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Household battery storage surges as plunging solar tariffs improve the economics (www.abc.net.au)

submitted 1 day ago by [email protected] to c/[email protected]

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In short:

Around 75,000 battery storage systems were installed last year, up 47 per cent from 2023.

Current modelling estimates the payback time on a battery system at around eight years for a typical household.

What's next?

A wide range of experts, including a former RBA deputy governor, are calling for the federal government to introduce household battery subsidies to encourage uptake.

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[–] [email protected] 2 points 1 day ago

As the price to remain connected increases and more and more people have batteries, more people will choose to go off grid. It makes the economics even better, so long as you have enough storage.