As the preferred supplier for the Gippy Bulk Buy, Eko Energy are currently in the final stage negotiations with several battery companies and an indicative price list will be released at the end of June 2018.
This is to ensure that due diligence is carried out, and that the Gippy Bulk Buy gives residents the best deal with warranties and products that they can trust. As this market is still in its infancy, it is important to tread carefully. To date, fewer than 7,000 batteries have been installed across Australia’s 8 million homes, an indication of just how new battery technology is in the Australian market.
As a general rule, at this point in time battery set ups equate to roughly $1000 per kW of storage, plus installation costs. This puts the average quality residential install of around 10-15kW storage somewhere between $12000–$16000. This is a very broad and general guide, and Eko Energy will provide a highly specific and tailored quote for each install.
It is worth mentioning here that there are some companies currently offering battery setups at around $6000 including installation. Customers need to be aware that the size of these 1.4kW systems will only offer around half an hour of power to an average home, and are therefore not an advisable investment.