Solar Battery Cost
From a financial perspective, solar batteries make much more sense than they did previously, as they’re far cheaper than they were before, c/o the Federal Cheaper Home Batteries Program (CHBP) and the NSW VPP rebate , which together bring down the cost of battery storage systems by around 35%. The business case for batteries storage now really stacks up.
| Battery type | System | Cost |
|---|---|---|
| 9.6kWh battery | Sungrow 5kW inverter / Sungrow 9.6kWh battery | From $9,390 Every additional 3.2kWh battery: from $485 – $1000* |
| 10kWh battery | SolarEdge 10kWh Home Battery | $9,950 Add a supplementary 10kWh battery: from $6,115 |
| 14kWh battery | Tesla Powerwall 3 14kWh | From $13,190 Add a supplementary 14kWh battery: from $8,660 |
| 16kWh battery | SigEnergy 10kW inverter / SigEnergy 16Wh battery | From $12,850 Every additional 8kWh battery: $3500 – $4,330* |
| 16.6kWh battery | Goodwe 10kW inverter/Goodwe 16.6kWh battery | From $9,490 Every additional 8.3kWh battery: $2600 – $2840* |
| 20kWh battery | Sungrow 3 phase hybrid inverter / Sungrow 20Wh battery | From $18,490 Add a supplementary 5kWh battery: $2,600 |
| 24kWh battery | SigEnergy 10kW inverter / SigEnergy 24Wh battery | From $16,350 Every additional 8kWh battery: $4,330* |
The above pricing includes supply and installation. Assumes supplementary batteries will be installed at the same time as the initial battery storage system and not retrofitted at a later date.
* Cost of additional battery modules depends on rebate threshold (you’ll receive 100% of the rebate value for batteries up to 14kWh, then the value drops to 60% for 15-28kWh of storage capacity, and it drops to 15% of the rebate value for 29-50kWh of storage capacity).
Note: to meet Australian Standards, there are only certain locations on your property where a battery can be positioned. We typically organise a pre-installation site visit to determine best battery location.
To help with the cashflow, you might also consider taking advantage of a low-interest Green Loan , which makes it affordable to install home batteries, as you don’t need to put your hand in your pocket to pay for your system. Under this arrangement, the reduction in your bill by having solar & batteries installed and you using your free power day & night, can outweigh the bulk of your loan repayments. We work hand-in-hand with a local lending broker to ensure you can get access to the best finance solution for your battery storage system. As more banks and lenders now offer ultra-low rate finance for upgrades like solar and batteries, our broker finds you the lowest rate available, without impacting your credit score. Get in touch if you’d like to learn more.
Solar battery storage savings
You can reduce your reliance on the grid by as much as 100% with a solar and battery system. To provide you with an accurate solution, we highly recommend a Free Home Assessment.
Solar battery alternatives
Larger solar battery storage systems can be pricey, so it’s good to know there are more affordable alternatives to batteries that can help you achieve a similar financial result, such as:
- Solar energy diverters – allow you to divert any surplus solar energy to pre-heat your electric hot water system before exporting the remaining excess to the grid. Meaning your hot water system doesn’t need to run for as long overnight as the water has already been pre-heated by electricity generated from your solar panels. It effectively turns your electric hot water system into a solar hot water system.
- Smart relays – these can be connected to many electrical appliances. When there’s surplus solar energy, these clever units can switch on equipment like air-conditioning, pool pumps and heat pumps. Should a cloud block the sun and your solar production suddenly decreases, the smart relay will stop sending surplus solar energy to the appliance until the sun reappears.
A decent size solar battery (10kWh-16kWh) typically costs between $10,500 and $18,000, while these types of units cost around $1,300 – $1,400 supplied and installed.
We make installing batteries easy