Sophia Costa, head of new business at Holu Solar said market analysts expect Brazil’s lithium battery sector to grow at a CAGR of 20% to 30% through 2030. “We have observed that the battery energy storage system (BESS) market is booming globally with the use of lithium-ion batteries becoming a reality in many parts of the world,” said Costa.
Historically, solar batteries have had a reputation for being prohibitively expensive, with many recorded instances where adding storage doubled the cost of a home solar installation. You can expect to pay between $7,000 and $18,000 for a solar battery.
Holu’s Costa observed batteries were prominent during the Intersolar South America trade show held in São Paulo at the end of August 2024. She added, hundreds of manufacturers are bringing energy storage products to Brazil.
Homeowners can expect to spend $150–$300 per year on general upkeep. The cost to add battery to solar system setups varies depending on installation complexity. In many cases, electrical panel upgrades are required, adding between $1,000 and $2,000 to the total cost.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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