There are a variety of reasons that people choose to make use of battery storage. In the domestic market the most common ones are to reduce the price they are paying for ever increasing electricity costs by shifting power from their solar panels collected during the day to when it is needed at night.
There are many other people for whom the desire to be energy independent is the driving force, even if they still stay connected to the grid. This may be because of dissatisfaction with treatment from power companies or due to an unreliable supply.
Many people have put solar panels on their roof but are not home during the day so any solar energy they produce is fed back into the grid at anything from 5 cents to maybe 20 cents. However energy purchased to be used is always more than this which makes people want to make better use of their own solar panel electricity generation and utilise more of their own solar generation
This take-up of energy storage will only increase as its usage increases, similar to the take-up of solar panels.
When considering adding on battery energy storage to a new or existing system many people are considering if maybe they should wait until the expected drop in battery prices occurs.
However, if you do your figures you will realize that the money you lose by not taking action now may be more than the amount saved by the expected fall in battery prices.
This doesn’t even take into account the damage done to the environment with the continued use of fossil fuels. You must also include in the price, the costs to the environment of waiting and continuing to harm the world we all live in by the continued use of fossil fuels for energy generation.
This is particularly true in Australia where we have one of the highest rates of fossil fuel usage per capita in the world, due to the vested interests in the dirty coal production industry.
If you would like to take steps to be more renewable and would like to know more about getting safe, reliable, recyclable, SoNick (molten salt) battery storage for your own home, business or micro-grid application visit us at http://quantum.GridEdge.com.au