IT'S BEGUN! The Solar Battery CRASH of 2024

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  • čas přidán 6. 08. 2024
  • Want a Solar + Battery Quote? Go here: www.solarprosteam.com/
    ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
    0:00 - Intro
    0:26 - Install Time
    2:47 - Meter Collar
    3:59 - Basic Economics
    6:15 - Material Prices
    8:15 - IRA Incentives
    9:15 - Hold off?

Komentáře • 301

  • @jjackson3240
    @jjackson3240 Před měsícem +138

    Don't neglect the possibility of sodium ion taking lithium's place. While not being used in a large scale yet, they are the perfect product for home energy storage and will likely cut battery costs to half of lithium. They still currently have a lower density than lithium but that's ok for stationary storage solutions.

    • @Ryan-ff2db
      @Ryan-ff2db Před měsícem +9

      The first SIB's for home storage are expected around summer of 2025 as newer SIB dedicated factories ramp. They likely won't be much cheaper at first though, until supply increases to meet demand.

    • @joryferrell7244
      @joryferrell7244 Před měsícem +6

      They also have discharge curve that isn't as flat, which means that you need a more sophisticated inverter. Still, they are better for stationary cost-wise.

    • @philgooddr.7850
      @philgooddr.7850 Před měsícem +4

      Price of lithium has collapsed with poor EV sales in 2024, down to 14k$/ton of LiCl. yet sodium salt batteries wi5 nickel plates installed here are more durable and easely recycled but are heavy and less efficient so for home use only and moderate capacity. a supermarket in Schlieren has 520kWh of sodium salt battery installed but it weight 7 tons...

    • @natenut1694
      @natenut1694 Před měsícem +1

      I agree. I understand soduim energy density is around 100-150watt/kg. It will mostly be sitting and take up some space. But i know that energy density in time will improve.

    • @larryc1616
      @larryc1616 Před měsícem +6

      Catl is making sodium ion batteries for byd ev this year!

  • @ivansolares2448
    @ivansolares2448 Před měsícem +60

    Crazy that you can buy a 98kwh used F150 Lightning for $30k. Combine that with battery system you can essentially buy a mobile battery with the capacity of 6-7power walls.

    • @free_stylabro6490
      @free_stylabro6490 Před měsícem +9

      In my country South Africa you can buy 100kwh worth of LFP batteries for $14500. Depending on the brand of course. Prices have dropped a lot.

    • @solarprosteam
      @solarprosteam  Před měsícem +3

      Correct, however, we have to factor into account the value that a wall-mounted battery will provide in being able to discharge at a high enough power output to power the loads in the house, through a dedicated connection point in the main service panel.

    • @meikgeik
      @meikgeik Před měsícem +17

      Where can I buy a used Lightning for $30k? I'll buy that in cash right now.

    • @daveduncan2748
      @daveduncan2748 Před měsícem +2

      @@meikgeik Just the battery, I suspect. The truck it came from has probably been totaled.

    • @dons5105
      @dons5105 Před měsícem +1

      Ev's keep lovking ppl out or in with their child while they watch it burn & wait on the fire department & who knows?

  • @sunrisejak2709
    @sunrisejak2709 Před měsícem +28

    What?!?! My batteries were installed and hung on the wall in a matter of hours. My entire 12 kw system with 22 panels, 2 inverters, and 2 10kwh wall batteries took 1 day. A 2nd day was just to inspect and confirm. The entire system 14,000 USD complete with installation.

    • @andra9694
      @andra9694 Před měsícem +1

      Dang

    • @mpetty9947
      @mpetty9947 Před měsícem

      That's amazing.

    • @stopdrpnro
      @stopdrpnro Před měsícem +2

      Mind sharing your location and equipment?? That's a great price!

    • @sunrisejak2709
      @sunrisejak2709 Před měsícem

      ​@@stopdrpnro Thailand. I can't recall the breakdown. The solar panels are 22 pieces of 545 watt each from Longhi. The inverters (2) are 6 kw each from a company called Deye. The wall battery 10khw (2) are LFP from Taiwan. The I stalkers are like 8 guys. 2 actual electricians and some labor. Labor cost in Thailand is about 10 bucks a day for low end with the electricians maybe 20 bucks a day. I'll ask my wife if she can locate the quote. But the items from China and Taiwan indeed are good value. Going on 2 years and fingers crossed the system works great. Lucky as the overall cost is low and we get lots of "Sun" days. I produce about 50kw per day average and the 20kwh of batteries generally get us through the night until sunrise. My monthly electric bill was around 350 bucks a month now it's average about 6 bucks. I do not sell back to the grid. I realize I'm fortunate with the low cost of goods and labor here.

    • @sunrisejak2709
      @sunrisejak2709 Před měsícem

      ​@@stopdrpnroOh the company is called Solar Solutions ltd Thailand they have a website but that won't do you much good. 😊

  • @boblatkey7160
    @boblatkey7160 Před 15 dny +5

    I've been in the solar industry for 25 years and I work for a company that provides energy storage systems and I am so sad as to the lack of education and training that most solar companies employ when installing residential energy storage systems. The amount of installation errors that I have to deal with in the field is overwhelming! it really makes me sad. In fact, I would rather work with a high-end licensed electrician that has no solar experience then a know it all solar contractor who most certainly does not know it all..

    • @Ljavids2
      @Ljavids2 Před 23 hodinami

      That’s the problem with DIY and lack of need qualifications required to install

    • @Ljavids2
      @Ljavids2 Před 23 hodinami

      To many cowboys and lack of regulation

  • @samjohnston4945
    @samjohnston4945 Před měsícem +6

    Great content. Thanks. Wondering how you view the introduction of Sodium Ion batteries affecting prices & use ... believe these batteries are happy with high temperatures, low temperatures & aren't affected by being taken to 0% charge ? Plus, any guess on when they'd be available for domestic use

  • @crazysquirrel9425
    @crazysquirrel9425 Před měsícem +44

    Batteries are obscenely overpriced for what you get.
    About time prices started dropping. But thy are STILL too high.

