sun after all, isn’t it?
2. Live in an area with frequent power outages
This is especially useful if you live in an area where your local grid power can sometimes be unstable, or prone to natural disasters such as storms/ fire damage. There is nothing worse than if your area has encountered natural conditions that have left the power down for a few hours or days. Food will go off if you don’t have sufficient cooling coming from your fridge, ability to charge communication devices or other essential medical equipment and of course you’re left with a very inconvenient wait while your power supply is back up and running.
If you have solar panels you may be able to survive until your power runs out and the grid takes over. However if the grid is down then you’re left with no power once again. Having the battery back up means that in a time when all power isn’t working or available, as long as there is power left in your batteries you can continue using your home’s electricity.
3. Get power even with no grid connection
Go totally green….There are some areas in rural Australia where there may not be access to a grid connection. Sometimes the cost to run heavy mains power to your property is just too much cost infrastructure. So, you may have solar panels, wind turbines or even diesel generators to produce the electric power. These options can be used to produce the power, but the batteries let you store it for when you need it.
4. Save on your electricity costs
It goes without saying we want to save money. So if you can charge up your batteries on cheap off peak Electricity (via smart meters), and run your household items during the day for the overnight price – you are on a winner.. In fact the Shoulder and peak costs make up more than two thirds of the average electricity bill. So even allowing for the cost to install the batteries, they could be paid off in no time at all (depending upon your usage) and you’re going to save quite a bit of money on your electricity costs. Once paid off you could be saving hundreds if not thousands of dollars a year on your electricity bills.
5. Affordable to install
The cost of the battery technology is coming down, and at powervault, we have designed a product that is simple, quick and easy for an electrician to install (in most circumstances), and with numerous government rebates available or very lost cost finance, adding battery system that can be paid of in a few years (capacity and usage dependent) makes smart economic sense. Spend the extra savings and enjoy it with the family instead.
Learn more about how a Powervault Battery Storage System here.