Consumers can protect themselves from rising electricity costs and benefit from the smart power revolution
Saturday April 29th, 2017, GRAND DESIGNS, LONDON: Moixa, the UK’s leading home battery company, today announced at the Grand Designs Exhibition that it will be launching its £4,995 solar-plus-storage package, with finance – the only offer of its kind in the UK.
The package, targeted at homeowners, housing associations and other landlords, bundles a 2KWh Moixa Smart Battery with a 2KW, eight-panel solar photovoltaic system for an installed price of £4,995 including VAT. Moixa has been authorised by the FCA to broker credit arrangements to spread the cost of purchase.
Dudley Moor Radford, Moixa Managing Director, said: “We believe our solar plus storage deal is a market-leading offer. Now that it is available with finance, consumers can spread the cost of purchasing our technology over across a term of between 12 and 60 months. This will help protect even more customers from rising electricity prices and allow them to benefit from the smart power revolution, accessing smart tariffs and making money by supporting the development of a reliable, cost-effective, low-carbon electricity system.”
Customers will typically benefit by around £350 a year in electricity savings from their solar panels and battery and from feed-in-tariff payments. They will also receive £50 annual payments for making their battery capacity available through Moixa’s innovative GridShare aggregation platform to provide services that make the electricity grid more efficient, greener and cheaper to run, such as balancing demand and reducing the need for back-up power from coal, oil and gas.
Moixa will be exhibiting at Stand: B3 GRAND BUILD where there will be a Moixa Smart Battery on display – a compact (50cm x 30cm x 20cm), cost-effective, wall-mounted unit that fits easily into homes. In addition, Moixa technicians will be available to help homeowners calculate potential savings.
Customer savings are expected to grow over time. Electricity prices are forecast to rise 17% by 2020, and the introduction of smart tariffs from 2017 will allow customers with batteries to buy power from the grid when it is cheap for use at peak times. Moixa also expects to increase payments to customers as the market for grid services develops.
Storage and demand flexibility are two of three key innovations in a “smart power revolution” which could save consumers up to £8 billion a year by 2030, according to the National Infrastructure Commission’s Smart Power report, which refers to Moixa and its 250 home battery trial for the Department of Energy and Climate Change.
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Moixa Technology (www.moixa.com) is the UK’s leading home battery company. Along with smart energy sharing, we help everyone from individual homeowners, to councils and large property companies to manage and cut their electricity bills. We’re the partner of choice for leading installers, housing associations and utility companies.
Moixa’s solar plus storage bundle is a market-leading offer at £4995 including VAT to customers, for a 2KWh Moixa Smart Battery and 2KW of solar panels, including typical install costs. A 2KWh solar panel system alone typically retails at £3000-£4000 http://www.theecoexperts.co.uk/how-much-do-solar-panels-cost-uk
Electricity prices are forecast to rise from 15p/kWh in 2016 to 17.6p/kWh in 2020, a 17% rise – DECC: Updated energy and emissions projections: 2015 Annex M
About Moixa’s technology:
Moixa has an unrivalled track record in the UK home battery market, with over 10 years of research and development, strong international patents and pilots from 2010. It has installed Moixa Smart batteries in more than 600 homes nationwide with a combined capacity of over 1.3MWh and over five million hours of use. It has worked with councils and housing associations, energy utilities and network operators to deliver more than £5 million of projects.
It is an all-in-one Lithium Ion Phosphate battery system, requiring no additional equipment, and AC-coupled, so it can take advantage of smart tariffs by importing electricity from the grid when it is cheap. USB ports allow customers to charge mobile phones and other devices and can support efficient LED lighting, providing power even during outages. It has a 20-year lifespan and comes with an extendable ten-year guarantee.
Moixa has a nationwide network of installers to service the deal. Installers with customers interested in the offer should contact Moixa’s distribution partner PVKits Direct.