Breakthroughs in technology and manufacturing have allowed the price of solar to drop by 88% within the last decade, making it more attainable for most middle-class Americans. With sales merging towards renewable energy, consumers continue to seek ways to progressively increase the amount of savings from their solar systems.
One way is through energy storage net metering. Homeowners are finding beneficial ways to utilize and maximize their solar energy to its full capacity.
Utility companies vary their pricing and have established time of use rates. The idea in this is that pricing for electricity changes depending on the season and hour of the day. Typically during the summer months, utility companies have peak pricing.
In terms of battery storage, homeowners can manage rising energy rates by using the peak shaving technique. Through Peak Shaving, solar customers can charge their battery during off-peak rates and discharging the device when prices are higher.
An energy credit is granted by the utility company per kilowatt-hour generated from your confirmed green energy source like solar panels. This operates because the solar customer will receive the excess credit that is discharged from the battery back to the grid. The best part of this concept is that you do not have to manage continuously. Most energy storage systems have built-in software to manage the charge and discharge times intelligently.
Other advantages to Battery Storage
The use of battery storage also allows customers to detach from the utility companies if needed. In California, there are frequent power outages and shut-offs due to fires and high-risk fire zones. Batteries used in energy storage can store energy by creating a reserve that can be used through a power outage.
Homeowners have found independence by having their energy storage system. These systems can also be grid-tied. Embedded software can alert you when the grid fails and goes on to produce power. Although battery storage pricing remains relatively high, there are many incentives you can utilize to decrease the cost of going solar.
Check out some of Renvu’s battery storage options to best help maximize your energy savings.