    • @user-tg2gm1ih9g
      @user-tg2gm1ih9g Před měsícem +1

      what *ARE* you talking about ?
      Duracell 20,000 milliamp·hour
      alkaline D 20 amp·hour
      cell 1.5 volts
      30 watt·hours
      $24.49 Amazon, for
      24 batteries
      $1.02 per battery
      ********* 29 watt·hours per dollar
      Weize 12 volt
      Deep Cycle 100 amp·hours
      lead/acid 1200 watt·hours
      battery 500 re-charges
      600,000 watt hours
      $151.29 per battery
      ********** 3,966 watt·hours per dollar
      Solorage 12 volts
      LiFePO4 100 amp·hours
      battery 1200 watt·hours
      5,000 re-charges
      6,000,000 watt hours
      $169.99 per battery
      ******** 35,296 watt·hours per dollar
      these new Lithium batteries sound like a *bargain* to me !!

    • @Catsrules1
      @Catsrules1 Před 25 dny +3

      In comparison to what?
      If they are so obscenely expensive why are they in basically every electric device we have?
      I no of know other energy storage device that is cheaper then a battery.
      Maybe at scale there are cheaper alternatives. But even then batteries are still used at scale and being successful at it.

    • @crazysquirrel9425
      @crazysquirrel9425 Před 25 dny

      @@Catsrules1 It's more about the profiteering than anything else.
      Also, Alkaline batteries long ago used to last longer than the ones today for some reason.
      Grandpa constantly has to replace those batteries. He said long ago they would last a lot longer.
      Personally I have devices that do not use batteries - hand saw is one of them lol
      Screwdriver?

    • @Catsrules1
      @Catsrules1 Před 25 dny +1

      @@crazysquirrel9425Do you have any examples profiteering? In my experience they have only gotten cheaper. Although that doesn't signify there wasn't profiteering going on.
      I can't speak on the longevity of Alkaline batteries as I really haven't been paying attention on that unfortunately.
      Handsaw and screwdriver aren't electronic devices.

    • @crazysquirrel9425
      @crazysquirrel9425 Před 25 dny

      @@Catsrules1 But you said 'devices'.
      Also a bicycle is a device.
      Look up corporate profits for the battery companies.
      NO WAY should a 4 pack of lithium batteries ever cost $20.
      Even Alkaline batteries are high.
      Using supply chain issues to increase prices is profiteering.
      Supply chain was NOT as bad off as people are told.
      Cali is the culprit for some of the supply chain issues. They refused to let ships dock and unload.

  • @unwired
    @unwired Před měsícem +17

    LFP prices has gone down because the EV production in China soared however there is a chance that it has peaked because Chinese EV production has also slowed down and the excess LFP went to PV storage.
    There is also a chance that by 2025 the battery prices will stable or will increase once they slowed down the battery production.

    • @TheFatman819
      @TheFatman819 Před 18 dny

      The US has a 100% tariff on Ave vehicles and a 50% batteries. BYD is the largest battery maker in the world and now the largest ev maker. They are targeting the Asian market and they have no interest in the US. US US TAX CREDITS I've added to the price of batteries by 30 to 40% things were cheaper when that was about to expire. China's Evie market has not slowed they are building a plant in Mexico

    • @unwired
      @unwired Před 12 dny +2

      @@TheFatman819​​⁠there are more than 80 EV startup in China, and only few of them will surive or will be swallowed by bigger EV companies.
      Currently they are flooding the Non-EU and North America because of the tariff and Chinese domestic demand have slowed.
      Currently CATL is working well with Tesla, plus Tesla just closed a deal for I think 20Gigawatt storage in California.
      Now, many of PV battery are Grade B cells. These are good cells but not able to pass for EV usage. This is why here in Asia, you can buy a 5kw server rack battery for $600-700USD.
      550 Watt solar panel for $90USD. Since we don’t have tariffs like in NA and EU, we got them cheaper.

  • @kev4241
    @kev4241 Před měsícem +5

    100 AH LFP on Amazon higher than start of year? what kind of crash is that

  • @stanleytolle416
    @stanleytolle416 Před měsícem +1

    There is also the issue of a utility paying a premium for power when they have a need for it. This makes sense for both home battles as well as systems using EV batteries being able to feed power to a Utility.

  • @TimMountjoy-zy2fd
    @TimMountjoy-zy2fd Před 13 dny +3

    There is no reason that the trend in battery prices does not continue. When you look at the 15KWH box on the wall you know we could make that for under $ 1,000 and that's where the price is heading over the next 20yrs. At about half their price now and a 15yr life then nearly every home could afford to buy one knowing they will save money. Think what that does to demand and electricity Grid management when homes start to lift themselves out of the peak period of the day between 3pm to 9pm.

    • @Ryan-ff2db
      @Ryan-ff2db Před 13 dny +1

      You are absolutely correct. As I posted in another comment, cell pricing was at $110 per Kwh mid-2023 and is in the $76 range today. CATL now predicts $54 per Kwh by year end and $40 next year. It will take some time to work its way through the many product lines but we're already starting to see price reductions on many battery products. If your experienced enough to make it yourself, you could build a battery for a lot less than $1,000 very soon.

  • @henrycarlson7514
    @henrycarlson7514 Před měsícem +1

    Interesting , Thank You . I hope every thing works

  • @stevepailet8258
    @stevepailet8258 Před měsícem +2

    What seems to me to be one of the DIY dealls at the moment is the apexium DIY battery $420 plus shipping for the box and $30 -$50 to populate with 16 pieces 320ahr batteries putting it into the $1000 to $2000 range for a 15000kwh battery

  • @matthewhuszarik4173
    @matthewhuszarik4173 Před 19 dny +4

    Lithium reserves will not sink there is far more than enough Lithium to build all the batteries anyone wants. If supply wanes alternatives will pick up the slack.

