What are the benefits of a home battery?
Residential batteries can lower utility costs, reduce emissions, and much more
In the United States, battery storage is rapidly increasing in popularity. In fact, battery installations for homes and businesses are more than doubling every year. With a solar-plus-storage system, you can easily keep your home or business running when the grid goes down. Along with backup power, batteries can also greatly reduce utility costs and minimize your home’s CO2 emissions.
- Increased Resilience and Energy Independence: By storing excess energy generated from renewable sources like solar power, homeowners can keep their homes powered even when the grid goes down. This is particularly beneficial in areas prone to natural disasters, such as hurricanes or wildfires, where power outages can last for days or even weeks. Homeowners can maintain essential services like lighting, refrigeration, and communication devices, ensuring the safety and comfort of their families. By reducing their reliance on the electricity grid, homeowners also gain a greater sense of energy independence, minimzing their vulnerability to fluctuating energy prices or disruptions from power outages.
- Demand Response and Time-of-Use Optimization: Home batteries can also provide significant financial benefits by optimizing electricity consumption during peak hours. Many utility companies implement time-of-use (TOU) rates, where electricity costs more during periods of high demand. By storing excess solar energy generated during the day in a home battery, homeowners can avoid purchasing electricity from the grid during these expensive peak hours. This not only helps reduce electricity bills but also supports the overall stability of the grid by lessening strain during high demand periods. Households with home batteries can also participate in demand response programs, where excess stored energy is discharged back to the grid during periods of high demand, further contributing to grid stability and potentially earning financial incentives for homeowners.
- Environmental Benefits: By using a home battery to store excess solar energy, homeowners can reduce their household carbon emissions and contribute to a cleaner environment. This is a great incentive for those who want to reduce their environmental impact and promote sustainable living practices.