“We’re committed to helping homeowners reap the benefits of going solar and our business partnership with Ikea is a significant step forwards for the renewable energy industry,” said Susannah Wood, head of residential solar at Solarcentury in a statement. “The cost of solar installations has dropped considerably in recent years and is in fact 100 times cheaper than it was 35 years ago.”
With prices for solar battery storage starting at around $3,970 USD — the home batteries are designed to work with existing solar panels, or as part of a new combined home solar panel / battery storage system that IKEA is selling.
The batteries will allow users to store electricity generated by the sun from their solar panels, and use it when they want. IKEA says that an average UK home with solar panels will typically consume around 40 percent of the solar electricity it generates, although, using storage, an average home can double its solar electricity usage to 80 percent, while electricity bills can be cut by up to 70 percent.