Australian commercial market predictions in 2023

Jan 11, 2023

Facing many setbacks from the COVID-19 pandemic, the Australian commercial property market somewhat showed some positive trends in Q1 of 2022[1]. Office and industrial sectors foresaw the importance of new office spaces and the need to hire more employees following the ease of COVID restrictions.

As the remote work mandate was lifted across the country, investors grew hungry to find better and more suited office spaces for their operations. This demonstrated a healthy flow of capital into the commercial real estate market throughout the first quarter of 2022.

As we approach the fall of 2022, the interest rates will be higher, and so is inflation [2]. How will commercial real estate respond to such alarming issues? If you are a buyer, seller, or investor of any kind, you will want to access the impact of rising inflation and interest rates on commercial real estate property; are there any positive sides to it, or just are the bearer of bad news?

Investing in Commercial Real Estate in 2023

Commercial real estate in Australia, especially commercial real estate in Melbourne and across other major cities, is always topical to local and foreign investors. If you are considering a possible real estate transaction right now, you will want to have a clear assessment of how commercial real estate in Melbourne and other big cities is going to be in 2023.

With the constantly growing inflation, banks are bound to throw higher interest rates on bank loans to curb inflation. This creates an unwelcoming scenario for businesses or individuals in pursuit of commercial real estate loans. Furthermore, rising inflation means an increase in construction costs that will escalate the cost of commercial properties to new heights.

Higher interest rates mean a loanee has higher loan repayments and will be reluctant to apply for a mortgage. This will reduce the number of buyers in the current market, which means less competition. This constricts the population of potential buyers in the commercial real estate market. Those with robust finances will be the only ones pulling the strings in the market when interest rates are higher.

If you have adequate cash flow to invest in commercial properties right now, this can be the right time for you to enter the market and find the best deals upfront. Commercial real estate in Windsor and Caulfield are two of Melbourne’s growing commercial centres. There are high chances of finding the right commercial property for your office spaces in those cities. You can find the best deal on commercial real estate in Caulfield and Windsor with Axis Property.

One more considerable impact of higher interest rates, which is the current scenario in Australia, through less interested parties in the market is a drop in property prices. Fewer buyers imply an oversupply of commercial properties in the market, and when supply is high, the price will move ahead in the counter direction.

A period of over-supply of commercial properties will give new investors a chance to grab desired property for a relatively lower price before the market sets course towards correction. If you are in correlation with an experienced property management agency, the year 2023 sure can land you the best deals on the commercial real estate market.

Owing to several factors; key market drivers, the commercial property market is one of Australia’s financial hubs in constant influx. Market drivers such as supply and demand, interest rates, population density, and economic state come into play when accessing (based on data) the market.

If you are a commercial real estate investor, you must have a keen eye on these subjects before making a play. Axis Property makes it easy for every client to manoeuvre speed bumps in their journey through Melbourne’s commercial real estate market.

Axis Property is a leading property management agency in Melbourne that handles hundreds of commercial properties inside this beautiful metropolis and its suburbs. All you need to do is to list your commercial real estate with Axis Property and acquire reliable services related to commercial property management in Melbourne and its suburbs like Caulfield and Windsor.

Find the best deals on commercial properties in Melbourne, Windsor, and Caulfield with Axis Property. Windsor and Caulfield are two of Melbourne’s fastest-growing commercial hubs boosting hot properties for investors to buy or lease. This can be your opportunity to strengthen your commercial real estate portfolio with the best deals in the market right now.

How to Make Online Payments for CESC Electricity Bills After Due Date

Dec 26, 2022

Electricity bill payments received after the due date are subject to late fees, penalties, and service interruptions, as it is a standard policy. Late payments do not absolve the defaulting customer of the consequences. You might experience suspension of electricity supply by the terms and conditions for late payment. For a swift Calcutta Electric Supply Corporation (CESC) online, you can carry out transactions via Airtel Payments Bank. This will help you avoid additional delays and charges on your bill. So let’s look at how to make your CESC bill payment online after it has passed its due date.

How to make your CESC bill payment online after it has passed the due date?

The majority of fees will be added to your subsequent electricity bill if you pay fines after the due date. However, if you recently paid it, late fees might still be automatically applied due to payment systems. However, a late fee is set by electricity operators, so you might not have to guess how much you’ll have to pay.

