Many people who have invested in solar panels are left feeling disillusioned. They feel that their electricity retailer pays very little for the excess solar power they generate. Until now, there has been little homeowners could do.
Today millions of dollars are being spent on battery research and development. There is a need for a battery that can store the excess power that is generated by a household solar system so it can be used at another time. Here at SolarKraft we think that in most cases we’re about 2-3 years away from this becoming a reality for the average homeowner.
Remember when mobile phones were the size of a brick and HD TVs were thousands of dollars more than what they sell for today? It is the same thing. As time goes on the performance improves and the costs reduce. Current predictions are that the “EV lithium-ion battery packs will have fallen 77% between 2010 and 2018”**
Solar homeowners who want some of the advantages of a battery now, and don’t like waiting for the battery costs to come down – look no further, you can now get some of the advantages without the outlay. Introducing Diamond Energy’s “Virtual Battery” – WattBank.
SolarKraft is working with Diamond Energy. They have produced a ‘virtual battery.’ How exciting is that! The virtual battery allows customers to receive a higher feed-in credit for their exported solar energy up to a chosen WattBank Capacity in each week/month. The excess energy fed back to the grid will help to offset your supply charge and night time usage. Homeowners will have their electricity account credited 20cents for each kWh up to the chosen WattBank Capacity (for a 5.2KW system you will get a WattBank with 152KWH storage a month! This is by far the best offer. Some companies only offer 15kwh a week!). This credit will accumulate on their electricity account and will be able to offset other charges incurred.
*Terms and conditions apply
** Bloomberg New Energy Finance Summit April 2016 Michael Liebreich