As household energy bills continue to rise and grants for renewable technology become available, more homeowners worldwide are opting to power their homes with solar energy. However, you may be wondering if investing in home energy storage solutions is worthwhile and what factors to consider when choosing one.
Hello Lower Bills, Goodbye Blackouts and High Carbon Emissions
In general, it is advantageous to install a solar system with home energy storage solutions in the long run. Homeowners can benefit financially and contribute to the low-carbon future we are striving for.
GivEnergy AC3 battery inverter on the right, with 9.5kWh battery on the left (Image: Tanjent)
The most obvious advantage is a reduction in your power bills. Fluctuations in the global energy market, particularly the increasing prices of fossil fuels, are putting a strain on household energy expenses. According to European Commission stats, the electricity price including taxes further increased in the first half of 2023 reaching the highest recorded price of €0.2890 per KWh for the household consumers in Europe. Using solar storage system can rely less on the public grid and lower the electricity expenses. Many governments and institutions are proposing policies or initiatives to encourage green energy use.
Another benefit is the independence from the utility grid. Imagine experiencing a blackout during an extremely hot summer when you rely on electricity for digital devices and the internet. Without power, you would face the inconvenience of not having a functioning refrigerator or air conditioner.
Read more: pv-magazine
