As more countries around the globe adopt the use of clean energies in an attempt to reduce global emissions, more homeowners are adding solar energy to their homes. Solar has plenty of benefits, including practical and financial advantages such as reduced reliance on fossil fuels, tax credits and decreased electric bills.
Did you know, however, that having battery storage for your solar energy can also increase your bill savings? Today, we look at some of the benefits of battery storage as well as some of its limitations.
Helps avoid high utility rates
You may be charged high rates at particular times in the day, such as during peak demand hours, depending on your electricity provider. Having a battery system to store your energy allows you to use the grid as minimally as possible, which prevents you from paying high rates for the same amount of electricity.
Customizable for different situations and needs
In back-up mode, most battery systems are charged using the energy generated by the solar panels. Once fully charged, any excess energy is sent back to the power grid or used by the home. If the grid shuts down, the system provides electricity to protected loads of an individual’s choosing.
Battery systems are also filled with grid and solar power in priority back-up mode, which fills the system more quickly, in the event of an outage. Some systems even have self-supply modes, which allow individuals to draw energy from the system if your solar panels don’t produce enough energy for the home, resulting in power from the grid being a back-up for your protected loads.
Provides access to power during outages
Adding battery storage to a solar panel system affords a home access to power during an outage. With battery storage, you can charge electronic devices, keep your fridge running and keep your lights on, even when the grid shuts down.
With these benefits, there also exists some disadvantages. Those include:
Unable to power your entire home
Battery systems don’t hold enough energy to power your whole house, only protected loads of your choosing. Loads such as water heaters and air conditioners won’t be able to be powered using your battery system because they are too large to run on battery energy.
Can’t be 100% off the grid
Using solar energy and having battery storage doesn’t allow you to live off the grid, but it does afford you the chance to rely less on it.
As companies such as StorEn Technologies Inc. further develop alternative battery chemistries, it may not be long before battery-storage systems reach a point where long-term energy storage is the norm.
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
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