By installing a storage battery together with a solar power generation system, you can store the power produced at home. It is attractive that it can be used as an emergency power source for home use even when the supply from the electric power company becomes difficult due to a power outage or disaster. Let's take a look at the current situation where solar panels and storage batteries are getting more and more attention with the support of the times.
The market for household storage batteries will continue to grow in the future
Recently, an increasing number of households are introducing solar panels and storage batteries as a set. In fact, it seems that there is a forecast that the market size of household storage batteries will increase by about 1.5 times in 2023 compared to 2018. In some cases, it is additionally installed in homes that originally have solar panels installed.
The development and evolution of technology is also having a major impact on household storage batteries. Depending on the manufacturer, it seems that the latest model is equipped with AI function. From here, let's take a look at the appeal of state-of-the-art household batteries.
In order to efficiently consume the electricity generated at home and reduce the amount of electricity purchased, it is recommended to install a solar panel and a storage battery as a set. You can feel secure because you can respond to various situations such as changes in the selling price, power outages, and disasters. From here, let's check the points that can be obtained by introducing it as a set.
Lithium batteries
They are the batteries with the longest durability on the market, very low self-discharge, excellent response to deep discharges and no memory effect, so they can be discharged to 100%, manufactured with very light components that have made it possible to form small accumulators, in various forms, light and with much higher performance than conventional batteries. With energy densities up to 3 times higher than conventional batteries and withstand higher charge and discharge current rates.
Another advantage of lithium battery for home is the system battery management and service with uninterrupted source of autonomous power supply, even in case of power failure.
However, due to the spread of electric vehicles and the expansion of global demand, there is a shortage of raw materials. In addition, the price of storage batteries is currently flat or is on a gradual upward trend due to the appearance of products with enhanced functions one after another.
What is the price of a solar battery?
As we have seen throughout this article, there are multiple factors that make it impossible to give an exact price valid for all self-consumption facilities, since it will depend on the storage capacity we need, the technology we use, the depth of discharge, and other technical characteristics.
The best thing when choosing one or the other battery is to have the advice of an expert professional who can assess your particular consumption habits and choose the lithium battery for home that best suits you. As for the big solar power system like around 5kWh Lithium Battery comes around 150000 Indian Rupees while 1000 Wh Lithium Battery comes around 30000 INR.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
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