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Bulk-Buy Promises Australians Lower Prices Sooner

Author: Source: Datetime: 2016-10-10 14:17:25
battery storageAustralia’s first bulk-buy program for solar battery storage has launched, with more than 1,000 people in Newcastle expressing interest and more than 500 attending a sign-up event on Thursday night to buy home battery systems. From Friday, the program is being opened to people all around Australia.

The cost and complexity of solar power storage solutions, and the expectation that prices will come down , has so far discouraged purchases.

Until customer numbers rise it is hard for wholesalers, retailers and installers to bring their prices down, said Simon Sheikh, managing director of Future Super and a co-founder of the bulk-buy solar storage company SunCrowd.

“The problem is how to scale up the solar storage industry faster so as to reduce the costs for those companies,” he said. “If each company has got to spend $1,000 acquiring a customer, that’s $1,000 they’re going to put on top of the price. Solar storage industry is including solar powered portable generator industry.

Australians have spent almost $8bn on rooftop solar since 2007, says report.
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