Ikea launches solar panel battery storage that could slash power bills

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Homeware giant Ikea has launched solar panel battery that could conserve homeowners hundreds of pounds a year on current bills – but cost thousands of pounds upfront.

Families with solar panels will be able to utilise much more of the power produced by modern battery systems.

Solar homes in Britain typically spend just 40 percent of power generated, or even less if they are regularly out during the day – unused power is transferred back to the National Grid.

According to Ikea, battery storage systems can drive up the amount of generated power used to 80 percent.

It means homeowners using solar panels solely save £380 off electricity charges but savings of up to £560 a year are up for grabs with storage.

The Government has now promised to fund £246million in battery technology with the purpose of saving households £40billion by 2050.

It comes after solar panel payments were last year cut and set to be fully phased out by 2019, making it far harder for families to survive the initial outlay for installations.

Rates for solar battery storage from Ikea start at £3,000, solar panels with battery storage come to almost £7,000.

Ikea predicts the costs will be regained through bill savings after 12 years.

Hege Saebjornsen, the country sustainability manager at IKEA UK & Ireland, said: “At IKEA we are always looking for ways to help customers take decisive actions at home for both the environment and their wallets.

“We know that our clients want to live more sustainably and together with Solarcentury we will help them to get more value from their solar panels and do just that.

“With energy bills already going up 15 per cent this year, there’s never been a better time for customers to take back control of their electricity bills and maximise their savings by switching to solar and solar storage.”