- First and foremost home owners are looking to reduce their electricity bills. But there's no point buying a cheap system and then having that fail after three to four years. When they're buying systems, you really need to be looking past 10 years. And ideally if you're buying a really good quality panel, you'll get a 25 year warranty out of it and this system will last you that long.
So, homeowners in Canberra, are quality focus probably more so than any other region that we're focused on. And I think that's a fantastic thing. The worst thing I can think of, is all of those cheap panels going to landfill in such a short amount of time. Having a panel that lasts you and inverter beyond that sort of five years is really important. Yes so VPP is a virtual power plant. So, you could have 5000 batteries installed in 5000 different places but the technology that stitches them all together, makes them work as one. All these batteries should respond to commands.
They respond to price signals in the wholesale market that provides that control layer across all these batteries that allows them to work in a coordinated fashion. There are additional revenue streams available to the homeowner for the use of that battery. So, a retailer may say okay, I'm gonna buy the power out of your battery because we're gonna see a grid issue in the afternoon when everyone comes home and turns the air conditioner and I'm gonna pay you for that. And certainly that amount that revenue stream is much higher than what you would typically get from a normal feed in tariff.
How do high quality solar panels help increase the income of Canberra homeowners connected to a VPP?
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