And if you decide to add a home battery to yoursolar panel system, it can get even pricier.
Some home batteries can cost just as much as the solar panel system itself.
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Here’s what you should know.
How much does a home battery cost?
Home battery pricing is tricky, mainly due to the site-dependent nature of the installation.
Every home is different.
To get the most accurate estimate possible for your home, you’ll need to talk to aninstaller.
And again, these prices should be taken with a grain of salt.
Here’s a breakdown of the factors that affect the price.
Energy storage capacity
The cost of a battery tracks pretty directly to its energy storage capacity.
The more storage you want, the more money you’re going to spend.
Warranty
Every home battery should come with alimited warranty.
The industry standard for home battery warranties is about 10 years, McDonald said.
But some companies will offer extended warranties for a higher price.
McDonald cautions buyers about paying extra for an extended warranty.
It’s important to confirm the company can actually honor a 12- or 15-year warranty.
Not every manufacturer sticks to the 10-year warranty standard.
But these types of warranties are uncommon.
But it’s also important to do your research.
Take some time to look into the battery’s manufacturer.
Were there any recalls?
What seem to be the most common complaints people have with the company?
Are home batteries worth the cost?
This is especially helpful if you pair your battery withsolar panels.
Having backup power can be especially useful if you rely on medical devices or other essential electronics.
And a home battery might be a better alternative than a noisy gas-poweredgenerator.
“They should be able to help you crunch the numbers,” McDonald said.
While there are a lot of benefits to home batteries, they might not make sense for every home.