The people of Off-Grid Energy
December 13, 2023
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Australia’s Off-Grid
Battery Storage Experts
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1300 334 839
I’m sure it’s not news to anyone that solar prices have fallen dramatically in the last 5 years. In fact, the cost of solar reduced by about 80% in that time.
Now the big question on everyone’s mind is; will battery prices do the same?
Well, the answer coming from the industry is a resounding ‘yes’. With the development of Tesla’s new Gigafactory, EV developments worldwide, and the increased demand from consumers for battery storage it will only be a matter of time before battery prices reduce. This makes battery storage a much more attractive option for those people connected to the mains grid.
Investment bank Citigroup have predicted that the expansion of the battery storage market will be far greater than that of the recent solar boom. It is predicting that storage system prices could fall to around $230/kWh by 2020, and eventually be as low as $150/kWh.
So for all those who are on the grid and keen to disconnect… Watch this space.
Under the Home Battery Scheme (HBS), the SA Gov will provide 40,000 South Australian homes with subsidies up to $6,000 each for installing battery storage on their homes.
It goes without saying that the renewable energy industry has a lot to gain from employing more women in more varied roles. Yet it is also women who have the most to gain from the development of this industry.
Before explaining the differences, it’s useful to understand that all lithium batteries need a battery management system (BMS) of some kind.
Whether you’re connected to the grid or want to go completely off-grid, it’s important to understand which battery type fits your needs, lifestyle, and budget.
Off-Grid Energy Australia · Securing your power and your future
Tel: 1300 334 839
Fax: 08 8312 5507
Email:
info@offgridenergy.com.au
Electrical Contractor Licenses: VIC REC-31913, TAS 15608294, WA EC15901, SA PGE278927, NSW 279181C