How an electric car could cut your energy bills
With a cheap loan, the cost of installing a solar system with battery storage could soon fall below that of paying household energy bills. Systems fitted by certified installers are also VAT-free.
Today’s domestic solar systems are smart, so energy generated is used to supply the house first, then charge the home system battery to supply demands after sundown – and then, if both of those demands are met, any extra can be sold back to the grid under the Smart Export Guarantee scheme. It’s better than nothing but the SEG rate is small compared with the tariff paid, so the most cost-effective method is to consume all the energy the system generates.
Charging in daylight hours makes sure all the home-generated energy is put to the most cost-effective use if an EV is plugged in whenever it’s at home instead of only when the battery is low. Owners of EVs with vehicle-to-load systems like Hyundai’s Ioniq 5 could also make use of power stored during the day to avoid drawing from the grid.
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