    • @geauxracerx
      @geauxracerx Před 14 dny

      There have been several deposited of lithium found in Nevada, Oregon, and Pennsylvania recently. Between 20,000 and 40,000 kilotons

  • @richardfahrney7139
    @richardfahrney7139 Před měsícem +5

    Additional battery supply was also created when the auto manufacturers reduced their forecast of electric cars. The battery manufacturers had orders in 2022 from them that were dramatically reduced.

    • @solarprosteam
      @solarprosteam  Před měsícem

      Correct, that it playing into the oversupply factor for the raw material costs.

  • @gowanduff7501
    @gowanduff7501 Před 23 dny

    Thanks for this overview of the solar and battery market in the United States. You have some advantages in the subsidies available to US based consumers in the Inflation reduction act. In New Zealand, we had some incentives for the purchase of Electric Vehicles, but it expired at the end of 2023.
    But as you have pointed out the primary driver of uptake of Solar energy storage Batteries is Innovation and market forces. An updated and genuine illustration of supply and demand, as learned in Economics 101 playing out in real time in 2024.

  • @keithjansen1734
    @keithjansen1734 Před měsícem +1

    One factor could be many people who would be possible buyers of battery systems have already purchased theirs and therefore those people are less likely or not likely to purchase anymore taking them out of the market.Also the economy dictates the industry to lower prices or not make sales.

    • @solarprosteam
      @solarprosteam  Před měsícem +1

      In fact, the percentage of homeowners in the USA who have solar and have a battery system connected is well under 15%. I would say that their is a large area for growth, as long as costs continue to come down.

  • @macmcleod1188
    @macmcleod1188 Před měsícem +11

    Batteries have been dropping for decades. They are still too expensive. I buy them for disaster recovery purposes. I recently went through 7 days without power. Solar and Batteries was part of the solution (but the major part was still a propane generator).

    • @jxmai7687
      @jxmai7687 Před 3 dny

      Fit one with solar on the Van, very useable, also can charge engine battery.

  • @sophiegrisom
    @sophiegrisom Před 25 dny

    I bought an EA Sun 5.1 kWh battery. $1500 cost (w/ shipping) was about same as my 6 kW inverter (EG4 6000XP). EG4 recommended twice the battery, but mine suffices for my need of getting thru the "4 to 8 pm peak Summer rate" after solar tapers off. Wasn't going to pay $2500 for twice the battery. I can add more battery as prices drop. It hangs on the wall beside the inverter, looking clean and slick. 100 lb which I might have "bench-pressed" onto the hanger, but didn't want to risk dropping the beast so used my hydraulic engine lift.

  • @Ryan-ff2db
    @Ryan-ff2db Před měsícem +33

    CATL is quoting prices as low $56 per kwh by the end of this year. Assuming no additional tariffs, this is a significant reduction from current pricing.

    • @tibsyy895
      @tibsyy895 Před měsícem +4

      Per kWh now it's around $660!
      You saying it's gonna be $56?
      I don't see that coming!
      Source?

    • @2hotscottpro
      @2hotscottpro Před měsícem +1

      I heard the same but not with yer math.

    • @ronbridegroom8428
      @ronbridegroom8428 Před měsícem +8

      @@tibsyy895 I suspect he is quoting raw prismatic battery cost. You $660 per kwh is very high but might be correct for ripoffs like Tesla and similar solutions. Go with a solar generator, ground mount solar system if you have the room and a solar generator with a transfer switch and be off-grid as much as possible

    • @free_stylabro6490
      @free_stylabro6490 Před měsícem +1

      In South Africa you can pay as low as $150 per KWH for LFP batteries. I think tariffs in the US for Chinese LFP batteries will increase that price to at least $300. I think margins will also be higher your side so more than likely $400 retail price.

    • @Ryan-ff2db
      @Ryan-ff2db Před měsícem

      @@tibsyy895 Source is CATL itself on their website. This is at the cell level, which currently is around $100 to $120 for LFP.

  • @mfgxl
    @mfgxl Před měsícem +3

    It might already be to late, as 25% tariffs on batteries are here.

  • @callmebigpapa
    @callmebigpapa Před měsícem

    They have meter collars for EV chargers too. Will Prowse can install a battery in minutes but he has everything setup and does it every couple weeks. Sodium Ion will crush LFP for home storage.

  • @jamesalanstephensmith7930
    @jamesalanstephensmith7930 Před měsícem +1

    Could it be that new tech/differing chemical makeups and competition to oust Li batteries (supply) dominance?

  • @Off-Grid
    @Off-Grid Před měsícem +1

    I don't see battery prices lower as I brought 24 AGM Batteries for our system in late 2019 for $590/ea. The same batteries are not $710/ea.

  • @antoniog9814
    @antoniog9814 Před měsícem

    Can you please do a video on panel maintenance? Installing panels on the ground makes cleaning them easy, but not all houses have enough yard area for that.

    • @solarprosteam
      @solarprosteam  Před měsícem

      I would, however it is not super complicated. I recommend hiring a local solar panel company to come out 1-2 times a year, usually after spring and summer time to clean the panels. Shouldn't cost more than $150 for the average sized system

  • @acanadianineurope814
    @acanadianineurope814 Před 10 dny +1

    still waiting for Ecoflow to drop their battery prices, wonder how much longer I'll wait

  • @georgeturner301
    @georgeturner301 Před 19 dny

    My priority is "Back UP Power". So, I have been working systematically. When I move, everything will come with me. Resulting in lower cost per Watt-hour.

  • @jasonbroom7147
    @jasonbroom7147 Před měsícem +4

    The biggest concern I have is all of the meddling in the free market (government "incentives" and tariffs) that will drive the price of both PV panels and various battery solutions back up again, but mostly for domestic suppliers in the US.

