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22 Dec 2024 10:12
Written by: Eleanor Hartman
Solar Battery Storage in Llanfihangel-uwch-Gwili
Get in touchWith the cost of solar batteries dropping and the government offering incentives, now is a great time to invest in solar battery storage for your home or business. But what does it cost? And is it worth it?
We take a look at the solar battery storage market in Llanfihangel-uwch-Gwili to find out the costs and what you could save.
Solar Battery Storage Costs in Llanfihangel-uwch-Gwili - A Breakdown
The cost of solar battery storage has come down significantly in recent years, making it a more viable option for homeowners and businesses who want to save money on their energy bills. But how much does it really cost? Let's break it down.
The average solar battery storage system in the UK costs around £4,000-5,000 including installation.
However, there are a number of government incentives and grants available that can make the upfront cost more affordable. For example, the Renewable Heat Incentive (RHI) pays you for every unit of heat you generate with your solar battery system, while the Feed-in Tariff (FIT) pays you for every unit of electricity you generate. These incentives can cover up to 35% of the upfront cost of installing a solar battery system
Backup Power
One of the main benefits of solar battery storage is that it provides backup power in case of blackouts or brownouts. This is especially important for businesses who rely on electricity to keep their operations running smoothly.
Solar battery systems can provide backup power for several hours or even days, depending on the size of the system. This backup power can be used to keep critical equipment running during an outage or to provide power for essential services like lighting and refrigeration
Reduced Energy Bills
Solar battery systems can also help reduce your energy bills by storing excess electricity generated during peak sun hours and releasing it back into the grid during times of high demand when energy prices are higher.
This stored electricity can also be used to run your home or business during power outages, further reducing your energy costs. In fact, according to one study, businesses with solar battery systems could see their energy bills reduced by up to 50%
Increased Property Value
Installing a solar battery system can also increase the value of your property. A study by Zopa found that properties with solar batteries could sell for up to £16,750 more than properties without them.
So not only will you save money on your energy bills, but you could also make money when you sell your property!
Solar Battery Storage Costs in - Is It Worth It?
The conclusion is that yes, investing in a solar battery storage system is definitely worth it! The upfront cost may seem high, but when you factor in all of the potential savings - from reduced energy bills to increased property value - it's an investment that will surely pay off in the long run.
So what are you waiting for? Get started on making your home or business more sustainable today!
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