#SolarPanels #BatteryStorage #EverythingHome
With electricity and energy price rises are solar panels and or battery storage now worth it in 2022?
I've concluded that neither solar panels or battery storage on their own are completely fool proof options but a combination of the two looks like a sensible option for me at least. But, what about YOU?
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The spreadsheet gives you a good idea of whether solar panels and or a battery would work for you financially. However, there are some limitations and varying assumptions which are difficult to factor in, for example:
- increasing your assumed solar consumption reduces your peak rate but will increase your off peak rate if you have a battery owing to less unused solar being stored. As mentioned in the video default this to 45%.
- it assumes that the battery is charged off peak to full minus the excess solar generation.
- increasing total battery storage capacity will increase the off peak amount the batteries are topped up each night minus the excess solar generation. If you are only have a low peak consumption larger battery storage numbers may not have the desired effect on reducing payback and increasing ROI/savings and is something to keep in mind when using the spreadsheet.
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Useful resources from the video (in order of appearance):
Ofgem SEG
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Rensmart kWh to CO2
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Rules on 5 or 20% VAT
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