As one might guess, and according to the Engadget source report, the battery pack is very similar in function to the Powerwall devices we have seen from Tesla, one of the biggest names in battery technology nowadays.
In the Solarcentury news release it is claimed that "a combined solar home storage and panel installation can deliver annual electricity bill savings of up to 70 per cent". With figures like that, and with the likes of British Gas inflicting a 12.5 per cent electricity price hike upon customers, many people will be looking at ways to lessen their dependence upon the grid.
If you are interested in a combined IKEA Solar Battery Storage and Home Solar energy system they start from £6,925. If you just want the battery storage adding to your existing system you will have to pay a rather steep £5,000. Those prices include an IKEA Family discount (a loyalty card you can easily apply for).
I had a look at the installations cost for a system for my house and discovered that the storage battery added £3,000 to a new system install quote. However, it didn't seem to have such a big impact on estimated savings, as much of our electricity use is in the day time and we don't have an electric car.
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