June 2023

Unveiling the Cost-Effectiveness of Solar Lithium Batteries

Written by Kerry Mullany

So, Are Solar Batteries Worth It?

There’s a lot of hype around solar batteries right now, and for good reason.

Energy prices are rocketing
Feed In Tariffs are plummeting
The push for a more sustainable future is everywhere

With these points in mind, there has never been a smarter time to add a battery to a solar system.

Perhaps you've done some research, read about the benefits (if not read this), and even considered installing one at your home.

Though some myths around the price and technology may have left you sitting on the fence.

Let Us Help You - we unpick some of the hindering thoughts around solar batteries stopping you from maximising on your current system and saving money!

If you are still on the fence, you may be thinking...

… batteries sound pricey

Batteries may seem like an expensive product, but they can give you up to 25 years of savings. Plus with payment plans and rebates, batteries are more affordable now than ever.

Heres some perspective:

If you are spending $300/quarter on your current bill, in 25 years you would have spent $133,010 on grid energy.

Power that isn't yours and charged at a premium... and that's not taking into account energy price rises!

Guess what? a battery costs much less!

In fact, use our Savings Calculator below to see how much you could save in just 10 years with renewable energy upgrades based on your current bill.

… is battery technology advancing?

Battery technology is not a new concept. It’s been around for years, so we’re past the point of innovation. Any advancement from this point will be minor changes.

Smart is partnered with leaders in battery technology; Tesla Powerwall, Q.Home, Samsung Sungrow and Alpha ESS; to give you quality and assurance.

When it comes to performance and endurance, the batteries we offer are at their peak, and are built to accommodate future technological advances. For example, regular software updates keep your battery running smoothly, with the ability to download new features and programs that ensure optimal longevity.

Maybe you should be asking, what’s more cost-effective….

A] Waiting for a battery to minimally “upgrade”, and paying more down the line when demand has further increased?

B] Getting an incredibly advanced lithium battery installed TODAY, so that you can start saving money on your power bills sooner rather than later?

(Hint: the answers B)

… I’ll wait until prices reduce

We’ve all succumbed to wishful thinking that battery prices could decrease, but unfortunately the trajectory is quite the opposite.

The cost of a Tesla Powerwall has increased by over $3000 in the last 2 years alone.

As the world moves away from coal and oil, the demand for lithium battery technology is increasing rapidly. As a natural resource, increased demand for lithium will come with an increase in price.

Home solar batteries use the same tech as electric cars pushing demand even higher as many countries introduce electrifying incentives and bans on petrol car manufacturing.