Auto news on Youtube Oct 3 2018

(Bess Quansah) Battery costs are steadily falling.

So, when is the right time to invest in battery storage?

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Well, if you're off the Grid,

or you'd like to be no matter the cost,

solar with batteries and a backup generator

already makes sense for you now.

Go for it.

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If you need backup power in case of Grid failures,

again battery storage in a properly integrated system,

does make sense now.

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And if you're willing to pay a premium

to maximise use of the solar you generate;

battery storage will help you do this now.

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If you're trying to profit from battery storage,

things can get more complicated.

If your power needs are growing

it might be cheaper for you to install battery storage

than to upgrade your Grid capacity depending on your circumstances.

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And if you want to reduce your power bills by reducing your peak usage

battery storage might make sense today.

It's worth investigating both of these options with a professional

but if you're hoping to save money by storing cheap power for later use

you'll be disappointed.

At current prices, you're likely to wait over ten years

to see a profit from this approach.

Things are changing fast though,

so we recommend calculating at what price

batteries will become profitable for you,

then waiting until they cross that threshold.

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Our free Investment Decision Tool can help you work out the numbers.

Find it and other great resources at our website today.

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