  • @cobom1628
    @cobom1628 Před měsícem +1

    I made the plunge with a Bluetti for partial home backup and Delta Pro for an off grid workshop. I am banking on being able to expand at a fraction of my initial cost. I realize technology will change, capacity will only get better. In my opinion the companies that will thrive will be the ones that can seamlessly upgrade or replace my existing batteries. As adding panels, transfer switches, etc can cost more than a fairly large capacity battery. Get me a plug and play bidirectional V2H EV charger and Ill be happy.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      You're talking about Hobby gear, you're not even in the same ballpark. This guy is talking about long-term high-quality residential installations with 10 year warranties.

    • @cobom1628
      @cobom1628 Před 15 dny

      @@boblatkey7160 My hobby gear cost a fraction of a 'useless 10 year warranty' - runs my workshop and critical load panel perfectly fine while leaving me enough cash for additional solar and later expansion. Just because YOU think it requires an 'expert' does not make the rest of us idiots.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      @@cobom1628 that's fine, check back in a couple of years and we'll see if it's still working! 😂😂😂😂 have fun with Chinese customer support!

  • @TheRealAfroRick
    @TheRealAfroRick Před 8 dny

    Prices are following the traditional model for product (both for whole home battery systems and for solar panels). We're getting out of the early adopter phase and mass market prices are necessary to sustain market growth. Because the audience is larger, there are more providers trying to tackle this which is part of what is leading to the over supply. This is driving prices down. While the demand is there for this market, higher prices aren't sustainable so profit is being driven through economies of scale over the larger demand. We won't see a price bump until the cycle changes with some new innovation.
    It's turtles all the way down from here.

  • @christopherj2231
    @christopherj2231 Před měsícem +4

    Perhaps the use of sodium instead of lithium will keep the price low?

    • @boblatkey7160
      @boblatkey7160 Před 15 dny +2

      They should be coming soon, but by 2030 market estimates are still over 80% lithium.

  • @willm5814
    @willm5814 Před měsícem +2

    Great summary! Subscribed!

  • @vincentrobinette1507
    @vincentrobinette1507 Před měsícem +2

    Breakthroughs in recycling technology should help reduce the cost of the raw elements used in batteries. There will come a point, where no additional mining will be necessary to maintain the market. The only mining from then on, would be to expand the market. Once those materials are in the market, they too, will remain in the market. That eliminates pollution from disposal, as well as provide a cheap source of the raw elements.

    • @Ohiostategenerationx
      @Ohiostategenerationx Před měsícem

      That does sound good but it's wrong though. Look at plastics. Recycling is a myth. There's enough plastic in this world to never have to produce anymore ever again. But it's still way cheaper to make new plastic then it costs to recycle it and reuse it. Only about 10 percent is actually recycled the rest is sent overseas for poor countries to deal with it.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      Maybe like plastic bottles where it is actually more expensive to recycle a plastic bottle than it is to purchase raw virgin polyethylene? 😂😂😂

  • @natesdiysolar
    @natesdiysolar Před měsícem +1

    I'm building 15kwh 48v batteries for $1700 to $1900 depending on cells used.

  • @superkent7203
    @superkent7203 Před 7 dny

    It depends on which country you are . Labour cost in first world countries is very high and made worse if you live in rural areas where there is only a handfull of installers and competition is less. Even if you have $2000 solar battery but labour cost is also $3000 then buying the solar battery is not worth buying.

  • @ekeretteekpo3004
    @ekeretteekpo3004 Před měsícem +2

    I'll believe it when I see it.

  • @anubis2814
    @anubis2814 Před měsícem

    You appear to have forgotten or be unaware that sodium ion batteries are moving onto the market as ell and giga factories are going to be ramping up in the next few years and will free up a lot of lithium batteries for cars. .

  • @Bemx2k
    @Bemx2k Před 22 hodinami

    I am still waiting for sodium ion batteries for my solar installation , I need 20kWh energy magazine for less than 3000$

  • @Benozurman
    @Benozurman Před 4 dny

    Capacitors makes more sense in my opinion. They don't need to hold every for a long time and are basically indestructible.

  • @daniele_go
    @daniele_go Před 27 dny

    It looks like you forgot to mention Plug&Play home batteries

  • @bradspaugh9827
    @bradspaugh9827 Před 22 dny

    I looked at the fortress power batteries and they are still about the same price as a year or 2 ago.

  • @craigdawson7632
    @craigdawson7632 Před měsícem

    What about salt ion and other new battery tech dropping the price of the older tech?
    Also higher levels of adoption.
    Battery shipping costs to NZ is still rough, our smaller market doesn't help, we also have cheap ish power & a lowering buy back. So payback period is longer. $0.23 NZD/unit, but you can get deals with lower night rates, free power hours off peak.
    For a short term payback a system spec'd for peak usage in the middle of the day, self installed with no batteries makes sense. Or your off grid and it costs to much to get power to site.

  • @GG-si7fw
    @GG-si7fw Před 26 dny +1

    Lithium extraction by geothermal process has lowered the price by making lithium available quicker to be processed. Look at what's happening in the Salton Sea and El Dorado, Arkansas. It's the new way of getting lithium out without the environmental impact.

  • @blue_beephang-glider5417
    @blue_beephang-glider5417 Před měsícem +1

    Gelion Batteries keep working don't catch fire on a BBQ grill.
    Once these are available for sale they will be on my house...
    QED

  • @vxnova1
    @vxnova1 Před měsícem

    This is great news, more people will be able to afford them now,

  • @pl2996
    @pl2996 Před dnem

    It will go down even further. Look at Ecoflow. That a have a TON of options even within the same capacity. It's oversaturated. Also, a diff topic but the portable power station category is giving competition to fixed home battery systems. Costco right now has a 18kwh system for 8,000. I do believe that holding out will be the wise choice as I think the market is very saturated with offerings.

