Where it was traditionally people with oodles of cash sitting around who could afford to have their own miniature power station on the roof of their house, the technology has increasingly become more accessible to everyone. Today, residential solar installations are so prevalent they’re borderline invisible. I mean, when was the last time you seriously drove down your street marveling at the plethora of solar installations?
The rapid uptake of roof mounted solar systems can really be attributed to 3 factors; increased panel efficiency, reduced cost of manufacture, and government incentives – a perfect storm of conditions which kicked off the Australian solar boom, and is looking to do the same to the home battery industry in the state.
Yet, while the business case for home storage solutions slowly comes into focus, so too does the viability of large-scale storage solutions capable of handling much greater loads.
Similar to the almost meteoric decline in solar panel pricing which has seen Yates Electrical Services go from paying $2.30 per watt installed in 2011 to the now 31 cents per watt, the expectation for the future of batteries holds an increase in efficiency and much lower price point than it does today. Yet, even with the technology still very much in its fledgling stages as we edge closer to a parity price-point in the battery market, the business case for storage solutions is increasingly making sense.
Using this Tesla Powerpack as a case study for installations, Yates Electrical Services plan to begin rolling out large-scale battery solutions to our existing Redmud Green Energy solar sites in the near future.
Now might be a good time to start looking into buying shares in lithium producers.
About the Author
Patrick is the Marketing and Communications Manager at Yates Electrical Services. When he's not designing stuff and writing stories, he performs as an acoustic soloist and spends time with his beautiful little family.
Patrick also likes long walks on the beach, sewing, and photoshopping himself to look like an Avenger. He really wishes he was an Avenger.