Can a distributed battery storage system reduce energy costs?

More recently, interest has grown in distributed battery storage systems that can similarly provide valuable services for homeowners and building owners. Customers can reduce their energy costs by storing electricity from the grid or their rooftop solar systems for use during peaking events when electricity prices are higher.

Do you have to pay for energy storage?

But here's the good news: you don’t have to shoulder the full cost yourself. Across the U.S. (and in many other countries), governments and utilities offer tax credits, rebates, and incentives to encourage homeowners to go green with energy storage systems.

What are home batteries & how do they work?

Home batteries also turn intermittent rooftop solar systems into more reliable energy sources, with customers able to run on energy from solar power at any point in the day or night.

What incentives are available for energy storage systems?

The Self-Generation Incentive Program (SGIP) offers cash rebates for installing energy storage systems. Rebates can go as high as $1,000 per kWh for low-income or high-fire-risk areas. New York (NY-Sun Program) New York offers storage incentives through the NY-Sun initiative, helping reduce battery system costs by thousands of dollars.

Why do we need a home battery system?

Power grids are under pressure, especially during peak demand. Home battery systems help reduce that load by storing energy for use later. Batteries also support renewable goals by storing solar or wind power for when the sun isn’t shining or the wind isn’t blowing.

Can battery storage improve grid flexibility?

Advancements in battery storage technology promise to provide the needed grid flexibility that will reduce stress on the grid, save customers money, and allow renewable energy generation to continue to grow.