Can LFP Battery save you money over time

Overview:

Will the higher upfront cost of an LFP battery save you money over time? Maxworld Power’s LiFePo4 Battery offers several advantages over the lead-acid battery, such as zero maintenance, longer service life, and faster charging time. Because of their long service life, you can reduce the number of times you have to change batteries. Read more about how we explain the total cost of ownership of lithium iron phosphate batteries compared to lead-acid technology. How this can save you more money in the long run.

Is the cost of lithium iron phosphate batteries higher than lead-acid batteries over time

LiFePO4 battery has a much lower total cost of ownership compared to traditional lead-acid batteries, improving competitiveness and profitability. Lithium iron phosphate batteries are sealed units that do not need to be replenished with electrolyte or periodate and do not require equalization of charging or cooling time. You just charge it, plug it in, and you’re ready to go. Considering lithium batteries last up to 10 times longer and require zero maintenance, the money you save on maintenance costs and battery replacements will make up for the larger upfront costs.

How long do LFP battery last

The Maxworld Power lifepo4 battery18650 can last up to 6,000 cycles at 80% discharge depth without degrading performance. The average lead-acid battery life is only 500-1000 cycles. The life cycle refers to the charging, discharging, and recharging of a lead-acid battery. LFP cell do not require active maintenance to extend their service life. Also, batteries have no memory effect, and you can keep them for long because of their low self-discharge rate. Lead-acid batteries require special maintenance. In the real world, that means battery lifepo4 solar can last about 10 times longer than lead-acid batteries.

How do you calculate the total cost of ownership

To calculate the total cost of ownership for the Maxworld Power 12V LiFePo4 battery 100ah, we performed a simple cost formula using three common G31 lead-acid battery technologies: Immersed lead-acid (FLA), Absorbent glass Pad (AGM), and gel.

LFP battery cost details

These are the elements that make up the total cost of ownership of an LFP battery:

The retail cost of the battery is the maximum cost of initial installation.

The labor cost of installing the LFP battery. 

This should be performed by professionals and in some cases must be arranged and dispatched to the customer site. The labor cost of installing any type of battery should be roughly the same, but for lead-acid batteries, the process must be repeated many times, as opposed to a single installation for the entire life of the Maxworld Power LiFePO4 battery.

The cost of maintaining batteries. 

Lead-acid batteries require maintenance, including checking and filling water levels, removing acid residues from batteries and terminals, and cleaning or replacing nuts, bolts, and cables that have corroded over time. LFP cells require no maintenance throughout the life of the battery, making them a more cost-effective solution.

Cost of LFP battery replacement.

Lead-acid batteries need to be replaced several times before lithium batteries need to be replaced.

Charging charges.

The nominal cost of charging a battery. This includes the need to overcharge lead-acid batteries to avoid delamination (buildup of lead sulfate on the panels). In our calculations, we assume that all batteries have a DOD (depth of discharge) of 80% before they need to be charged.

Perhaps the most critical factor in calculating how much money you can save by switching to lithium batteries is the number of cycles a battery has before it ends its life.

How can lithium batteries lifepo4 save money for your business

The advantages of lithium batteries can save you money in several ways.

1、Lithium iron phosphate batteries have a 100% rated capacity, which means that an LFP battery-powered vehicle can travel 1.5 times or further than an identical vehicle equipped with a similar capacity lead-acid battery.

2、LFP batterie also charge up to five times faster than lead-acid batteries. In addition, their fast charging and discharging rates make them ideal for a variety of applications. Fast charging reduces downtime and improves efficiency.

3、Opportunity Charging, in turn, eliminates the need for multiple batteries and battery shifts, since batteries can be recharged during rest or idle time. This reduces the risk of any accidents occurring during battery replacement and eliminates the need for battery slots.

Conclusions:

LiFePo4 battery price is still not the cheapest option on the market, and they tend to have higher upfront costs than other battery systems. However, LFP batteries last much longer and perform better than lead-acid batteries, and can save you or your business money overall. If you would like to learn more about how the advantages of Maxworld Power lithium batteries can help you benefit.