I am just wondering would stacking up batteries, charging them off-peak and using/selling back during peak usage be as good as this, or even better? Seems like this shouldn't be a viable scenario, but given the prices and idle capacity, it seems just investing in batteries and charging them at night, to be used/sold to the grid during the day would be as good as a solar installation.
We had an expensive solar install due to restrictions around our roof, so the solar would typically have been cheaper.
Another consideration is that battery installations in the UK are charged at 20% VAT, but if they're installed as part of a solar installation, they're charged at 0% VAT. So even if your main interest is in getting the batteries, a small solar install might make sense because of the savings.
The author pays £0.07/kWh off peak, but can export at £0.15/kWh. The author paid ~£7500 per powerwall which has ~13.5kWh capacity. Assuming full charge/discharge every night, you can make ~£1.08 per day, which works out to about 19 years to pay back.
Utilities normally consider disincentivizing this type of behavior from residential customers as one of the factors when setting their export pricing.
You can usually save more by generating solar locally and using it to power the home and charge the battery, then discharging the battery during peak hours (usually around and just after sunset) to earn the most. Obviously higher upfront capex.
Pure grid cycling is also frowned on by some utilities.
Octopus in the UK has tariffs where it basically takes over your system (ie the batteries in particular) and subsumes them into its wider activities, eg:
>it seems just investing in batteries and charging
I mean a lot of companies already do this with megawatt/gigawatt installations.
The key is peaking and grid stabilization. If you're a huge provider you can pay for all your batteries in a year or two if there is some large grid emergency and rates skyrocket.
If you're a non-commercial user, it's going to be hard because the provider rates you pay/get paid are much more likely to be fixed at a pretty low rate.
I am just wondering would stacking up batteries, charging them off-peak and using/selling back during peak usage be as good as this, or even better? Seems like this shouldn't be a viable scenario, but given the prices and idle capacity, it seems just investing in batteries and charging them at night, to be used/sold to the grid during the day would be as good as a solar installation.