  • @kwesty1
    @kwesty1 Před 20 dny

    I have a Tesla PW3 with the meter collar. Tesla did the install. At the time I paid cash for the system and did not get a 2nd battery. In hindsight, having the second battery would have been the way to go. I think by the end of the year I'll get a second.

    • @solarprosteam
      @solarprosteam  Před 20 dny

      Are you in the Bay Area? How long was the install timeline?

    • @kwesty1
      @kwesty1 Před 19 dny

      @@solarprosteam Sacramento area. It went very fast. I contacted them in late Feb, everything was done by end of May. It would have been done sooner but I had some conflicts with scheduling dates. We got PTO from PGE within 2 weeks of final inspection as well. That was a real surprise since we were told it could take up to two months.

    • @solarprosteam
      @solarprosteam  Před 19 dny +1

      @@kwesty1 Good for you guys. Best of luck with the system!

  • @haanjamiis
    @haanjamiis Před 4 dny

    About time. ATm a car with battery costs the same as home battery with the same capacity. It's nonsensical. That said, I haven't seen any noticeable price reduction yet.

  • @boblatkey7160
    @boblatkey7160 Před 15 dny

    LG Home 8 complete system is 7.5 kW inverter with 14.4 kWh useable energy for $7,400.

    • @mark123655
      @mark123655 Před 14 dny

      But that's $500/kWh, for a battery that is getting nearer to $60/kWh wholesale.

    • @boblatkey7160
      @boblatkey7160 Před 14 dny

      @@mark123655 $60 per kilowatt hour? That is an absolute joke! You are totally misinformed! 🙄

  • @StephenRoss-po1rp
    @StephenRoss-po1rp Před dnem

    Not sure why he is wearing Arc flash gear when main power is cut

  • @tomorr9100
    @tomorr9100 Před měsícem

    Check out Wright's Law, basically a doubling in production reduces costs by 10-15%

  • @Rkcuddles
    @Rkcuddles Před 20 dny

    Wish you pointed out that the tax credit only works if you paid batteries with solar

  • @retireearly7223
    @retireearly7223 Před měsícem +1

    In addition to tax credits to battery manufacturers, the IRA provides 30% tax credits to homeowners and businesses who buy and install solar and/or battery systems. These credits are good until 2033, giving manufacturers confidence to expand battery manufacturing facilities. In 2034, the credit drops to 26%

  • @PWoods-cd6tk
    @PWoods-cd6tk Před 7 dny

    Aren't the meter collars only good for 30 amps? You can't run everything with that.

  • @peteroffpist1621
    @peteroffpist1621 Před měsícem +1

    Prices will drop even more. Wait buying. Battery production volumes are going up, same way that flat tv screens and solar panels that are still falling in price. 1 hour installation is the way to go.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      One hour installation is fantasy land for people with high-end homes and lots of large inductive loads.

    • @peteroffpist1621
      @peteroffpist1621 Před 15 dny

      @@boblatkey7160 There will always be exceptions, but in general the main panel is in an accessible area on all houses and if there is a garage or carport it’s close by and so on.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      @@peteroffpist1621 understood, I've only been doing it for about 25 years

  • @norbertdapunt1444
    @norbertdapunt1444 Před 26 dny

    Awesome.

  • @duniek86
    @duniek86 Před 12 dny

    lifepo4 280ah cells -2 years ago cost about 150$, year ago cost about 100$ or more - now about 50-60$ - also almost brand new batteries from salvage cars drop signifinacantly - 1-1,5year ago 60-70kWh kia battery cost about 7500-8000$ in my country, now 4500-5000$ - I am wondering IF or WHEN 1kWh will drop to about 10$

  • @Preciouspink
    @Preciouspink Před měsícem +2

    Hold out.California needs them

  • @shdwbnndbyyt
    @shdwbnndbyyt Před měsícem

    It also looks like Pennsylvania may become a major source of lithium... fracking waste water brine.

    • @majorhavoc9693
      @majorhavoc9693 Před měsícem

      But watch, the batteries made here will be double the Chinese ones.

  • @gterhorst
    @gterhorst Před měsícem +1

    How about sodium batteries? The cost should be lower and the are said to be safer.

    • @meikgeik
      @meikgeik Před měsícem

      It will take a few years for them to ramp up mass production to get anywhere near the prices of LFP cells coming out of China. Look up EVE lifepo cells, they're insanely cheap. Also of note: many of the sodium cells currently on the market from overseas vendors are not actually sodium cells, but LFP cells they're lying about. There are very few sodium cells actually making it onto the market yet, and the feedback on them is that they're clearly a first generation product, and not ready for most people.

    • @gterhorst
      @gterhorst Před měsícem

      @@meikgeik the newest Chinese batteries from CATL seem to be sodium ion aswell.

    • @gterhorst
      @gterhorst Před měsícem

      @@meikgeik also natron seems to have its own niche, in the NAS market.

  • @vevenaneathna
    @vevenaneathna Před měsícem +14

    lol people doing diy are saving 90% thats why imo. 16kwh lfp bat = $1400 now lol

    • @solarprosteam
      @solarprosteam  Před měsícem +1

      It just depends on what kind of battery system you are looking to invest into. If you are looking at using smaller LifePower4 48V batteries, and you have a hybrid inverter, it is going to be much lower cost. If you are looking at using a wall-mounted AC/DC coupled battery which has more functionalities, that cost will be higher.

    • @Green-Hatter
      @Green-Hatter Před měsícem

      Which battery?

    • @vevenaneathna
      @vevenaneathna Před měsícem

      @@Green-Hatter 4x 280ah 3.2v lifepo4 eve cells from china. 320 usd total for 4kwh. built my own 12v battery to replace my ev's old agm battery and wired up 200w of flexible solar on the roof to keep it charged up. back feeding my house with a 50w chinease microinverter which cost 32 bucks. the mppt charge controller from easun power 30a was 28 usd. i made a post in the gm chevy volt forums under the gen1 modifications section if you want to read more and see all the pictures i uploaded.

