Energy storage technology has been around for years, but solar battery backup system is relatively new in the market. Solar batteries offer significant economic benefits to homeowners, but their price tag doesn’t make financial sense to everyone. Here are some benefits of having a home battery storage that are sure to change minds.

Using Solar Battery Backup System For Home

Installing a solar battery backup for home allows us to store the extra energy that the solar panels produce, instead of feeding it back to the electricity grid. With solar batteries, we can maximize the ability to use the electricity generated by solar panels on a daily basis. During the times when more electricity is required than the solar panels have produced (later in the day or at night), we can use the stored solar energy.

Saving Dollars With Solar Plus Storage

Whether we can save more money by installing a solar battery backup, depends on how our electric utility company charges us. In states with net metering, we receive a credit on the utility bill for every kilowatt-hour of solar energy that we send back to the grid. This credit can be used later, when we need more electricity than our solar panels are generating. For homeowners like this, a solar battery will not help increase their savings because the electric grid provides the same financial benefit as a solar battery.

However, some electric utility companies are changing the prices in ways that is sure to make solar batteries a smart investment for homeowners. Solar plus storage can help you save more with your solar panels, if:

TOU Electricity Rates: If utility has TOU (time-of-use) rates, the per-kWh rate that we pay for electricity changes depending on the time of the day. Usually, electricity costs more during peak hours, when demand for electricity is high, typically in the evening or late afternoon. If your utility uses TOU rates, you can benefit from home battery storage by using electricity from the solar battery during peak hours, when electricity rates are at the highest.

Increasing Demand Will Affect Your Saving: If the utility has demand charges for residential customers, then you are charged a fee that changes depending on how much electricity you use. The fee might depend on how much electricity you buy during peak hours when electricity demand is the highest, in a month. If the utility company uses demand charges, you benefit from solar batteries as you can avoid a higher fee by relying on your energy storage system instead.

When you add a solar battery backup to your system, your home can run off the solar energy that you have stored for a situation when the grid goes down.

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