Are Batteries cost effective yet?

When will batteries be worth the money? That is the industry’s biggest question. There have been rumours about a $2000 government rebate off the purchase off your battery. Wouldn’t that be nice! When you have a solar system you get a 7c feed-in tariff, when you install a battery, say goodbye to that! So really if your trying to calculate your savings with a battery you need to understand your giving up the 7c to save the 24c so you’re only saving 17c per kwh when having a battery. Our calculations are suggesting battery payback periods are at the 10 year mark, so probably not worth it right now.