The steps listed below will help you understand how to pay your CESC bill after the due date with Airtel Payments Bank.

CESC bill payment via the Airtel website

Go to the Airtel website and sign in to your account.
On the homepage, click on “Electricity bill.”
Enter West Bengal as your UT/state.
Choose CESC as your biller.
Enter your customer ID.
Fill in your Billing Unit (BU).
Check the status of your electricity bill, and click “Fetch Bill.”
An OTP (One-time password) will be sent to your registered mobile number.
Enter the OTP and continue with the bill payment.

CESC bill payment via Airtel Thanks App

Navigate to the Payments Bank Section in your Airtel Thanks App.
Select ‘Electricity Bill.’
Choose West Bengal as your UT/state.
Pick CESC as your operator.
Enter your CA number as it appears on your bill.
Proceed with the payment by clicking on Pay Now.

How to Check CESC Bill Details Online?

You can view the details of your bill on Airtel Payments Bank. To check your CESC bill online, follow these steps:

Go to the website.
Navigate to the Airtel Payments Bank section.
Select “Electricity Bill” from the menu.
Fill in your consumer and biller number.
Enter your billing unit.
Tap “Fetch Bill.

On the left side of the screen are the details of your CESC bill, and on the right are the available payment options. This is another way to make your CESC bill payment online.

How to view and download the CESC bill online?

With the Airtel Thanks App or the Airtel website, you can easily download your CESC bill as a reference or to keep a record. To get started, follow these steps.

Log in to your Airtel account.
Choose West Bengal as your home state.
Select CESC to be your biller.
To view a CESC bill, select “Fetch Bill.”

The app allows you to check your CESC bill history and download your CESC bills. It only takes a single click to download and view your bill.

What is Experian Credit Score and How is Is Different from CIBIL Score?

Dec 23, 2022

Loan apps and credit cards have made financing easier than ever. Today, you can easily avail instant cash through a loan app or make new purchases using a credit card. But to conduct these borrowing and lending in a safe environment, lenders rely on the credit bureaus to give a detailed insight on your credit behaviour. These credit bureaus maintain a detailed record of your borrowing history, a record of your repayment behaviour, missed instalments, closure of old loans, details of your credit card usage and more. Based on all these details, the credit bureaus assign you a credit score ranging from 300 to 900. This score plays a very important role when you apply for unsecured loans like an instant loan.

There are four major credit bureaus in India – CIBIL, Equifax, Experian, and CRIF High Mark. The score assigned by Experian is called as Experian Credit score and the score assigned by the CIBIL is called a CIBIL score.

About Experian and CIBIL

A popular CIC in India, Experian is a Securities and Exchange Board of India approved credit bureau. It is the first company to receive its CIC license under the Credit Information Companies Regulation Act (CICRA) 2005. The CIC assigns credit score to both individuals as well as organisations based on their credit history records that it collects from across institutions.

Now, while Experian received its first CIC status under the mentioned Act of 2005, CIBIL is the first credit bureau in India. It is one of the most widely used credit bureaus for the purpose of accessing credit score of individuals as well as businesses. With credit records collected and maintained for over a 1,000 million customers, including businesses and individuals, TarnsUnion CIBIL is also the most recognised one in India.

The Experian and CIBIL Credit Score – A Common Ground

Before moving into the differences between the two bureaus, you must know the common points. The most important aspect is that the credit score issued by both the CICs span between the same range of 300 and 900. Also, the suitable credit score range for borrowing remains between 700 and 900 for both.

When availing a loan through a loan app a minimum score is not mandatory, but a high score from either bureau works in your favour. For borrower understanding, it is crucial to know that most popular loan apps rely on CIBIL for this score, especially for individual borrowings, as it is the widely accepted bureau.

Know How Experian Credit Score Differs from a CIBIL Score

Object of credit score issue

The CIBIL score is issued with the objective of determining the repayment capacity of the borrower. Alternatively, Experian issues the score for financial position determination of the entity. This objective also impacts their overall acceptability in the Indian context of lending and borrowing. For instance, you may thus find lending platforms like loan apps that rely on CIBIL score for determining your repayment capacity.

Calculating parameters

Even though the score ranges issued by the two bureaus are the same, the parameters they use for score calculation differ. Experian relies on the likes of loan record, current credit information transactions, account balances, etc., to determine the score. For CIBIL, these parameters vary across debt to income ration, credit utilisation ratio, credit mix availed, repayment history, and past repayment defaults to compute the score.

