Solar energy storage installations and deployments set a record in 2020, with each quarter breaking the record-breaking previous quarter. The use of solar energy and solar energy storage systems is becoming more accepted and prevalent. Here are a few things you should know about solar storage:
1 – The Decreasing Cost of Solar Storage
The cost of installing a solar storage system has decreased steadily over the last ten years. And future technology and efficiency improvements should continue to reduce the cost of installing and operating a solar storage system, getting you a faster ROI.
This cost depends on many factors such as the type of solar storage system you want to install, the area where you live, and the number and composition of the batteries used within the system. A complete solar storage system can cost between $14,000 and $25,000.
2 – The Type and Lifespan of Solar Storage Batteries
3 – How Solar Energy Is Stored
Solar panels transfer energy to the batteries during daylight and sunny hours. These batteries can hold that energy and use it during the night or when the sun cannot provide enough power for your needs alone. Solar energy can be stored in these batteries for one to five days before the battery loses its charge.
4 – Excess Energy Equals Electric Company Credit
Some solar storage systems provide the option for transmitting excess energy back into the electrical grid for credit from the electric company. Imagine getting an electric bill where they pay you money!
5 – Solar Storage Systems Are a Green Alternative to Backup Generators
In recent years weather-related events have resulted in massive outages in Texas, Florida, and areas along the West Coast. Severe heat can cause the energy demand to exceed the supply causing a need for rolling blackouts during peak usage. In addition, snow and ice storms, severe thunderstorms, and weather-related events such as hurricanes can damage the electrical grid causing outages that can last days or weeks. With a solar storage system, you can maintain your power independently of the grid, allowing you to maintain power without using additional fuel. During a widespread natural disaster, generators and the diesel fuel needed to power them may be expensive and difficult (if not impossible) to find. A solar storage system allows you to maintain energy independence during these challenging events.
Is a Solar Storage System Installation Right for You?
Give Tri-State Electrical Contractors a call at (423) 800-2134, fill out our simple online form, or email us at firstname.lastname@example.org, and we can provide you with a comprehensive solar energy assessment to help determine what solar storage solution might work best for you.