Solar batteries are a relatively new technology that can bring a wide range of perks to solar panel owners. But is installing a solar battery worth it for you? Before you can determine whether including a battery in your solar installation would make sense, you should first learn all about solar battery costs in Mira Mesa.
In this article, we share useful information on solar battery costs and try to predict how battery prices are likely to develop in the near future. Keep on reading to learn if installing a solar battery is the right choice for you in terms of finances.
How much does it cost to install solar batteries?
Pricing is a crucial factor in determining if adding solar battery storage would be a good choice. There are two main ways you could think of solar battery costs:
- Gross price: Modern solar batteries can cost anywhere from $5,000 to $7,000+.
- Price per relative battery capacity: solar home batteries range from $400 to $750 per kilowatt-hour.
However, it is important to note here that the listed prices are for the solar battery only, not for the installation or extra equipment that may be needed. In general, the total cost of solar battery installation tends to fall in the $11,000 to $18,000+ range or $800 to $1,300 per kWh.
Factors that influence solar battery costs
Some of the factors that may determine the exact cost of a solar battery include the material it’s made from and the amount of power the battery is able to give you. For instance, lithium-ion batteries tend to be more expensive than their lead-acid counterparts, as they generally deliver superior performance. Also, quality off-grid batteries are often more expensive than those designed for on-grid applications.
Another factor that may play a role is the presence of an inverter. Unless your solar battery comes with a specialized built-in inverter, one will have to be installed in order to manage the electricity flow from and to the battery. However, it is important to note that you won’t have to install an additional inverter if you already have one in your solar panel system.
Are solar batteries coming down in price?
Considering the fact that solar batteries are a newly developed technology, just like solar panels used to be decades back, it is safe to assume that solar battery costs are likely to drop in the years to come, too. In fact, the market for solar batteries has been booming in recent years, particularly because of the ever-increasing electricity prices and decreasing battery costs. Not only that but the high battery demand also means more competition, which is bound to drive down the costs significantly for everyone.
However, all of this does not mean that you should wait too long to get your solar battery storage – with the exorbitant peak TOU rates implemented in California, getting solar storage is definitely a sound financial decision in 2020.
Get the most from your panels with the best solar installation experts in Mira Mesa
Ready to invest in solar battery storage and avoid the exorbitant peak rates? Action Solar of San Diego is your go-to choice, both for solar panel and battery installations. Whether you’re located near Maddox Park or anywhere else in the area, our certified solar installers can properly size your solar battery storage and install your system according to the latest industry standards.
Wondering if car batteries can be used for solar? Want to know if a lithium-ion solar battery can go bad? We’re here for all your solar-related questions, so don’t hesitate to browse our articles or give us a call. Get in touch with Action Solar today.