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Have you decided that it’s time to install a home solar system? You’re probably going to be looking at spending somewhere around $20,000 for it on average.
But you might also want to consider installing a solar battery storage system while you’re at it. You can utilize this system to store any solar power your solar panels produce so that you can use it later on.
Adding a solar battery storage system to your solar system will increase your cost. But the solar battery storage system cost might be well worth it since it may help you save a small fortune on electricity as you move forward. You shouldn’t ever have to worry about paying for electricity again as long as this system is large enough to store the right amount of solar power for your specific house.
So, what is the solar battery storage system cost? It’ll depend on a handful of different factors. Learn about them below.
Solar battery storage system cost: Factors to consider
Type
When you decide to have a solar battery storage system installed, you’ll be able to choose from a few different types of solar batteries. It would be worth exploring these options so that you’re able to choose the one that’ll work the best for your home and with your solar panel system.
Here are the four types of solar batteries you can buy today:
- Lead-acid
- Lithium-ion
- Nickel-cadmium
- Flow
Lead-acid solar batteries have been around for the longest time out of all the solar battery options. Because of this and because they’re known to be both reliable and affordable, they’re the most popular solar batteries of the bunch.
But you shouldn’t automatically go with this type of solar battery just because it’s the one that most homeowners pick. Instead, you should talk to the company that’ll be installing a solar battery storage system to see which one they would suggest you get. There might be a different type of solar battery that’ll do a better job when it comes to storing solar power.
Brand
The global solar battery market isn’t worth anywhere close to what the global solar panel market is worth right now. It’s only worth about $175 million at the moment.
But it’s projected to be worth almost half a billion dollars within the next 5 years. As a result, there are lots of different brands that have started to manufacture solar batteries and solar battery storage systems.
You should be able to use this to your advantage. Since there are so many brands making solar batteries in 2023, you should be able to keep your solar battery storage system cost on the lower end of the spectrum by going with one from a brand that is focused on creating affordable systems.
You shouldn’t necessarily just go with whichever company can sell you the cheapest solar battery storage system. But you should shop around for a solar battery storage system that’s going to fit into your preferred price range. There should be at least a few companies that’ll be able to help you get your hands on a solar battery you can afford.
Size
Outside of the fact that there will be a lot of different types of solar batteries for you to choose from and many different companies that specialize in manufacturing them, you’ll also find that solar batteries will come in a wide range of sizes. You can buy a solar battery that can hold as little as 1 kWh or more than 10 kWh.
Some solar battery storage systems will also allow you to add more than one battery to them. If you have an especially large home, you might want to look into this option.
But whatever you do, you shouldn’t put yourself in a position where your solar battery isn’t going to be big enough to provide your whole house with solar power. Most homeowners will go with a 10 kWh solar battery to be on the safe side. But you might be able to get away with a smaller battery than that, and you might also need to think about going with a larger one.
This is another area in which it’ll help to have a great solar company on your side. They’ll be able to guide you in the right direction when it’s time to select the right size solar battery.
Installation Company
While there are many different brands that produce solar batteries, most of them aren’t going to handle installing them for you. You’ll need to bring in a solar company to take care of this for you. And obviously, the solar company you choose will have an impact on your solar battery storage system cost.
When you’re on the hunt for a solar company, you should Google “solar companies near me” to see all your options for solar companies. It’ll give you the opportunity to research them so that you can see which ones have the most solar installation experience. It’ll also let you go through the process of reading online reviews for them so that you can determine which ones have the best reputations.
Additionally, you can begin comparing installation costs from one company to the next. It’ll paint a much clearer picture of which solar companies can extend the most affordable solar battery storage system cost to you.
You’ll find that you can rely on a solar company like Blue Raven Solar to provide you with excellent solar products and services. They’ll check all the right boxes for you when you’re interested in putting a solar panel system and/or a solar battery storage system in place for a great price.
Installation Process
No matter which solar company you ultimately hire to install a solar battery storage system, the installation process they’ll have to go through will play a big part in how much this system will cost you.
