What is the payback time for the cost of installing an energy storage system?
This largely depends on the specific application. Factors that may have a strong influence are:
Are there solar panels installed? What is the current electricity bill? Is it possible to make a profit by taking advantage of the peak-valley electricity price difference? Can I enjoy government subsidies for installing energy storage systems? Does the location incur a fee? How long is the service life of the energy storage system?
Not only do we carry out extensive simulations using specialized software, but we also regularly study the results actually obtained by energy storage systems in practice. We typically see payback periods of 7 to 9 years. However, energy storage systems offer many more individual benefits, so looking at payback time alone is not enough. With a home battery, you'll be less exposed to future electricity price increases. Not insignificant when you consider that electricity prices have risen by an average of 6% per year over the past decade! You are doing your part to reduce CO2 emissions and global warming. You become part of the solution.
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