Australia is quickly becoming one of the leading markets for residential energy storage.
There are a few key reasons for why this enthusiastic uptake of home batteries is happening:
- Australians already love solar power. Government incentives over the last 10 years have helped enable the installations of more than one million residential solar roofs. So, solar PV technology is in just about every neighborhood.
- Australians use a lot of energy with a significant portion driven by air conditioning loads.
- Some generous solar feed-in tariffs (rates of up to 60 cents/kWh for all energy created) have now come to an end. This means that for many households excess solar generation is now earning them very little.