In 2024, lithium battery prices in Sri Lanka for solar systems range from LKR 500,000 to LKR 1,400,000 (1,600−1,600− 4,500), while EV batteries range from LKR 2,000,000 to LKR 6,000,000 (6,400−6,400− 19,200).
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Battery energy storage system (BESS) costs have plummeted to Rs 2. 18 per unit, as reported to Parliament. The government is actively promoting affordability through Viability Gap Funding schemes and waivers on transmission charges.
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According to BloombergNEF's 2025 Energy Storage Systems Cost Survey, the global average turnkey BESS price dropped 31% year-over-year to approximately $117/kWh.
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Solar battery prices are $6,000 to $13,000 on average or $600 to $1,000 per kWh for the unit alone, depending on the capacity, type, and brand. Batteries with more than 25 kWh capacity for whole-house backup can exceed $25,000, not including installation.
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