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Battery Prices

Battery Price Highlights:   August 2010


Summary

From a survey of 347 prices from 22 online retailers. There was a total of 31 price moves, nearly equally balanced between 15 increases and 16 decreases.

In July, there had been 7 price increases and 0 price decreases.

For batteries most commonly used the average is from $0.23367/watt hour to $0.2549/watt hour; and the high end industrial solution at $0.3572/watt hour.

Unlike like the methodology for the solar module price index computation (which separates out European based dealers from United States dealers), the Battery index pools all the prices in the survey and simply translates them in to either dollars or euros (no matter what the originating currency is).

The European index is simply the (worldwide survey) dollar index as represented in euros. It does not represent "European only" retailers. In the past month, the dollar weakened against the euro. As a result, the overall euro index was down to at 0.157 per output watt hour.

Unlike solar modules and inverters, batteries are a mature technology and a product that is used in volume outside the solar energy industry. Consequently, the opportunity for major cost breakthroughs over the medium term is limited.

Batteries are used in the substantial off-grid solar markets, but also in on-grid markets, where the customer requires power even during periods that the electricity grid is down. Batteries can account for around 15% of the cost of an installed Solar Energy System.

While there are many more Battery Manufacturers (click here to see listing) than Solar Cell Manufacturers, the market is segmented both by Battery Technology and location. Not all Battery Manufacturers serve the solar electric market.

Lead acid batteries can be categorized in different ways. The first is by the form of construction of the electrode plates, either as flat plates or tubes. Tubular plates offer larger capacities. The lead used to make the plates is generally alloyed with elements like antimony, selenium, arsenic, calcium or tin to optimize battery characteristics.

The second is according to whether the battery is vented or valve-regulated. In a vented battery, gas produced during over-charging can escape, but the lost water has to be replaced.

Valve regulated lead acid cells (VRLA) are sealed and the gas produced during over-charging at the positive electrode is re-converted to water at the negative electrode. A valve regulates excessive pressure build up.

There are two types of VRLA batteries. In one, the acid is absorbed in a glass mat (AGM) and in the other, the acid is immobilized in a gel. VRLA batteries, especially AGM types are more temperature sensitive than vented batteries and should be operated at temperatures close to 20°C for long life.

The high weight to price ratio means that where possible companies minimize transportation of batteries. Therefore, it is typical, for example, for a European Manufacturer to mainly serve European markets.

The Price Index is based upon "Price per watt hour" rating. This is not a perfect measure, since technology choice and other technical factors are relevant. However, the consistent approach in the Index provides an accurate guide on the direction and magnitude of changes.

The Index calculation is based upon the aggregate of all the prices divided by the aggregate output watts at 20 Amp hours. Consequently a price per watt hour at 20 amp hours of discharge is the result.

All Battery Index
US$/
per Output
Watt Hour
Euro /
per Output
Watt Hour
Aug
2010
0.207
0.157
Jul
2010
0.207
0.166
Jun
2010
0.207
0.168
May
2010
0.207
0.155
Apr
2010
0.207
0.153
Mar
2010
0.207
0.151
Feb
2010
0.207
0.147
Jan
2010
0.207
0.145
Dec
2009
0.207
0.137
Nov
2009
0.206
0.140
Oct
2009
0.206
0.140
Sep
2009
0.205
0.143
Aug
2009
0.205
0.143
Jul
2009
0.205
0.146
Jun
2009
0.205
0.148
May
2009
0.203
0.154
Apr
2009
0.203
0.154
Mar
2009
0.203
0.160
Feb
2009
0.205
0.160
Jan
2009
0.204
0.147
Dec
2008
0.204
0.159
Nov
2008
0.204
0.161
Oct
2008
0.204
0.147
Sep
2008
0.204
0.139
Aug
2008
0.204
0.131
Jul
2008
0.204
0.129
Jun
2008
0.204
0.131
May
2008
0.203
0.130
Apr
2008
0.203
0.128
Mar
2008
0.200
0.132
Feb
2008
0.201
0.137
Jan
2008
0.200
0.136
Dec
2007
0.198
0.141
Number and direction of Battery Price Changes


Our Battery price surveys typically show one of the smallest moves in product prices of any components in a solar electric functioning system.

Price Changes
Aug
2009
Sep
2009
Oct
2009
Nov
2009
Dec
2009
Jan
2010
Feb
2010
Mar
2010
Apr
2010
May
2010
Jun
2010
Jul
2010
Aug
2010
Number of Prices that Increased
0
0
53
8
18
14
32
15
2
6
14
7
15
Number of Prices that Decreased
1
5
1
24
1
2
17
12
5
12
19
0
16
Number of Prices Unchanged
394
389
331
357
385
370
347
368
382
359
315
343
316

Note the movement in the Index does not always move in the same direction as the ratio of price increase to decrease. This can be caused either by the changing mix of battery types or the magnitude of the price movements.
Size of Battery Price Survey


Survey Base
Aug
2009
Sep
2009
Oct
2009
Nov
2009
Dec
2009
Jan
2010
Feb
2010
Mar
2010
Apr
2010
May
2010
Jun
2010
Jul
2010
Aug
2010
Number of Companies in Survey
24
25
25
23
25
24
24
24
24
22
22
22
22
Number of Prices Tracked
395
394
385
389
404
386
396
395
389
377
348
350
347
Number of Product Models
137
137
132
137
142
134
134
134
133
131
134
135
136

Most product listings are from companies marketing out of the United States. These companies market solar products globally. There is less public display of prices in the key Japanese and German markets. However, the survey does include companies from USA, Germany, United Kingdom, South Africa, Australia, France, Brazil, and Canada. Exchange rate conversions are made on the date of the survey.

In order to retain consistency in the data, the prices are based on the purchase of one battery and are the lowest price displayed on the Internet site (sometimes, this price is described as a 'sale price'). Most sales companies offer discounts on multiple unit purchases and some companies offer to match the lowest price of competitors.

Major Battery Brands*

Major Product Brands covered in the survey are listed below. Click on the underlined names below to go to the Company websites or click here to go to names, addresses and contact details.

Northern
Battery
Bären Batterie GmbH
Delco
Resource
Commander

* some manufacturers market under multiple brand names

Battery Prices

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