HOME BATTERIES NOW MAKE A LOT OF FINANCIAL SENSE!

EV Channels Review

This video makes a compelling financial case for home battery systems, particularly the GivEnergy 8.2 kWh model, even without solar panels. The reviewer highlights that current UK energy prices, especially with time-of-use tariffs like Octopus Go, make a home battery a "financial no-brainer" for those who can afford the upfront cost. By shifting significant electricity usage to off-peak 5p/kWh rates and utilizing the stored energy during peak hours (around 23.4p/kWh), substantial savings are achievable. The reviewer calculates an average daily electricity cost of just 8p/kWh with a battery, compared to potentially 20-35p/kWh or more without one. This translates to annual savings of £522 to over £1000, leading to a payback period of under five years for an installed system costing approximately £4,000. The reviewer emphasizes that this financial advantage is only set to increase as energy prices rise. Furthermore, the portability of home batteries compared to solar panels is noted as a significant advantage for those who might move house.