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14 September 2017 2017 12:45 PM GMT

IKEA, Solarcentury Revolutionise Home Energy Market With Solar Battery Storage

Home furnishings expert IKEA has teamed up with leading solar firm Solarcentury to launch a new Solar Battery Storage solution to help homeowners make huge savings on their electricity bills, as well as increasing the rate at which they can reap the benefits from their solar investment. Designed to work alongside existing Solar Panels or as part of a brand new combined home Solar Panel and Battery Storage system, the new offering will make it much easier for homeowners to save on their electricity bills by enabling them to use more of the electricity that is generated by their solar panels.

Solar Battery Storage allows users who have solar panels installed on their homes to store the electricity generated by the sun and use it whenever they like. An average solar home in the UK will typically consume around 40% of all the solar electricity generated, or even less if they are regularly out during the day. The remaining 60% of unused solar electricity is sent back to the National Grid, at a loss compared to its value. This means that homeowners currently lose out on making further cost savings. By adding Solar Battery Storage, unused solar electricity can be stored and used at a later time, meaning the amount of solar electricity an average home can use doubles to 80%. The result: homeowners see their savings doubled and their electricity bills cut by up to 70%. With the average household electricity bill coming in at £584**, homeowners who install solar panels could benefit by £380 in the first year after purchase if only using 40% of the solar consumed electricity or £560 if using 80% of the solar consumed electricity with the help of Solar Battery Storage.

By adding Solar Battery Storage, unused solar electricity can be stored and used at a later time, meaning the amount of solar electricity an average home can use doubles to 80%. The result: homeowners see their savings doubled and their electricity bills cut by up to 70%. With the average household electricity bill coming in at £584**, homeowners who install solar panels could benefit by £380 in the first year after purchase if only using 40% of the solar consumed electricity or £560 if using 80% of the solar consumed electricity with the help of Solar Battery Storage.When buying solar panels and adding on battery storage – costing from £6,925 in total –homeowners can pay off the capital invested in the system in roughly 12 years, at a 6% annual return***.

When buying solar panels and adding on battery storage – costing from £6,925 in total –homeowners can pay off the capital invested in the system in roughly 12 years, at a 6% annual return***. Meanwhile, they will be generating free, clean energy.

Hege Saebjornsen, Country Sustainability Manager, IKEA UK & Ireland said: “At IKEA we’re always looking for ways to help customers take positive actions at home for both the environment and their wallets.  We know that our customers want to live more sustainably and together with Solarcentury we will help them to get more value from their solar panels and do just that. With energy bills already going up 15% this year****, there’s never been a better time for customers to take back control of their electricity bills and maximise their savings by switching to solar and solar storage. Susannah Wood, Head of Residential Solar at Solarcentury commented: “We’re committed to helping homeowners reap the benefits of going solar and our business partnership with IKEA is a significant step forwards for the renewable energy industry. The cost of solar installations has dropped considerably in recent years and is in fact 100 times cheaper than it was 35 years ago. We believe IKEA and Solarcentury are bringing the most competitive package to the market yet so more people than ever before can profit financially and environmentally by producing their own energy.”

Susannah Wood, Head of Residential Solar at Solarcentury commented: “We’re committed to helping homeowners reap the benefits of going solar and our business partnership with IKEA is a significant step forwards for the renewable energy industry. The cost of solar installations has dropped considerably in recent years and is in fact 100 times cheaper than it was 35 years ago. We believe IKEA and Solarcentury are bringing the most competitive package to the market yet so more people than ever before can profit financially and environmentally by producing their own energy.” The IKEA Solar Battery Storage starts from just £3000 (5% VAT included), whilst prices for homeowners who already have solar and want to add a battery start from just under £5000 (20% VAT included). This includes a 15% discount available to IKEA Family members.

The IKEA Solar Battery Storage starts from just £3000 (5% VAT included), whilst prices for homeowners who already have solar and want to add a battery start from just under £5000 (20% VAT included). This includes a 15% discount available to IKEA Family members. Solar Battery Storage is available to purchase online via the IKEA UK website. Customers can get a free estimate by simply visiting IKEA and completing the Solarcentury calculator to see how much they can save. Installation can take as little as three weeks from receiving an estimate to installation.

Notes
*All prices as current UK IKEA price list and takes into consideration the following scenario:
Property is in London with a south-facing pitched roof which is 10% shaded
Family at home only in the afternoon during the week using 3,300 kWh of electricity
12-panel system installed
6.5kWh battery system installed
Total installed price: £8,750 including VAT at 5% and with a 15% IKEA Family discount
Generation tariff of 4.07p rising with RPI of 2.5% per annum
Export tariff of 5.03p rising with RPI of 2.5% per annum
Price per kWh for grid electricity at 16p rising at 5% price inflation per annum
Solar module degradation at 0.7% per year

 
Energy Prices
** Average electricity bill: £584 (Source: DECC).*** Using 3,300kWh per annum

**** Energy Prices: examples: nPower raised energy prices by 15% from 16 March 2017, E.on 13.8% from 26 April 2017, SSE 14.9% from 28 April 2017

 
Product specification:
Battery installed with panels, prices start from just under £3000 (5% VAT included). LG Chem battery 3.3kWh  (kilo watt hour).  The equivalent of running 200W of lighting for 14.5 hours if fully charged.

Retrofit battery installed, prices start from just under £5000, (20% VAT included). LG Chem battery 3.3kWh (kilowatt hour).  The equivalent of running 200W of lighting for 14.5 hours if fully charged.

December 3rd 2018
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

December 11th 2018
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to a new report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

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