If you have a relatively basic roof on the top of your home, it shouldn’t be too difficult for a solar company to install a solar battery storage system for you. They’ll be able to work their way through the installation process without encountering any issues.
But if you have a roof on your home that’s filled with peaks and valleys and all kinds of other obstacles, it could possibly make the solar battery storage system installation process more difficult than usual. This could lead to you facing higher costs in the end.
The solar company you choose to install your solar battery storage system will be able to give you a better idea of how difficult it’ll be for them to get this system set up. A company with plenty of solar installation experience should be able to make the process easy and keep your costs under control.
Timing
At times, something as simple as the timing of your solar battery storage system installation project could affect its cost. If you happen to reach out to a solar company at the busiest time of the year for them, you might get hit with a much higher quote than you would receive at a slower time of the year.
Generally speaking, the spring and fall tend to be the two busiest times for most solar installation companies. Many homeowners like the idea of having solar battery storage systems installed at these times, so many solar companies have schedules that are jampacked.
If you can steer clear of installing a solar battery storage system at these times, it could result in you getting access to better installation prices. You might also be able to get a better deal on all the equipment you’ll need to create a solar battery storage system.
Rebates
As we alluded to earlier, the solar battery market is growing by leaps and bounds right now. It has made this part of the solar industry very competitive with manufacturers always working to try to get a leg up on other companies.
One way that companies sometimes try to do this is by extending rebates on the equipment you’ll need to set up a solar battery storage system. This could work to your advantage if you play your cards right.
When you know you’re going to be installing a solar battery storage system, you should look around at how much different systems will cost you. You might be able to find certain manufacturers that have rebates available on their products.
When you purchase these products versus the products from companies that aren’t offering any rebates, it could lower your solar battery storage system cost. Just make sure you don’t simply select the cheapest solar battery products you can find without doing any other research on them. This could result in you having substandard products installed on your roof as part of your home solar system.
Tax Credits
Over the last decade, the U.S. government has made a big push to try to convince more homeowners to install solar panels and other solar products on their roofs. They’ve tried to incentivize people to do it by offering them all kinds of intriguing tax credits.
The guidelines for the federal tax credits that are available to those who install solar panel systems are always changing. But it would be worth discovering more about them to see if you might be able to qualify.
If you’re able to qualify for tax credits when installing a solar battery storage system, it could reduce your costs dramatically in many cases. You might be able to get this system up and running and get a huge tax break next April.
That being said, it can sometimes be confusing trying to figure out which tax credits you might be able to get. It’s yet another reason to work only with a great solar company. They can talk to you about which tax credits you might be able to qualify for and provide you with all the necessary documents to get these tax breaks down the line.
Even if you aren’t able to qualify for any tax credits, you’ll kick yourself later on if you don’t at least try to utilize them. You’ll regret not doing it if you find out you could have saved thousands of dollars on your solar battery storage system in the future.
Location
At the end of the day, all of the different factors listed here will have at least a little bit of an impact on your solar battery storage system cost. You’ll want to keep each and every one of them in the back of your mind so that you’re able to secure the best deal possible on a solar battery.
But something like your location could end up being more important than almost anything else. It’s why you’ll want to factor it into the equation when you’re shopping for a solar battery storage system.
There are certain states throughout the country that are better suited for solar systems than others. If you happen to live in one of these states, it could benefit you.
Since these states are great for those who would like to install solar panel systems and solar battery storage systems, they’re often filled with solar companies. This could create competition that’ll lead to you getting better prices from these companies.
In this case, you’ll definitely want to obtain quotes from as many solar companies as you can. By doing this, you’ll be able to guarantee that you’re able to get the lowest solar battery storage system cost available to you.
So, What Does a Solar Battery Storage System Cost? Find Out Today
The average solar battery storage system will usually be somewhere around $10,000. But there are some solar batteries that sell for closer to $5,000 and others that sell for $15,000, if not more.
Your goal should be to locate the company that’ll give you the most affordable solar battery storage system cost possible. You can do that by comparing solar installation costs from one company to the next and choosing the right one in the end.
Read more articles about installing solar panels on your home by checking out everything else our blog has to offer.
