The Financial & Eco Benefits of Domestic Battery Storage Systems
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While there are more than 1.3 million households in the United Kingdom that currently enjoy the benefits of a solar panel system, far fewer also have an integrated domestic battery storage system. That said, more and more homeowners are choosing solar batteries for home use every year due to advantages they offer.
There are a couple of main reasons why someone might consider a home battery storage setup like the PowerOcean home battery system - 1) saving money and 2) lowering their carbon footprint. In this blog, we look at these benefits in closer detail to highlight the factors behind their rising popularity. However, let's first cast an eye over the technology and what it does.
What type of house is it?
Understanding Domestic Battery Storage Systems
A regular home solar system typically involves a solar panel array on your home's roof, which harvests DC electricity from the sun, which is then converted by an inverter into usable AC energy. However, with this kind of basic battery-less system, you only see the benefits when the sun's out, meaning you're still reliant on the grid at night.
However, when adding battery storage for home solar panel systems, you get to store surplus energy for later use when the sun isn’t providing abundant rays. That means when your panels aren't producing electricity (at night or during cloudy weather), you can still power your appliances and lighting.
Stay On During Grid Blackouts
What it also means is that if the grid were to go down during sunless periods, you wouldn't experience a blackout like everyone else. What's more, solar batteries for home also make it easy to manage your property’s energy through smart screen interfaces like EcoFlow’s PowerInsight.
This functionality and resilience are clearly appealing, but they're far from all that's on offer with battery storage for home solar systems. Come with us now as we examine the many financial and environmental reasons to invest in this kind of hardware.
The Financial Benefits of Domestic Battery Storage Systems
Everyone's disposable income is under attack these days, with the cost of everything rising, from grocery shopping to filling your tank with petrol. The good news is that domestic battery storage systems can offer an antidote to the problem by offering a myriad of financial benefits that start working from day one.
Lower Energy Bills
Between 2021 and 2023, UK energy bills have gone up, on average, by 72%. Homeowners who are solely reliant on grid power are completely at the mercy of these price hikes, but not so for anyone with a domestic battery storage system installed. To begin with, you can run all of your appliances and lighting on solar power when the sun's out and store the surplus for later.
Naturally, this is going to bring your energy bills down in a big way - particularly as you can also sell energy you don't need back to the grid via the Smart Export Guarantee (SEG). Either way, you're quids in and get to enjoy a completely different experience than grid customers. Sure, there's an upfront cost, but it can be quickly made back.
Load Shifting & Peak Shaving
If you look at one of your recent electricity bills, you'll notice that the rate you pay for energy can vary depending on the time of day. From 6 a.m. to 9 a.m. and 4 p.m. to 7 p.m. it’s peak time and homeowners will typically pay a higher rate, but anyone with a domestic battery storage setup can reduce their energy costs through what's known as load shifting and peak shaving.
This approach involves only using grid power when it's at its cheapest. Of course, people without a home battery power storage system can also use this strategy, but it means only using appliances between 7 pm and 6 am, which can be rather inconvenient for busy people.
Solar batteries for home, on the other hand, let you charge up when prices are low and stay away from grid power when they're higher. All this combines to leave you smiling when you see just how low the number is on your bill each month.
A Boost in Your Property’s Value
Another big way in which you could benefit financially from having home battery storage installed is the ability to ask more for your home when you sell it. Homes that have this kind of energy efficiency built into them can command higher prices, as they're sought-after by cost-conscious and eco-conscious buyers.
According to the National Home Energy Survey 2023, 69% of Brits would prefer to rent or buy a home that had a home solar setup, as the benefits to your bank balance are obvious.
Throw in the fact that there are various government rebates, tax credits and financial incentives available to help you meet the cost of installation and you see that investing in hardware like this represents a savvy financial move.
The Environmental Benefits of Domestic Battery Storage Systems
With climate change a distinct reality that needs to be faced, domestic battery storage offers a sustainable option that shouldn't be missed by anyone with an eco-conscience. Renewable energy drawn from the sun is obviously better for the environment than any power that's derived from the burning of fossil fuels or by nuclear means.
Traditional power plants typically consume natural gas and coal to meet the electricity needs of the general populace, which emits massive amounts of carbon dioxide (CO2) into the atmosphere. This not only degrades our air quality but also contributes to rising temperatures and more erratic weather patterns across the globe.
Reducing Demand On Traditional Power Sources
Not only does having a domestic battery storage system in your home improve your individual carbon footprint, but it’s also a choice that can have much wider, positive implications. The more homes that are able to sell energy back to the grid, the fewer natural resources need to be consumed to meet the public's needs.
What's more, the energy management systems we mentioned earlier also ensure that much less energy is wasted through inefficiencies. It all feeds into a greener way of living our daily lives that helps to protect the planet for future generations.
Want to Enjoy True Energy Independence? Then Consider an EcoFlow Domestic Battery Storage System
The advantages on offer with a home battery power storage system in terms of finances and environmental friendless are clear and easy to see. Of course, there's the cost of installation to consider, but the long-term benefits are substantial and can give you true energy independence and the peace of mind that you're actively working against climate change every day.
To find out more about adding these benefits to your home so you can enjoy a brighter energy future where you’re in control, all you need to do is visit us online today at https://homebattery.ecoflow.com/uk. There, you'll find our full range of high-quality, industry-leading products that are already changing people's lives for the better.
If you like what you see and you'd like to get a free, no-obligation quote from our expert team, it's as easy as clicking on 'Order Now', after which we'll get back to you without delay and tell you what you need to know.