Acceptability

Given that CIBIL has its origin in India even though backed by the American company TransUnion, it is widely accepted as a CIC here. It was also the first CIC of India and has most financial institutions as its members. Contrarily, the exposure of Experian at this scale is missing, thus restricting its acceptability.

RBI approval

Credit score from CIBIL has also received the RBI approval for the purpose of assessing borrowing profiles. The Experian score has not received any such approval.

Conclusion

CIBIL score as well as Experian score are both credit scores assigned by these credit bureaus that help lenders assess the risk associated with your loan application. Though most of the parameters that both bureaus rely on to calculate the credit score are same, there are a few striking differences.

CIBIL uses the Empirical method to calculate your credit score, while Experian uses the FIFO technique to calculate the credit score. National institutes rely on the CIBIL score to take lending decisions, while, many global financial institutes rely on the Experian score.

Despite the differences, both CIBIL score and Experian score have distinct roles to offer for lenders as well as borrowers. Many lenders consider both the scores, or take an average of both the scores to analyse the risk associated with your credit profile.

How to Quickly Find a House in Today’s Real Estate Market

Dec 11, 2022

With the current state of the real estate market, finding a house can be an intimidating and overwhelming process. Whether you are looking to buy or rent, it is important to have a plan and strategy in place to help you find a house quickly{trouver une maison rapidement} and efficiently. Let’s take a look at some of the best ways to do just that.

Do Your Research

Before you even start your search for a new home, it is important to understand what type of property you are looking for. What kind of budget do you have? What neighborhoods are you considering? Are there any amenities that are important for you or your family? Once you have done your research about different types of homes, neighborhoods, and markets, it will be much easier for you to narrow down your search.

Utilize Technology

There are many great resources available today that can help make your house search faster and more efficient. Start by searching online with numerous websites which offer up-to-date listing information on properties in various areas. You can also use apps that allow you to search for homes right from your phone. These tools make it easy to find houses within your desired criteria quickly and conveniently.

Leverage Local Resources

While online resources may provide good information about houses in certain areas, there is no substitute for local knowledge when it comes to finding a house quickly. Talk to friends and family who live in the area or contact local real estate agents who may be able to provide helpful insight into the local market. They can also point out properties that may not appear on traditional listings sites but could still be great options for what you’re looking for.

Get Professional Help

Having an experienced real estate agent on your side can also be beneficial during your home-buying process. A good real estate agent will know all about the local market and will be able to guide you through the entire process from start to finish—from finding potential properties all the way through closing on your dream home.

To sum up

Finding a house in today’s real estate market doesn’t have to be stressful or time consuming if you follow these tips! Doing research ahead of time, utilizing technology, leveraging local resources, and getting professional help are all key components of a successful house search that can help ensure that you find exactly what you are looking for quickly and efficiently. Good luck!

How to Make Your Shoes Smell Nicer

Dec 1, 2022

Since our shoes house our feet, which have more sweat glands than any other part of our bodies, it is not hard to see why there may be times when said shoes become hot and moist. This is especially so if they have been worn for prolonged periods of time or when the wearer is taking part in activities that would make them sweat more, such as running, dancing, or hiking.

Unfortunately, one of the side effects of sweaty feet is a buildup of bacteria. Bacteria breed in dark, warm, moist environments. When this bacteria mixes with sweat, it can result in an acid byproduct that does not smell particularly nice.

So, while there is nothing that can be done about sweaty feet, there are things that can be done to prevent them from smelling bad. Here are just a few ideas:

Don’t Wear Your Shoes Every Day

We all have a favorite pair of shoes but if you are wearing the same shoes every single day, chances are they are not getting a chance to air out and dry. The longer your shoes stay warm and damp, the more bacteria will spread and the higher the chances of the shoes becoming stinky.

Clean Your Shoes Regularly

You should also get into the habit of cleaning your shoes regularly. Some shoes can be put on a cool wash in the machine, but others will need to be hand washed only. Whatever the recommendations are for cleaning the exterior of the shoe, you should give the inside a good clean with a cloth and some warm soapy water. Dip the cloth in the water and give it a good squeeze. You can then use it to get right inside the shoe. Allow it to dry and then sprinkle some baking soda inside. Leave this in for a couple of hours before removing by shaking out.

