Over 20,000 battery storage systems installed in Aus in 2017: SunWiz

After an extended period of research, SunWiz has released its much-anticipated Australian Battery Market Report for 2018. As Australia’s leading provider of solar market research, SunWiz’s position of a trusted independent market analyst means top companies trust us and have shared their information and unique insights. This report provides unprecedented transparency into what is otherwise an opaque market.

Compare Solar & Battery Quotes

Some of the key findings of the report are that:

There were 20,789 energy storage systems installed in 2017, a three-fold increase on the 6750 installed in 2016.

12% of the 172,000 PV installations that occurred in 2017 included a battery, up from 5% in 2016
There are now a cumulative tally of 28,000 battery systems installed in Australia
Most of the installations occurred in the eastern states. 42% of storage installations in 2017 occurred in NSW; 19% in Queensland and 17% in Victoria. 11% occurred in SA
135MWh of projects were installed in 2017, plus 190MWh of distributed systems.
SA is the best location to install batteries, with PV-storage ROI averaging 13.9% (7.19 years). However the best ROI in SA is 18.2% – a 5.5 year payback

The Victorian Time of Use Feed-in Tariff (FiT) presents a substantial advantage to customers who take it up. We find:
- The TOU FiT is more valuable than the flat-rate FiT, for PV with or without batteries.
- North-facing still has a better outcome, with or without batteries, whether on TOU or flat-rate FiT.

The report details the inner workings of the Australian energy storage market for 2017, including:

The numbers and capacity of home energy storage batteries installed in each state in 2017
Key news items and projects for 2017
List of key projects for 2017 and those coming in 2018
Pricing trends and forecasts, plus subsidies available in Australia
Financial analysis of batteries for every Australian DNSP
Research on customer purchasing motivations
Manufacturer public announcements of volume
Forecasts for 2018 and beyond

You can learn more about the report here.

Compare Solar & Battery Quotes

About
Latest Posts

Jeff Sykes

CEO at Solar Choice

Jeff has consulted on over 20MW of commercial solar projects, ranging from SMEs to ASX top 100 companies. Jeff has also provided independent advice to 100s of residential solar, battery and EV charging customers across every state in Australia. He holds an MBA from the Australian Graduate School of Management and is an expert in business strategy and financial analysis.

Related Posts