  • @matthewsocal2540
    @matthewsocal2540 Před 2 dny

    Can't be possible! We're in the middle of inflation. If we're not in inflation, clearly another example of the rich bilking their customers.

  • @jxmai7687
    @jxmai7687 Před 3 dny

    There is no over supply yet, it is just suppy increase push the price down, is supply to demand relationship.

  • @Meditations2024
    @Meditations2024 Před měsícem +1

    Without net metering, power companies are just precipitating their own demise.
    1 to 1 net metering saves them transmission costs. Removing that creates conditions where batteries make economic sense, which means less business.
    I'd fire anyone who suggested net metering is bad idea if I ran a power company. They are obviously incompetent.

    • @Icoach4free
      @Icoach4free Před 19 dny

      Why do you think it happened in Commiefornia first? Lmao

    • @simonpaine2347
      @simonpaine2347 Před 19 dny

      Have you ever experienced Communism? Or do you just believe everything that Fox News tells you?

  • @koskos758
    @koskos758 Před 16 dny

    The Solar Battery - WTF is that?! How about wind batteries?

    • @solarprosteam
      @solarprosteam  Před 16 dny

      You are correct in that there is no such thing as a "Solar Battery". What I am referring to are AC/DC Coupled wall-mounted deep-cycle batteries that are engineered to be paired with a Solar PV system. Not to be confused with small portable batteries, car batteries, or 1.5V batteries.

  • @Suburp212
    @Suburp212 Před 12 dny +2

    They will continue to fall.

  • @mfpears
    @mfpears Před 7 dny

    The "why" in "reason why" is redundant

  • @jamesjusick1462
    @jamesjusick1462 Před 17 dny +6

    Prices are falling because this is an elective purchase and people are broke

  • @dbnoho
    @dbnoho Před 24 dny

    As someone who just spent $4000 for an Anker f3800 and home panel… mmm.

  • @paperburn
    @paperburn Před měsícem

    Thank god.

  • @billdavis5483
    @billdavis5483 Před 6 dny

    So Solar Battery is just a battery or is it a unit combining a solar panel with a built in battery.

    • @solarprosteam
      @solarprosteam  Před 6 dny

      There is no such thing as a "Solar Battery". What I am referring to are high voltage wall-mounted deep-cycle batteries that are engineered to be paired with a Solar PV system. Not to be confused with small portable batteries, car batteries, or 1.5V batteries

  • @Sjrick
    @Sjrick Před 23 dny

    Now i know why Eco Flow just lowered their prices for their batteries.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      That's a different league, eco-flow is hobby gear.

    • @Sjrick
      @Sjrick Před 15 dny

      @@boblatkey7160 hobby gear ? lol thats the first time i heard anyone call it that. I was thinking of getting one for my home

  • @14lou
    @14lou Před měsícem

    Falling demand for BEVs

  • @MonkeyBusiness870
    @MonkeyBusiness870 Před měsícem +2

    cant wait till oil compaines start going belly up

  • @bkarun1972
    @bkarun1972 Před měsícem

    You have not factored in to Sodium Ion Batterries !! do your Research they have become more comparative Vs Lithium in terms of per KG energy density !!! 270/kg Vs Litium 250 to 300/KG and in few months will be equal !!!

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      Why don't you do your research! By 2030 the battery market will still be over 80% lithium! Sodium batteries are going to come but they are going to be slow and requires a lot of reworking of inverters and electrical control systems. Just because you read it in popular science magazine, doesn't mean it's gonna happen tomorrow!

  • @justinharmon8082
    @justinharmon8082 Před 19 dny

    Yaaaay, I can save hundres on batteries! (While spending thousands extra on all other consumer goods) thanks uncle Joe!

  • @ww-eg2gn
    @ww-eg2gn Před měsícem

    Sodium batteries are on the way in, and lithium is on the way out.

    • @majorhavoc9693
      @majorhavoc9693 Před měsícem

      Years away...

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      The market generally agrees that by 2030, over 80% of the battery market will still be lithium! 😂😂😂😂

  • @lancegrina1225
    @lancegrina1225 Před měsícem

    I believe the Nevada rare earth mineral mine was sold to the Chinese.

    • @kenandbarbie-b6c
      @kenandbarbie-b6c Před měsícem

      A security issue that would affect a key supply chain in a military crisis, don’t you think?

  • @stephenbrickwood1602
    @stephenbrickwood1602 Před měsícem +3

    Nuclear electricity biggest problem is that it is GRID ELECTRICITY.
    The Grid makes dirt cheap electricity expensive, extremely expensive in an all electric home with EVs or BVs.
    With Battery Vehicles, Electric vehicles, parked 23hrs every day, FREE storage is available.
    Rooftop solar PV and EV big batteries and no grid electricity is ezi pezi.

    • @kennethferland5579
      @kennethferland5579 Před měsícem

      Maybe If you work nightshift and your car were parked at home durring the day. But most workers work durring the day and will need a battery that stays at home, which means either having a traditional home battery or two BEV's which alternate being the stay-at-home battery while the other takes you to work.

    • @stephenbrickwood1602
      @stephenbrickwood1602 Před měsícem

      @@kennethferland5579 a standard wall outlet and trickle charging is all that would be needed.
      Wall outlet are very cheap.
      Not all work places will have them.
      But things will change.
      Some people will be very slow to change and petrol will be available for years.

  • @titigrewa824
    @titigrewa824 Před měsícem

    It’s simple, battery are expensive power, solar is way too cheap solar so you can have 15kwh of solar and a mere 28kwh of battery and you are pretty much sufficient for a normal 2adult 2 infants home. If there is no demand, prices are going down.

