Why You Should Consider Adding Energy Storage to Your Solar Energy System
Energy storage can be co-located with or next to solar systems, or it can stand alone. Either way, it helps smooth out variations in how solar power flows to the grid.
For homeowners, energy storage is a peace-of-mind purchase. It gives you more energy self-sufficiency and moves you closer to getting off the grid.
Adding battery storage to a solar energy system is one of the most cost-effective ways to get the most value from your renewables. This is because battery storage increases your self-sufficiency and allows you to save more of the electricity your solar panels produce for use at night or when the sun isn’t shining.
In addition to savings on your utility bills, a battery can help you manage peak time-of-use (TOU) rates. Many utilities charge higher rates during the afternoon and evening peak demand times, so a battery can store excess solar energy for use at those higher peak TOU times, saving you money.
SMUD has an incentive program for customers who install a solar energy system paired with battery storage that is eligible for the federal investment tax credit and a $2,500 one-time interconnection fee rebate. This Solar Lithium Battery is a significant savings that can be used to offset the purchase price of the solar + battery system.
The levelized cost of storage (LCOSE) results show a greater sensitivity to battery power capacity costs than energy capacity, reflecting the fact that optimally sized systems are designed to meet specific tasks: short-term storage that can smooth output fluctuations due to passing clouds, or longer-term storage that can provide supply over days or weeks during a solar power outage.
Energy storage can increase the value of your solar investment by lowering your utility bills. Your solar installer should help you understand the benefits of battery storage and what options are best for your home. They may even have access to state and city-level incentives that stack with the federal Investment Tax Credit.
The most common reason for homeowners to get a solar energy storage system is to take advantage of time-of-use rates, where utility companies charge higher rates during periods of peak power demand (typically in the afternoon). By storing your solar energy and using it during those times, you can save significantly on your electric bill.
Additionally, a Solar energy storage system can provide backup power for your home during outages. This can be especially valuable in areas that experience frequent blackouts, or if your utility company has a poor reliability record.
Solar + Storage systems have evolved over the past several years, and it’s now easier than ever to design a smart battery system that will match your needs. Aurora Solar, for example, offers software that can predict your energy usage, analyze load off-set, and calculate smart battery sizing recommendations based on your priorities. The process used to be labor-intensive and involved a lot of guesswork, but now you can optimize your solar investment with confidence.
Increased Home Value
A solar system can significantly increase a home’s value and offer an attractive selling point. In fact, according to research conducted by the Lawrence Berkeley National Laboratory (LBNL), homes with solar power sold for a premium of 4.9% on average compared to similar homes without solar power.
This premium is primarily due to future energy cost savings. Many homeowners are looking to reduce their reliance on fossil fuels and gain greater energy independence, especially younger generations. According to a 2021 Zillow study, 67% of home buyers said that energy efficiency was either important or very important in their purchase decision.
Solar PV systems also offer a tax incentive in many states. This means that any homeowner who installs a solar PV system and maintains it well will enjoy the benefits of increased home value and reduced property taxes when they sell their home.
It is important to note that if you’re planning on selling your home, it is essential to ensure the current system remains with the house by taking steps to transfer ownership to the new owner. Make sure your energy company is aware of your plans to move, and ask them what their process entails.
It’s also a good idea to get your home’s solar system inspected by a professional before you put it on the market. This will ensure the system is in good working condition and will be in great shape for the next owners.
Peace of Mind
With climate disasters and power outages becoming more common in recent years, many homeowners are looking for backup power Solar Lithium Battery Manufacturer solutions. Solar energy storage batteries are an excellent solution for these circumstances, providing always-on clean electricity for homes. Homeowners who add battery back up to their solar systems will experience both additional electric bill savings and peace of mind in the event of a grid outage or other disaster.
Solar batteries increase the self-consumption of solar energy by storing excess electricity during the day to use at night or off peak times. They are also helpful if your utility uses Time-of-Use rates, which charge higher electricity prices during peak demand hours. If you are Net-Metered, every kilowatt of energy your battery saves and utilizes is one less that the utility company will charge at full retail rate.
Solar energy storage is a cost-efficient, environmentally responsible and long-term way to reduce your energy bills and protect yourself from rising utility costs. Full Spectrum Solar can help you find the right energy storage system for your home, including SunPower’s SunVault and Tesla’s Powerwall. Call us to learn more and see if you qualify for federal tax credits. Our team will guide you through the process and make it as easy as possible to switch to a cleaner, more affordable power source.