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What are the main reasons people invest in solar battery storage for their home?

Synopsis

Investing in solar battery storage solutions for your home offers a range of benefits. One key advantage is achieving energy independence while safeguarding yourself against rising electricity costs. By adding a solar-plus storage system, you're not only spending your own money but also increasing the value of your property. In the event of selling your home, the system becomes an asset that can be transferred to your next property, providing a return on investment.

Unlike traditional additions like a veranda that doesn't generate income, a solar-plus storage system allows you to save money by self-consuming the solar or battery-generated kilowatt-hours. To ensure a successful investment, it's crucial to select the right installation company, prioritize reputable brands like LG, and choose high-quality hardware, including inverters and solar panels that meet stringent manufacturing standards.

Video Transcript

There's a range of different reasons why people are investing in solar battery storage solutions for their home. In particular is energy independence, and protecting themselves against rising electricity costs. So the hip pocket is very important, additional blackout protection, and increasing their property value.

By adding a solar-plus storage system, it's actually an investment that you're spending your own money, but it's adding to the value of the property. So what that means when you go to sell your home, it is increasing the value of the property. If the person buying the home doesn't want to pay more for that, that's fine, it's your asset, it's your battery, you can bring it with you to your next property. But this is an investment, you do get a return on this actual solution, so unlike putting a veranda on your, investing $15,000 in a veranda, that's there, it's nice, you can use it, but it's not generating any income for you and paying itself off. With a solar-plus storage system, it's a bit different. It's still an asset for your property, so it's increasing your property value, but you're also saving money every kilowatt hour you are producing and self-consuming from the solar or battery, is a return on investment.

The things you need to think about if you're investing in a solar-plus battery system for your home, very important is to choose the right installation company, choosing quality products. So reputable organisations like LG who'll be around to support the warranties of the products. And of course, great hardware as well. So the inverters and the right selection of solar panels. Like everything, not all products are manufactured the same and to the same quality standards. So it's very important that you choose a company that you can trust that has a proven track record in manufacturing products.