8 Benefits of Investing in Solar Battery Storage
Whether you’re just beginning your solar journey or you already have a complete system, you should think about adding solar battery storage. There are many benefits of investing in solar battery storage for your grid-tie system.
A lot has changed in the solar energy storage world in the last few years. So if you were hesitant before, you might want to reconsider. This article will review eight critical advantages of solar batteries to help you determine if energy storage is a must for your home.
1. Lower Electric Bills
Solar batteries are not exactly cheap, but over time, you’ll see the savings add up on your electric bill — beyond what you would save with solar panels alone. Here are three ways that you can accrue cost savings with battery storage.
If you have solar panels but no battery storage, excess energy from your system will feed back into the electric grid. This is called net metering, and your utility company can give you credit for this. But many utility companies actually charge a fee for net metering, so if you’re able to store the excess energy in a battery system instead of sending it back to the grid, you’ll save more in the long run.
A solar battery system can increase your electric bill savings if you are on a time of use (TOU) utility rate. Under TOU rates, the charge for using electricity at “peak” times is higher (typically in the evening from 4 to 9 PM, but this can vary).
With a solar battery system, you can store excess energy during off-peak hours and use that energy during peak times to avoid paying higher rates.
Some commercial utility providers implement demand charges, based on the largest amount of power you draw at any one time. You can program a solar battery system to provide power when you have higher demand to reduce your demand charges.
2. Energy Independence
Another key benefit of solar battery storage is energy independence, which can be extremely valuable in certain situations.
When Winter Storm Uri hit Texas in February 2021, over 200 people died — many from hypothermia. A solar energy storage solution could provide heat and save lives in severe weather situations.
While solar batteries won’t run everything in your home, they can certainly provide relief during brief power outages, allowing homeowners to feel more comfortable and have peace of mind during emergencies, storms or even earthquakes.
As power outages become more common, having backup power to run essential appliances or keep your business open during downtime is critical.
Important Tip: Calculate how much power you actually need to backup in an emergency. You don’t necessarily need solar battery storage for your entire home. Partial battery backup is an option! Learn more on our blog here.
3. Hassle-Free and Low Maintenance
If you already have a generator, you may think you don’t need solar batteries to power your home in an emergency.
However, generators require fuel. If you don’t have enough fuel stored for up to several days of power outages, you may run into an emergency because gas stations can’t pump fuel if the power is out. Solar batteries offer a hassle-free alternative — they “re-fuel” themselves with solar energy, so you don’t have to worry about your reserves.
Generators also require more maintenance than solar batteries. You won’t have to maintain your solar energy storage system once it is installed, up and running
4. Reduced Noise
Generators are notoriously noisy. On the other hand, solar batteries are about as loud as a humming refrigerator. With a battery system, you can still have backup power that won’t disrupt your daily activities or sleep.
5. Less Environmental Damage
In addition to noise pollution, generators aren’t environmentally friendly. Generators require the use of fossil fuels that produce unhealthy emissions.
Since solar battery systems obtain power from the sun, you won’t have to worry about creating more waste or increasing your carbon footprint any further.
6. Long Lifespan
Your solar battery storage system will last a long time. Newer lithium battery systems, such as the Enphase Encharge, are warrantied to last for at least ten years or 4,000 cycles, while generators typically have 3 to 5-year warranties.
7. Tax Credits and Rebates
If you install batteries with your solar power system, you’ll get to take advantage of tax credits and rebates that apply to solar installations. Through 2022, the federal tax credit for complete solar installations is 26%. So if you’re thinking about installing solar on your home this year, definitely consider adding battery backup simultaneously.
You may also qualify for additional tax credits, rebates or other incentives in your local area that can apply to the solar battery system.
8. Higher Real Estate Value
Installing solar panels along with a solar battery system could increase the value of your home or business. Property buyers see the value in clean energy and backup power that offers assurance and peace of mind.
Should You Invest in Solar Battery Storage?
We recommend solar battery backup if your budget allows it and if your energy usage could benefit from storing excess power.
If you’re looking for more guidance on solar batteries, look no further than the industry experts at GoGreenSolar! Our solar veterans are readily available to help you through the decision, purchase and installation processes. Check out our solar battery backup systems, or reach out to us with your questions today.