Combining rooftop PV with battery storage and an electric vehicle can more than halve the payback period for a home solar system, and fast-charge the transition to renewables, a new report has found. The report, by the Institute for Energy Economics and Financial Analysis (IEEFA), analysed the economic impact of combining rooftop solar with batteries and EVs, and the effects of different policy incentives – and disincentives – in Britain and Germany. The report asserts that batteries and EVs can boost the economics of rooftop solar, by enabling households to use more of the electricity they produce, thereby increasing power bill savings, and reducing the payback period on the solar system. “EVs create a new source of demand for solar power,” said Christian Kunze, co-author of the report and senior energy researcher at Smart Innovation Norway, a renewable energy think tank. “Battery storage gives households further control over how they use their solar generation.” The modelling shows that in Britain – where it currently takes an astounding 19 years to pay off rooftop solar – the payback for a “typical” 4kW rooftop PV system when combined with an 8kWh battery and a small 35kWh EV could be slashed to […]
Latest Articles
Eco-Friendly Farm Stays Around the U.S.
Takeaways: A farm stay is an accommodation where you can book a bed, room, or lodging on a working farm.
Payment for the accommodation...
Natural Fire Resistant Cotton
Natural Fire Resistant Cotton A research team from the United States Department of Agriculture (USDA) has developed a...
The “Windcatcher”: Bigger Than The Eiffel Tower And Can Power 80,000 Homes, Say Developers
Takeaways: The Windcatcher is an offshore sail that might be set to change wind power generation.
The device can spin faster than traditional turbines,...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food Production. Urban Gardens...
Calgary Passes Single-Use Plastics Bylaw
Takeaways: The city of Calgary has passed a single-use plastic bylaw to decrease the amount of waste the city produces.
Citizens will have to...
10 States Have Now Banned the Sale of Cosmetics Tested on Animals
Takeaways: New York has become the tenth state to ban the sale of cosmetics tested on animals.
The law is known as the New...