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Battery storage: the maths most installers won't show you

Batteries triple the upfront cost of a solar system. For most NZ homes the payback is 12+ years. Here's when they actually make sense.

A 5 kW solar PV system in NZ costs around $11,000–$14,000 installed in 2026. Add a 10 kWh battery and you're looking at $24,000–$30,000. That's roughly 3× the upfront for 1.5–1.7× the savings — because you're now storing power that you would otherwise have exported for $0.08–$0.17/kWh.

Batteries are worth it if:
  • Your retailer's buy-back rate is below $0.10/kWh
  • You're in a part of NZ with frequent power cuts and want backup
  • You have a variable-rate plan (Octopus Spot, etc.) and can charge from cheap overnight rates
  • You can pair it with an EV that exports back to the home (V2H — coming, not standard yet)
Batteries are not worth it if:
  • You're on a high buy-back rate already
  • You're using solar mostly for daytime export (no battery cycles)
  • You can't stretch the budget — a bigger PV array is almost always a better $/kWh saved

If a salesperson tells you "you save the same money with a battery as without", ask them to email you the model. They won't.

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