BATTERIES SAVED 180,000 AUSSIES MONEY IN 2023 – HOW THIS RENEWABLE ENERGY SOURCE CAN JUMPSTART YOUR SAVINGS

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2023 saw the rising interest in renewable energy higher than ever, withWith the increasing interest in renewable energy, there has been a significant surge in Australian homeowners incorporating batteries into their energy systems. While the solar boom is well underway, this trend can be attributed to several factors, including the growing popularity of renewable energy sources, government incentives and policies, and the increasing desire for energy independence.

Battery intake has soared in the last year as figures jump from one battery installed for every 12 new solar installations to one for every seven, with around 180,000 Australian households now having a battery system.

Smart Energy’s Joel Power says, “Energy independence has emerged as a significant motivation for homeowners to invest in battery storage systems. While moving to renewables will help lower power bills, the benefits don’t stop there. By reducing dependence on the grid and relying more on their own stored energy, residential owners gain a sense of control over their power supply.”

BATTERIES ARE AN INVESTMENT 

So what are the benefits of buying a home battery system? Solar panels generate excess electricity during the middle of the day but fall short during evening hours.  With a battery system, residents can hold on to their generated power and use it when it is most suitable for them. By maximising the energy being generated, batteries are a great way to cut costs and improve solar system efficiency.

“By installing batteries alongside their solar panels, residential owners can store excess energy generated during the day and utilise it during peak demand periods or when sunlight is limited. This not only maximises self-consumption of renewable energy but also reduces reliance on the traditional power grid, in the wake of ever rising electricity costs,” added Power

INDEPENDENCE IS ESSENTIAL

Energy independence has emerged as a significant motivation for homeowners to invest in battery storage systems. By reducing dependence on the grid and relying more on their own stored energy, residential owners gain a sense of control over their power supply. This is particularly valuable during blackouts or grid outages, as batteries can provide backup power, ensuring essential appliances continue to function. Home solar batteries empower families to have greater control over their energy supply and their finances.

GOVERNMENT INCENTIVES 

Government incentives and policies have played a crucial role in encouraging homeowners to add batteries to their energy systems. Various federal and state government programs offer financial incentives, such as rebates and grants, to offset the cost of battery installations. Additionally, favourable feed-in tariff schemes, where homeowners can sell excess energy back to the grid at a premium rate, further incentivise battery integration.

As the renewables sector continues to grow, Australian homeowners are embracing battery storage systems as a means to harness renewable energy, take advantage of government incentives, achieve energy independence, and capitalise on advancements in battery technology. This trend is expected to continue as the benefits of battery integration become more widely recognised and the market continues to evolve.

https://smartenergy.co/au

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First published in 2003, Eco Voice is your go-to publication for sustainability news in Australia. Eco Voice prides itself as an independent news platform with a clear focus on sustainability, with articles coming from a diverse range of contributors – all levels of government, corporations, not-for-profits, community groups, small to medium sized businesses, universities, research organisations, together with input from international sources. Eco Voice values community, conservation and commerce. Eco Voice is a media partner of the prestigious Australian Banksia Sustainability Awards – The Peak Sustainability Awards.