How can you feel it! Sydney, Australia: “Photovoltaic + Plus Energy Storage” is 55% cheaper than the grid!

Stucco, a small-scale electricity sales company in Sydney, Australia, piloted the “photovoltaic + energy storage” power supply with the support of the municipal government. The company invested A$130,000 and installed 114 PV modules with 36 batteries in December 2016. The total installed capacity of photovoltaics is 30 kW and the energy storage capacity is 40 kWh. The photovoltaic system generates 41.5 megawatt hours of electricity, 25.0 megawatt hours of self-use, 16.5 megawatts of surplus electricity, and 11.4 megawatt hours from the grid to meet the peak load.

How can you feel it! Sydney, Australia: “Photovoltaic + Plus Energy Storage” is 55% cheaper than the grid!

How can you feel it! Sydney, Australia: “Photovoltaic + Plus Energy Storage” is 55% cheaper than the grid!

After one year of operation, Stucco's electricity users spend an average of 240 Australian dollars per year. If you buy electricity directly from the grid, the annual electricity bill can reach AUD 540. For the sales company Stucco, the investment of 130,000 Australian dollars can be recovered within 13 years, the yield is 7.7%. If you consider the Sydney government's AU$50,000 subsidy, then the return rate can reach 20%, and all the investment will be recovered within 5 years.

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