Some people like to spray their shoes with white vinegar after removing the baking soda. If doing this, the shoes should be allowed to dry fully before being worn again. Alternatively, you could use a shoe odor spray such as those made by ShoeFresh. These commercial sprays are designed to eliminate odors for up to three months.

Other Ways to Make Your Shoes Smell Nice

Essential oils are a terrific way to make your shoes smell nicer. Just put a couple of drops of your favorite scent on to cotton balls and put them in your shoes overnight. However, do not just try to mask the bad smell with a scent you like. You do need to clean the shoes first, and you should still avoid wearing your shoes every day.

You could also try different methods to make your shoes smell good. Some people like to place bars of soap inside their shoes while others will use tumble dryer sheets.

If you prefer your shoes not to have any smell at all, try charcoal briquettes or soda crystals in them. Just remember to remove these before you put your feet in!

Conclusion

Shoes can often become smelly, and this is typically caused by a buildup of bacteria combined with sweat. When shoes do not get a chance to air, bacteria can grow in the damp, warm environment. Over time, this produces a strong, unpleasant smell.

To prevent shoes from becoming smelly, you should avoid wearing them every day and get into the habit of cleaning them regularly. You can then use products such as shoe deodorizers, essential oils, bars of soap, or baking soda to make them smell nicer.

What is a broadcaster bouquet?

Dec 1, 2022

Gone are the days when television viewing was only limited to a select few channels. Today, you’ve got a huge array of channel packs to choose from. For example, the sports pack is meant for all the sports aficionados in your house, the movie channels for all the movie buffs and the list goes on. While the choice of content can depend on age groups, personal choices and more, there is no doubt that choosing the perfect channel pack is important for you (and everyone else in your home).

When you pick a channel pack for your DTH connection, you ideally look across a variety of channel packs. Now, amongst these channel packs, you will come across a variety of broadcasters too. Want to go the a la carte channels way? That could be expensive too. However, in the case of a broadcaster bouquet, you will get the same set of channels by the similar broadcaster.

Here’s an example for you to understand how the concept of broadcaster bouquet works. Let us take the example of sports channels for now. Now, in a single Sports Channel Pack, you will find a variety of broadcasters, such as DD sports, Ten Sports, Star Sports and more. However, if you choose broadcast bouquet plan from Star Sports, you will get the whole package of Star Sports channels, under one single channel pack. Therefore, if you are someone who wants to enjoy everything related to Star Sports under one umbrella, then a broadcaster bouquet pack is the perfect option for you.

Which is the best DTH connection to get a broadcast bouquet?

If you are looking for the best DTH plans in the market, then you will obviously come across a variety of DTH service providers. However, finding the best DTH plans isn’t easy, since there are a lot of service providers who promise a lot. But regardless of the high promises that they make, it’s not always possible for them to provide the best services.

If you are looking for an ideal DTH connection for your home, then these are some of the things that you should remember:

Your DTH connection should have broadcast bouquet plans in it.
There should not be any disturbances when you are watching content on your TV. Essentially, a connection upon which you can rely on.
DTH recharge should be easy too. It would be quite uncomfortable if you have a DTH connection, but you cannot get the monthly packs recharged easily.
You should also look for additional features, such as record & play, wide selection of channels and lots more.

Get an Android box

We would also suggest getting an Android smart set top box. Once you get a smart TV box for yourself, the entire TV experience gets transformed, and for the better. You get plenty of Android TV features, built in Google Chromecast, 4K picture quality, access apps on Google Play Store, stream OTT on your TV and more. All the smart TV features, without spending the same amount of money.

All these sound great to you? We suggest you look at the Airtel DTH recharge plans. They have a wide variety of channel packs, broadcast bouquet packs and lots more. Basically, everything that you would need from a reliable DTH connection.

The best villas with Gym in St Tropez

Nov 21, 2022

The South of France is the party capital of the Mediterranean, and St. Tropez is the biggest city there. Don’t bother with places like Ibiza and Malta. The South of France has some of the best beach clubs, nightclubs, restaurants, and beaches in the world. Staying in shape should be one of your top priorities on the French Riviera so you can go back to the busy cities ready to take on the world. Find the best villas in St. Tropez with gyms so you can stay in shape.

