The short answer is absolutely. If you were to export any surplus electricity to the grid, you may receive around 5p per kilowatt. The cost of electricity in the UK today is in excess of 30p per kilowatt. It is a simple as that.
An energy-storage system, also called a home or solar battery, lets you capture electricity so you can use it at another time. For example, you can store the electricity your solar panels generate during the day and use it at night.
If you have solar PV panels, or are planning to install them, then using home batteries to store electricity you’ve generated will help you to maximise the amount of renewable energy you use. In fact, 60% of people who have, or would consider, a home battery told us the reason was so they could use more of the electricity generated by their solar panels. Home-energy storage will also reduce the electricity you use from the grid, and cut your energy bills.
If you’re at home during the day and already use a large proportion of the electricity you generate through solar panels, or divert surplus electricity to heat your water (for example), then a battery may not be right for you.
This is because home-energy storage will cost you upwards of £3,000, so you’ll need to make sure it's a worthwhile investment and you'll get your money back on your energy bills. With grid electricity currently very expensive, the pay back times might now be quicker than you think.