Hello Jason,
I have gone through the figures which I supplied above because they don't seem very plausible (ouch, I didn't check them).
I made calculations myself. I have taken two current systems, both Li-Ion, because they will last longer, although they are on average 30% more expensive than lead batteries.
One is a system from SMA, the other from IBC Solar.
The SMA storage system has a usable storage capacity of 4,4 kWh.
It would last about 6000 cycles, which means it can last 20 years.
The system storage capacity will degrade about 0,5% a year (in 20 years from 4,4 kWh to 3,96 kWh).
This means the battery is able to store 83.380 kWh in 20 years (assuming optimal use !!).
This system costs € 11.500,- (without installation) and without German subsidy.
The cost per kWh would be € 0,138
The IBC Solar system has a usable storage capacity of 4,5 kWh.
It would last about 5000 cycles, which means is lasts 15 years.
We work with a similar degradation of 0,5% a year.
It is able to store 64.800 kWh in 15 years (assuming optimal use !!)
It costs € 9000,- (without installation).
The cost per kWh is quite similar: € 0,1388
I think this is a more suitable answer, although it is still pretty expensive.
In the German situation (feed-in tarif: € 0,16 and an electricity price of
€ 0,28 p/kWh) there is no solid business case. It can only be done with subsidy. A storage like the IBC Solar with a nominal capacity of 5 kWh, would receive a subsidy of € 3500,-.
Of course we didn't take into account a potential increase in electricity prices (during the lifetime of the storage).
Comparable figures can be calculated for other types of Li-Ion and lead batteries.