Villa Crete

The property is in a good location on “La Pointe de L’Ay” and has 650m2 of living space in a well-kept area. The well-kept garden gives you plenty of space and more privacy, so you can relax without being watched by nosy neighbors. The pool comes with a pool house, which is a great place to hang out in the shade. The villa has every luxury you can think of, like a game room, a movie theater, a fully stocked gym, and a spa area with a massage room, hammam, and sauna. The house, which can fit up to 14 people, is perfect for large families who want to spend a few weeks in the South of France. There are 7 bedrooms and 7 bathrooms in the house. It also has a modern kitchen that is fully stocked, a wine cellar, and a large living room and dining room. Visitors of the villa can also rent a boat in St Tropez to live their best life on the water!

Villa Margot

Villa Margot is one of the most luxurious places in St. Tropez, with everything you could want. The property has every luxury amenity you can think of, from a home theater to a fully stocked gym. She has a big swimming pool that is perfect for a well-deserved luxury vacation during the hot Mediterranean summer. The villa has a game room with a pool table that guests can use to have fun at night while sipping an amazing cocktail. Each of the eight bedrooms has windows that go all the way to the ceiling and a beautiful view of the swimming pool. The 190m2 living room is one of the most beautiful parts of the villas. It is a great place to hold a formal reception in the highest level of elegance.

Villa Ania

The Villa Ania is one of the best villas on the French Riviera for a reason. It is one of the most beautiful villas. It has a beautiful infinity pool with plenty of loungers for sunbathing in the lap of luxury. The large windows let in a lot of natural light, making it feel like you’re both inside and outside. Each of the 8 bedrooms has a view of the pool or the well-kept garden that can’t be beat, and they all have direct access to private terraces. The villa has a fully-stocked gym so you can stay in shape while you’re on vacation in the South of France. It also has a home theater to keep the kids busy during the long summer nights.

How To Use Social Media To Drive More Real Estate Sales

Nov 5, 2022

As a real estate agent, you have probably realized that the market right now is exceedingly competitive. Particularly with the market changing quickly, it is important for you to stay ahead of the competition if you want to boost your sales numbers. According to Joshua Furr, one of the most important marketing strategies that you have to use is social media. What are a few of the most important social media tips that real estate agents need to follow?

1. Focus on Promoting the Area

First, real estate agents need to focus on promoting the area, not just the house. Already, there are far too many real estate agents who are simply sharing general information about their listings. According to Joshua Furr, homeowners want to know everything about a potential area, not just the house. You might be able to boost your online presence if you share information posted on the official Twitter, Instagram, or Facebook page of the city. Then, those official accounts might share your real estate listings as well. This could help you get ahead.

2. Pictures Are Worth 1000 Words

Remember that pictures are worth a thousand words. Even though it might take some time to get the perfect picture of a listing, that is what you want to share on your social media posts. Of course, you should provide general contact information, but pictures and videos of your listings are incredibly helpful. Take the time to make sure the image is perfect. Do not forget to interact with people who ask questions or comment on your social media posts. If they know you are receptive to interacting with them, they may reach out to you for a showing.

3. Share Educational Tips

Finally, don’t forget to share some educational tips as well. Even though you want to focus on the house you are trying to sell, you also need to focus on what potential buyers need. Educate them on the process of purchasing a house. Take the time to share some common mistakes they need to avoid. Talk about common repairs that buyers need to know about. Even if the house you are trying to sell is not right for them, you may have a different property on the MLS that might suit their needs.

Use Social Media To Generate More Real Estate Sales

Ultimately, social media can be a powerful digital marketing tool for real estate agents. According to experts, such as Joshua Furr, there are numerous real estate agents who are having a difficult time maximizing the value of social media. Even though it does take a bit of training and experience, it can make a significant difference when real estate agents are trying to stand out in the crowd. Remember that there are multiple platforms out there, and you need to figure out where your target market hangs out if you want to drive more sales for your real estate firm.

Should You Buy or Lease a Property for Your Business?

Nov 5, 2022

The decision of whether to buy or lease a commercial property is one that many business owners face at one time or another. It might be that you are setting up a new business or you need to expand to a bigger premises because your business is doing well. According to the good folk at EXIT Real Estate Consultants in DeRidder, there is a lot to consider when choosing whether to lease or buy. While buying might be sensible for some businesses, leasing might be the preferable option for others. It is important therefore to consider the pros and cons before making a decision.

What are the Pros and Cons of Leasing a Commercial Property?

