'It's a scam': As solar feed-in tariffs plunge, battery demand surges
www.abc.net.au
Once as high as 60 cents per kilowatt hour, solar feed-in tariffs are now as low as just a few cents for some. While 4 million households have rooftop solar, home battery storage systems sit at around 320,000 — but take-up has surged as the economics improve.

In short:

Around 75,000 battery storage systems were installed last year, up 47 per cent from 2023.

Current modelling estimates the payback time on a battery system at around eight years for a typical household.

What’s next?

A wide range of experts, including a former RBA deputy governor, are calling for the federal government to introduce household battery subsidies to encourage uptake.

  • CHOPSTEEQ@lemmy.ml
    2·
    14 hours ago

    Over here in Florida, I shock people when I show them my actual bill from the power company is exactly the minimum service fee every month. I don’t “get” paid for my excess but I don’t have to pay over night so I’m sure as hell happy for that arrangement.

    I’ve also blown some people’s minds by framing it as equity building too. You pay a mortgage and own your house eventually. Why not roll solar into that and get equity into your energy as well instead of renting it from the power company?