Solar panels have become increasingly popular as a sustainable and cost-effective way to generate electricity for homes. However, one of the challenges of solar energy is that it is intermittent, depending on factors such as weather conditions and the time of day. This is where battery storage systems come in. By combining solar panels with battery storage, homeowners can maximise the use of renewable energy and enjoy a range of benefits.
Maximising Energy Savings
One of the key advantages of using a battery storage system in conjunction with solar panels is the ability to maximise energy savings. Solar panels generate electricity during the day when the sun is shining, but this energy may not be used immediately. With a battery storage system, any excess energy generated by the solar panels is stored in the batteries instead of being sent back to the grid. The battery system then distributes the stored energy when there is a demand in the house that exceeds what the solar panels can provide, or when there is no solar generation. This ensures that the energy generated by the solar panels is used efficiently, reducing reliance on the grid and maximising the amount of renewable energy used at home.
VAT Savings
Installing a battery storage system at the same time as solar panels can also lead to VAT savings. In the UK, a combined solar and battery storage system is considered a “home energy system” and qualifies for a reduced VAT rate of 0%. This means that homeowners can take advantage of the lower VAT rate when installing both solar panels and battery storage together. However, if the battery storage system is installed separately at a later date, it may be subject to the full standard VAT rate of 20%. Therefore, it is more cost-effective to install both solar panels and battery storage together to benefit from the VAT savings.
Increased Energy Independence
Having a battery storage system provides homeowners with increased energy independence. By storing excess energy generated by solar panels, homeowners can reduce their reliance on the grid. This means that even during times when there is no solar generation, homeowners can still access stored energy from the batteries, ensuring a continuous supply of electricity. This increased energy independence not only provides peace of mind but also contributes to a more sustainable and self-sufficient lifestyle.
Lower Carbon Footprint
Using more of the energy generated by solar panels and relying less on the grid can significantly reduce the carbon footprint of a household. By maximising the use of renewable energy, homeowners can decrease their reliance on fossil fuel-based electricity, which is a major contributor to greenhouse gas emissions. By investing in battery storage systems, homeowners can actively contribute to a cleaner and greener future, mitigating the effects of climate change and promoting sustainable living.
Future-Proofing Your Home
Installing a battery storage system alongside solar panels can future-proof your home against rising energy costs and changes in energy policy. As the cost of grid-supplied electricity continues to rise, having a battery storage system allows homeowners to rely less on the grid and protect themselves from increasing energy prices. Additionally, changes in energy policy, such as the introduction of feed-in tariffs or time-of-use pricing, can be accommodated with a battery storage system. This flexibility ensures that homeowners are well-prepared for any future changes in the energy landscape, allowing them to continue enjoying the benefits of solar energy.
Increased Property Value with Battery Storage System
A home equipped with both solar panels and a battery storage system is generally more attractive to potential buyers. The combination of these two technologies provides a comprehensive and sustainable energy solution, making the property more desirable. Homebuyers today are increasingly interested in eco-friendly features and the ability to reduce their carbon footprint. Therefore, installing a battery storage system could potentially increase the value of your property and make it stand out in the real estate market.