The biggest benefit of leasing a business is that you don’t have to tie up capital in a down payment that will almost certainly be required to secure a mortgage. Furthermore, buying a property means paying out for other services such as origination, appraisal, and closing fees.

With a leased commercial property, you are not responsible for repairs or maintenance to the structure of the property, but some lease agreements include a charge for maintenance. It is the landlord’s responsibility to make sure the building is maintained and that repairs are taken care of even if they are making you pay towards the costs. You are likely to have a fixed lease amount each month, allowing you to factor this in to your expenses.

Additionally, with a leased property you can move once your contract finishes. Moreover, you won’t have the headache of finding a buyer should you need to move to a bigger or smaller property.

The downside of leasing is that it can be expensive, and rent can often be higher than what you would pay for a mortgage. Your monthly lease payment is likely to include utilities, property taxes, maintenance, and insurance.

What are the Pros and Cons of Buying Commercial Property?

When you buy commercial property, you will instantly have an asset and you will own 100 percent of the building. The amount of equity you have in the property will depend on the down payment you make, but the more payments you make as well as potential increases in the value of the property will all increase your equity. If necessary, you can refinance at a later date to release some of that equity to use for the business.

If you buy a property that is larger than you need to run your business, you can lease some of the space to another business, thus earning an income that can be put towards the monthly mortgage payment.

Another added benefit of buying a commercial property is that you can change the internal layout and configuration should you need to. Provided you follow zoning laws, you will not have to ask permission to make changes.

With the good comes the bad, and for some businesses buying commercial property means tying up funds that they could use elsewhere in the business. Furthermore, it can be difficult to access financing for a purchase without an adequate down payment. Some lenders require businesses to put up between 10 and 40 percent of the purchase price as a down payment.

Conclusion

Whether to buy or lease a property for your business is really a matter of whether it will suit your circumstances. If your business has a lot of capital and is performing well, then it may make sense to purchase. However, leasing may be better if you think you might need access to that cash in a hurry and you want more flexibility about moving should you need to.

Should You Buy a Battery Pack with Your Solar Panel System?

Nov 4, 2022

You’ve decided that now is the perfect time to install a solar panel system in your home. You have been looking at the various options available to you and you know how much energy your home uses on average every year. With this information to hand, you can choose the most optimum performing solar panel system for your home. But now you have read somewhere that buying a solar battery is a good idea as well.

You might now be questioning everything you’ve already heard about solar panels and wondering if a battery is something you need. Or can you just install the solar system without one?

Is Battery Storage Essential?

The experts at solar energy company Vivint Solar explain that you can use a home solar panel system without a battery. The way a simple solar panel system works is that when the sun is up, light that hits the panels is absorbed and transformed into electricity for use within the home. While the solar panels will generate more electricity on sunnier days, they still workon cloudy days.

Without a battery, any excess electricity your panels generate is sent back to the grid and used by the utility company for its customers. When your solar panels are not generating electricity at night, the electricity needed to power your home comes from the grid. This means that while your solar panel system canhelp power your home during the day and save money on your bills at the same time, you will still need to pay for the electricity that you use when the panels are generating little or no power.

The Benefits of Having Battery Storage

If you install a solar battery system, any excess electricity your solar panel system generates will not be sent back to the grid and will instead be stored in the battery. You can then use this stored electricity at times of the day when the panels are not generating electricity. Like those times of the day when your energy usage is typically higher, especially if you go out to work during the day.

Solar panel systems allow you to save money on your energy bills buthavinga battery storage system as well means you can save even more. This is because the money you receive for the excess electricity sent to the grid is likely to be far lower than the cost of importing electricity back from your energy company. It would be far better to store that excess electricity for use in your own home.

Another benefit of having a battery for your solar panel system is that, with the right equipment, you will be able to disconnect from the grid in the event of a power cut. This will enable you to continue having access to electricity by taking it from your battery instead.

The rising costs of energy is another reason to think about a solar battery storage system. If you are not on a fixed tariff, you will be at the mercy of the utility companies and their ever-increasing prices. By generating your own electricity and storing the excess, the amount of energy you draw from the grid will be significantly reduced, protecting you from the brunt of the fluctuating prices.

Conclusion

While it is not essential to have a battery with your solar panel system, the benefits of having one are massive. The ability to store generated electricity for use when your energy needs are higher, such as early morning and in the evening, is a huge benefit that will save you money in the long run.