    • @phyllisclayton8320
      @phyllisclayton8320 Před měsícem

      And what is the cost of these batteries

    • @titigrewa824
      @titigrewa824 Před měsícem

      @@phyllisclayton8320 nowdays around 100$/kwh , I have bought for 55$/kwh but I can’t promise they are the same brand,longevity and quality as the more expensive ones

    • @dplalowski
      @dplalowski Před měsícem

      EG4 batteries x2 28.6kWh for $6,600

  • @tonylozano8574
    @tonylozano8574 Před měsícem +1

    One more variable why solar batteries cost has soften and that is the slow down in Electric Vehicle sales in the USA. Plus, the more popular EV choice - Hybrids.

    • @solarprosteam
      @solarprosteam  Před měsícem

      Yes, that ties in with the supply and demand factor for Lithium.

    • @simonpaine2347
      @simonpaine2347 Před 19 dny

      ALL vehicle sales have dropped in the US. EV sales have dropped less in certain categories. The main problem is with the quality of available EV'S in the US.

  • @BorgOvermind
    @BorgOvermind Před měsícem

    DIY took me 1h/bank build.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      Did you relocate selected circuits and take your entire home off the grid during the power outage? and what is your ability to handle large inductive loads?

    • @BorgOvermind
      @BorgOvermind Před 15 dny

      @@boblatkey7160 I'm fully off-grid. Grid is now as backup only. I don't have extreme inductive loads. My most power hungry loads are highly resistive (water boilers, classic heat radiators).

    • @boblatkey7160
      @boblatkey7160 Před 15 dny +1

      @@BorgOvermind good for you! Fellow off gridder, disconnected from the grid for over 20 years.

  • @Homesteadturcke
    @Homesteadturcke Před 27 dny

    There's no such thing as a solar battery. They are batteries.

    • @GGVicV
      @GGVicV Před 21 dnem +1

      dont take it literally, the kids are just saying it instead of the term solar power storage

  • @marcfruchtman9473
    @marcfruchtman9473 Před měsícem

    A lot of odd frequent edits in this video.

    • @simonpaine2347
      @simonpaine2347 Před 19 dny

      Not everyone is a natural in front of a video camera.

  • @grantbuttenshaw
    @grantbuttenshaw Před měsícem +4

    Battery prices are not falling

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      Yes, they are, I work for an extremely large battery manufacturer, and we have dropped our prices a number of times and we have a huge market share. And the only reason we have dropped, our prices is because we need to stay competitive in the market. So you're kind of full of it there buddy.

    • @grantbuttenshaw
      @grantbuttenshaw Před 15 dny

      @@boblatkey7160 who do you work for and what batteries?

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      @@grantbuttenshaw ?? Corporate social media policy! 😂😂🙄🙄

    • @grantbuttenshaw
      @grantbuttenshaw Před 15 dny

      @@boblatkey7160 ok...what batteries?

  • @herbertvonsauerkrautunterh2513

    The biggest problem in the USA, also from not using the metric system is not having 220v mains. Everything there is backwards

    • @FelonyVideos
      @FelonyVideos Před 13 dny +2

      We use 240 volts, so what's your problem with that? We split it and use 120V from each phase for small appliances and lights, but all large loads are 240vac. Every house has 240VAC mains. There is no issue.
      Also, there are two kinds of countries, those who use metric, and those who have sent men to the moon and brought them back safely. Tell me more about your country! 😂

    • @Ryan-ff2db
      @Ryan-ff2db Před 12 dny +1

      We have 240v in all but the oldest houses. They are used for stoves, dryers, water heaters, AC units, etc.. My EV charger is 240v at 48amps and my house was built in 1956. Not old for Europe but pretty old for the US. I agree with you on the metric system though.

    • @charliew8378
      @charliew8378 Před 12 dny +1

      If only these were the biggest problems in the USA…!

  • @DeveloperChris
    @DeveloperChris Před měsícem

    They need to fall a long way they are extremely overpriced compared to batteries for EV's. Thats before installation. They are something like 7 times more expensive.

  • @kenstaggs744
    @kenstaggs744 Před 27 dny +1

    Regulations will be destroyed by Trump… Nevada’s mine with change the marketplace.

  • @user-lx3mk4bl4v
    @user-lx3mk4bl4v Před měsícem +2

    Nice video. Thanks Biden for the inflation reduction act to help lower the cost of solar technology.

  • @martiruda
    @martiruda Před měsícem

    getting amazing values from china.

  • @larryjanson4011
    @larryjanson4011 Před měsícem +5

    plus people like Will Prowse, have show people how cheap and crapy the low end batters were built.
    but those communist chinese corps have stepped up there game. but not all.
    some of the better American brands have tried to lower there prices due to the cheap units coming in from china.
    but there people like me are priced out of the market. at tidays pricing i would still need $10 grand USD to buy the correct amount and style of battery i need. then the solar, but that would be killed of by a increase in my taxes. ( improvements what the calls it).

    • @majorhavoc9693
      @majorhavoc9693 Před měsícem

      You get 30% off on your taxes for everything solar.

  • @simon359
    @simon359 Před měsícem +1

    Some observations from a DIY person. Biden has doubled the tariffs on Chinese products, so I’m figuring this is on solar batteries, panels, inverters.
    A lot of the installers have gone bankrupt, leaving their consumers with no way to fix problems that may arrive.
    It’s never been easier to DIY your own system, especially if it’s off grid or hybrid. I would stay away from grid tide systems, as when the grid goes down your solar goes down with it.
    Also, it’s a bad idea to lease your panels, when you try to sell your house it will be much harder! People don’t want two different payments on a house they buy.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny

      Well, the build America program from Biden has also brought foreigners into America and they are going to build the batteries right here in America and skip the tariffs and provide tons of high paying jobs right in America.

