For a cleaner tomorrow, a combination of technologies is necessary. Installing floating solar panels is a new way to use water bodies as extended solar power plants. Undoubtedly, this is a cost-effective way to conserve solar energy.

Lakes and other forms of water bodies are being used to float solar plants. According to some researchers, the efficiency of floating solar panels could be more than land-based panels. One of the factors is that the panels remain cool while being seated on the body of the water.

Floating solar panels can solve the problem of space at the same time. They usually occupy a lot of space and installing them over the water body can be an ideal solution. Water bodies which are not used for recreational or other purposes can be an ideal alternative to installing solar panels.

If you are interested in making extensive use of this technology, beware of the cost. Specialised tools will be necessary to install these special types of panels. They are completely different from the traditional ones.

Sustainable energy solutions like solar panels would require a solar battery. The cost of affording is concerning for you. However, since it is going to be a worthwhile investment, you can think of seeking external funding.

You can gladly approach a direct lender for instalment loans for bad credit as well. As this initiative is noteworthy, you should not face a lot of difficulties even when your credit scores are questionable. It would be a bad idea to still go ahead with borrowing if your financial situation is a total mess.

Do the needful to rectify your financial condition before taking this plunge. On the other hand, if you are financially stable and ready to embrace this new change, you should not worry about the cost of the solar battery.

You can find extensive information about it in this blog.

A low down on the cost of solar battery for floating solar panel

These batteries are an important element of the solar panel. Without it, this solar plant will not work, and thus, you cannot think of not installing it. They act like reservoirs where the extra energy from the sun, after converting, gets stored.

Thus, the whole purpose of installing these panels will fail if the quality of the solar battery is compromised. When the sun goes down, this stored energy can be utilised. Now, suppose the weather is not good, and the sun does not show up.

The additional energy held by the batteries can be used for different purposes. Providing electricity during the night and when the weather is bad is one of the common uses of these solar panels. Imagine if it would have been possible with the inclusion of solar batteries.

Your curious mind exploring the potential of reserving solar energy should understand how the cost of solar batteries can impact the overall investment. The various aspects that can alter the cost of the battery are:

·       Type of the battery

Having the appropriate battery for the floating solar panels is a must. The type can make a huge difference in the total cost of installation. The different types of batteries are lithium-ion, lead-acid and flow batteries.

Interestingly, all of them differ from the price point of view. You should not get any type of battery just to save some money. This, in the long run, might trouble you, and the cost of maintenance might increase exponentially.

The most commonly used battery type is lithium-ion. They are known for their high density of energy. The best part is that they can spend less money on maintenance.

·       Battery capacity

It defines the amount or quantity of solar energy the solar panel can store by using a specific battery. The capacity of the battery is denoted as kilowatt (kWh). The size of the battery will determine its capacity.

The larger it is, the more energy it can reserve in one go. However, with bigger sizes, you have to accept the high price. One of the safest ways for you to try to save money is to understand energy consumption first. Based on this, you can choose the capacity of the battery.

·       Cost of installation and maintenance

You need to install the battery and its price does not include the installation charges. Now, this payout can vary depending on how complex your set-up is. In contrast, a simple set-up can easily be installed without burning a hole in the pocket.

Furthermore, the maintenance expenses are another element when it comes to breaking down the solar battery cost. However, you can map out these expenses after ensuring the battery offers optimal functionality throughout its term.

It is true that solar batteries cannot last forever. However, choosing a manufacturer who offers the best warranty can be lifesaving. The longer the battery can last, the lighter the burden of cost.

Thus, choose the manufacturer carefully. This decision of yours can either give you peace of mind or anxiety.

·       Work of maximising efficiency to improve savings

This is going to be the additional and most important step you must pursue to save money on the cost of solar batteries. Now, you know the key elements that affect the overall expenses of using these batteries. Practise these below steps to be mindful of the environment and your pocket.

Energy independent: How and where you must utilise the stored solar energy is in your hands. You can opt for careful and sustainable use to maximise the efficiency of the battery. This will further ensure you do not have to save money on utility bills and invest in a better battery without facing any impact on your monthly budget.

Usage during peak hours: At a particular time in the day, electricity consumption remains at its peak. Naturally, you will have to pay more money for your consumption. You can switch to solar power during that particular period and keep your monthly utility bill within your budget.

The ultimate impact on the environment: The benefits of using renewable sources of energy are undeniable. When you use solar power, you are downsizing the carbon footprint impact. This could be your initiative to handle this extreme situation of climate change.

The bottom line

You want to take up this project of floating solar panel installation. Then, re-iterate and find out if the cost is affordable or not. It is impossible to exclude the cost of solar batteries, but it is possible for you to take out 12-month loans from direct lenders in the UK.

The best thing about loans is that you can portion out the cost of getting them installed. You can pay it upfront with the help of loans.  However, you get the flexibility to pay them back at your convenience over months.

This could be a suitable way to navigate the cost of solar batteries for floating solar panel installation.