What is California's SB 700 In September 2018, former California Governor Jerry Brown signed into…
Residential Solar Power Battery Storage Is for Everyone
With each day that passes the world moves further into reliance on renewable sources of energy. Not only do these sources create cleaner energy, they also are more freely accessible by all. Leading the way is the solar power industry, and with the growing use of residential solar power battery storage, there has never been a better time to get on the bandwagon and set up your own home solar energy storage system. When you install a home solar battery system, either as an addition to your existing solar power system or as a part of a new installation, you get a number of excellent benefits which offer convenience as well as financial savings.
Adding a Home Solar Battery System Changes the Game
When you include a home solar battery system you add an additional way to manage your energy consumption. Instead of all excess energy generated being sent back to the grid by default, it is instead transferred into your solar energy storage if the battery is not fully charged. Once a full charge is made, the excess is sold back to the grid. Likewise, when your home needs to draw more energy than it is generating, that energy is first pulled from your battery until it has been depleted, at which point it then begins to pull from the grid using credits when possible.
Consumers are seeing the appeal of adding storage options to their solar power systems, and the utilization of batteries is expected to nearly quadruple in 2018. More and more companies are beginning to add home solar energy storage system options in recognition of the increased desire from consumers. The growth in interest in the solar battery world is for a very simple reason – there are a lot of benefits for homeowners who add a home solar battery system to their property.
A Home Solar Energy Storage System has Financial Incentives
Lowering your energy bill by reducing the amount of energy you are pulling from the grid is not the only way that utilizing solar power can save you on your energy bill. As there is a benefit to the environment gained by getting more homes hooked up to solar panels, there are also government-backed incentives as well, in the form of rebates and tax credits for homes taking advantage of their solar power possibilities.
The solar investment tax credit (ITC) is designed to encourage the installation of solar power systems by offering a tax credit equal to 30 percent of the cost of the investment in solar property. Although this has proven to be a very popular policy, it is currently set to begin offering decreased benefits starting in the year 2020. That means if you’ve been considering installing a solar power system the time to do so is now when you can get maximum credit. In addition to the ITC, some states offer additional credits or rebates, such as California’s Self Generation Incentive Program. The SGIP incentivizes the use of energy storage, such as residential solar power battery storage, by offering annual rebates to owners of the systems.
Battery Back Up When You Need it Most
Adding a battery to your solar power system doesn’t have to be viewed only as a chance for financial savings, however, as there are also practical benefits to having your own home solar battery system on a property. The most useful perk of having a battery on your solar power system is having backup power in the event of a power outage. Whether the grid is down because of a snowstorm, a torrential downpour or simply a pole being knocked over, you will have power to at least keep important appliances running for a period of time.
If you’ve been looking for the best way to make your home more functional and more fiscally productive, residential solar power battery storage is the solution. Your home solar power battery will help you to always be prepared in the event of an emergency. A battery will also help to keep your consumption from the grid more stable and predictable by reducing the amount of energy in and out to the grid during low and high production times for your panels. Whether your home already has solar panels or you are looking to add them for the first time, including a home solar energy storage system will help you to get the most out of your investment.