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

submitted 12 hours 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 8 hours ago* (last edited 8 hours ago)

Over here in Florida, I shock people when I show them my actual bill from the power company is exactly the minimum service fee every month. I don’t “get” paid for my excess but I don’t have to pay over night so I’m sure as hell happy for that arrangement.

I’ve also blown some people’s minds by framing it as equity building too. You pay a mortgage and own your house eventually. Why not roll solar into that and get equity into your energy as well instead of renting it from the power company?