  • @cormchm2853
    @cormchm2853 Před 16 dny

    This guy keeps using the term "Solar Battery". What is the difference between a "Solar Battery" and a battery? Nothing? Then why are we calling the batteries "Solar batteries"? I am open to correction.

    • @solarprosteam
      @solarprosteam  Před 16 dny

      You are correct in that there is no such thing as a "Solar Battery". What I am referring to are AC/DC Coupled wall-mounted deep-cycle batteries that are engineered to be paired with a Solar PV system. Not to be confused with small portable batteries, car batteries, or 1.5V batteries.

  • @offgridwanabe
    @offgridwanabe Před měsícem

    Home batteries are located in the wrong place we only need one battery and it should be in the automobile.

    • @solarprosteam
      @solarprosteam  Před měsícem +2

      That is a good point, but their needs to be a dedicated connection point for the automobile battery to discharge into a homes electrical panel in order for it to be of utility.

    • @meikgeik
      @meikgeik Před měsícem

      Maybe that works for you, but it wouldn't work for me. I want batteries in my cars, in my RV, in my house, and in my bikes. Why should my 3d printers stop printing from off grid solar stored in my batteries just because I want to take my car somewhere? Everyone's needs are different.

    • @offgridwanabe
      @offgridwanabe Před měsícem

      @@meikgeik Maybe when they are affordable but until then my car uses the most energy and needs the biggest battery so when it just sits in the driveway waiting for me to go somewhere I would like to take advantage of the huge investment in my battery. Not to mention the RV which sits in the yard 99% of the time if it had batteries it could supply my home most days.

    • @kennethferland5579
      @kennethferland5579 Před měsícem

      Please explain how you got the home Solar system to fit onto the automobile to charge it when your at work durring the day? Most people work durring the day and their vehicle is away from home durring nearlly all hours of sunlight. The only way what your describing can work is if being own multiple BEV's and alternate with one is drive such that one is always left connected to the home to recive power. Or if workplaces all have plugs to allow employee vehicles to soak up the daytime solar output.

    • @offgridwanabe
      @offgridwanabe Před měsícem

      @@kennethferland5579 Most of the new EV have a range large enough to last a week of driving to work so it could be charged on the weekend. More and more people work from home.

  • @Jrfeimst2
    @Jrfeimst2 Před měsícem

    Powerwall 3=9,300. Powerwall 2=8,400. Your math isn’t adding up.

    • @solarprosteam
      @solarprosteam  Před měsícem

      A Tesla Powerwall 2 was substantially more expensive than a Powerwall 3. About 35% more.

    • @AWildBard
      @AWildBard Před měsícem

      did you watch the video?
      installation times have improved significantly

  • @j.p.4541
    @j.p.4541 Před 27 dny

    I’m tired of the solar marketing hype. For the money we’re getting a (natural gas generator) installed for home back up. Not a battery
    No more wasting precious time adjusting solar panels every hour, that may or may not work because of the weather.
    Camping? Sure bring the battery. Otherwise look elsewhere. The technology just isn’t there yet.

    • @Icoach4free
      @Icoach4free Před 19 dny

      Natural gas?
      Like piped to your house by a regional provider?
      Or propane, like you own a tank and can have propane stored on your property?

  • @IJRPUBLIC
    @IJRPUBLIC Před měsícem +4

    Show me some real-world numbers.. not general statements. $18,000 for a 13 kilowatt battery is NOT a low price.

    • @IJRPUBLIC
      @IJRPUBLIC Před měsícem +1

      A Google search shows, "In 2021, you'd pay $12,000 for a 13.5 kilowatt Tesla Powerwall, and the cost has since come down a bit to $11,500 for a single unit. " I may be wrong, but that does not look anywhere close to a 40% drop in battery price. I am looking to buy. Please show me I am wrong.

    • @solarprosteam
      @solarprosteam  Před měsícem +2

      ​@@IJRPUBLIC In 2021, a Tesla Powerwall 2, along with the additional Tesla firmware necessary to connect and commission the system would have run ≈ $17,500. With the newer Powerwall 3, you will be looking at just under ≈ $11,000. Though, it will vary depending on the market you are in among other factors.

    • @majorhavoc9693
      @majorhavoc9693 Před měsícem

      Go to signature solars website and look at their rack mount batteries. 30.7 kwh rack of batteries for $7,443.00.

    • @boblatkey7160
      @boblatkey7160 Před 15 dny +1

      Well, that is not a real world number. You can buy an LG home eight complete system, which is a 7500 W inverter and 14.4 kWh of usable energy storage for $7200.. I installed everything myself and took the tax credit and my payback period Is 2.8 years.

  • @mikehughesdesigns
    @mikehughesdesigns Před měsícem

    I see you don't serve Nevada...

    • @solarprosteam
      @solarprosteam  Před měsícem

      The State of Nevada is the only state requiring home improvement salespeople to be W-2 of the company they represent.

  • @someguydino6770
    @someguydino6770 Před 20 dny

    sadly, this turned out to be mostly about a guy's face and his lost dreams of becoming an actor

  • @teaohar2
    @teaohar2 Před měsícem

    Irritating hand jestures.

    • @markae0
      @markae0 Před měsícem

      dont look

    • @teaohar2
      @teaohar2 Před měsícem

      @@markae0 I tried just listening, then I ended the video. Good topic!

  • @KA9DSL
    @KA9DSL Před měsícem

    When prices go down down down, and fires go up up up. Oh, I'm sorry, it applies to EV's.

    • @rob1andrews
      @rob1andrews Před měsícem +4

      Good news, fires have not been a problem for years. There have been 457 EV fires since 2012, fires have gone down by two orders of magnitude in the last five years. The ratio of fossil fuel vehicle fires vs. EV vehicles is over 3000 fossil fuels vehicle fires for each EV fire per mile driven.
      LiFePho batteries used in home storage do not even self ignite so do not cause fires. In fact the number one reason for a storage battery fire is a fossil fuel vehicle fire.