Comment by notatoad
2 days ago
still sounds like an incredible way to incentivize consumers to buy small-scale storage. if i knew i could get free electricity for an hour or two each day (or even each week) it'd be a very easy choice to drop ~$1000 on a home battery.
You'd spend $1000 to save $0.20 on electricity every day?
The average price of power in Australia is 34 cents per kWh. The average Aussie spends A LOT more than $0.20 per day.
GP isn't talking about a full day's use, but "free electricity for an hour or two each day (or even each week)."
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7.3% return, not bad. As battery prices drop it will get even better.
It's not 7.3% return rate. There's some depreciation you need to add there.
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Where I live, $1000 would get you about 3kWh of battery power, which would pay for itself in a couple years