The concept of home energy storage is quite simple - Capture and store the excess energy from your solar panels during the day to power your home at night.
Until recently the application of this concept has been difficult and cost prohibitive, however energy storage for homes is now entering a new and exciting era!
With the automotive industry pushing innovation with lithium ion battery technology, it was always inevitable that the residential energy storage market was going to benefit as a result. We now have access to high capacity/small footprint lithium ion batteries and due to the economy of scale at an affordable price point.
With energy buy back rates not what they used to be, coupled with the costs of purchasing energy at an all-time high, it makes a lot of sense to store the energy that you are producing so you can use it in the evenings.
VIRTUAL POWER PLANTS
A virtual power plant (VPP) is a network of home solar and battery systems working together to feed stored energy into the grid when required. In essence a VPP introduces capacity to the grid without needing to build a new power station. By joining a VPP an owner of an energy storage system can be offered various incentives to participate. Examples of these incentives can range from receiving and upfront saving off the purchase of a battery, daily monetary payments, monetary payments when providing grid services, access to low rate energy plans to name just a few.
The South Australian Government has introduced the SA Home battery Subsidy which provides a subsidy of up to $3,000 towards the purchase of an energy storage system. The scheme also includes a low interest rate loan to finance the rest of the purchase cost CLICK TO FIND OUT MORE
Generate Energy is a proud to be a qualified system provider for the South Australian Home Battery Scheme
OUR ENERGY STORAGE PRODUCTS
For more information regarding the right energy storage solution for your home, please do not hesitate to contact us
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