Naomi has installed solar panels on her house to generate electricity, reducing her reliance on purchasing electricity from a provider. However, excess solar energy generated during the day is not utilized or stored, leading to potential energy wastage.

Naomi is considering the installation of a battery storage system to store this excess energy for use during periods when solar generation is insufficient, particularly during the night or cloudy days.

She needs to determine if this investment is economically viable by assessing potential savings in electricity costs, and evaluating key financial metrics such as Net Present Value (NPV) and Internal Rate of Return (IRR) under various future electricity price scenarios.

• Determine the economic feasibility of integrating battery storage with existing solar panels.

• Calculate key financial metrics like NPV and IRR to assess investment returns.

• Project future scenarios of electricity prices to analyze their impact on investment profitability.

• Provide actionable insights to optimize decision-making regarding battery storage investment.

• Communicate the results of the economic analysis effectively for informed decision-making.