Queensland based solar company Redback Technologies have teamed up with EnergyAustralia to offer a “next generation” smart solar plus storage system, named the Redback Smart Hybrid – which is slated to pay for itself within seven years.
Redback Smart Hybrid System
According to the Australian Financial Review, the system will utilise smart technology to optimise use of solar panels and batteries depending on usage and weather patterns. It’ll also have an app which allows users to remotely control and monitor operation of the Redback Smart Hybrid system.
Estimates from EnergyAustralia say that a normal household with usage of 8000kWh / year will save around $1,500 a year with the Redback Smart Hybrid system (4.9kW solar array and 3.3kWh battery). That system would cost around $9,000, or $7,000 to retrofit to existing panels with some modifications to the inverter. One of the main bonuses of the system is that it’s modular – so customers are able to scale up if they’re interested in expanding. It makes use of the Redback Smart Hybrid Solar Inverter which is designed in Brisbane, and different batteries / solar panels depending on your circumstances.
Kane Thornton, CEO of the Clean Energy Council called the system an example of the “game-changing” tech currently coming out to help combat rapidly rising electricity bills.
Andrew Perry of Energy Australia was circumspect to the AFR about specific sales goals for the system, but did advise that they have “strong ambitions for growth”. It certainly seems like we are heading very quickly to the point where solar + storage is a no-brainer for certain types of consumer – especially with the ‘smart technology’ removing the need for spreadsheets and PhDs for those wanting to get a strong result from their solar investment. To get a system like this for under $10,000 is a great deal – we’ll be very interested to see how sales go over the coming months.
Redback Smart Hybrid vs Tesla Powerwall
Technically the Redback Smart Hybrid is just an inverter + smart energy management system, but the Smart Hybrid system being offered by EnergyAustralia is an ‘all in one’ system. In comparison to the Powerwall which is just an inverter + storage, it’s a bit difficult to compare them fairly. It is important to note that given the modular design of the Smart Hybrid, you’re able to ‘start off small’ with a 3.3kWh battery (as opposed to the Powerwall 2, which you can also add to, but only in increments of 13.4kWh) and grow from there.
The PowerWall is significantly more expensive than the Redback, and doesn’t include solar panels. However, if money is less of an issue and you’re prepared to wait, the Tesla Solar Roof Australian release date is currently “early 2018” and will undoubtedly be a premium solution for those who are interested in aesthetics along with quality.
It seems that both systems have their own niche depending on how much one wants to pay – but you certainly couldn’t be faulted for taking a look at the Redback Smart Hybrid price point and being impressed. If the smart tech works like they say it does, it’ll be a very powerful contender against all comers. Not having to worry about compatibility is definitely a big plus – although the battery / panels used may differ depending on your circumstances, EnergyAustralia will ensure the system fits together nicely.
The Redback / EnergyAustralia Partnership
EnergyAustralia invested $9.3m into Redback Technologies last October – their first major investment. The two companies have been working together on various projects including back in April where they inked a memorandum of understanding (MoU) to bring Redback’s solar tech to Dubai South for a pilot project.
Have a look at the video below which introduces Redback Technologies, their founder and MD Philip Livingston, and explains more about their partnership with EnergyAustralia.