Solar energy technology is finally becoming efficient enough to generate an amount of power that can result in significant energy cost savings. The cost of implementing a solar storage system has dropped steadily over the last decade. But how can you save money with an excellent solar storage system? Here are a few of the ways:
Tax Credits & Incentives
Even though the upfront cost of installing a solar storage system has dropped, it is still an expensive undertaking. Fortunately, many local, state, and national governments are offering tax credits and incentives to purchase and install a solar storage system. These credits can make a purchase that might have seemed difficult to buy now affordable.
Reduce Reliance on the Grid
Solar storage systems reduce reliance on the traditional electrical grid, which may lower your electricity bill. Getting credit from the electric company for adding your energy surplus back to the grid is possible.
In areas with frequent brownouts and outages, reduced reliance on the grid can prevent the loss of productivity due to lost connectivity or food spoilage because of the loss of refrigeration. A solar storage system is also beneficial if you live in an area with a high electricity rate.
Peak Hour Saving
If a time-of-use rate determines your electricity rate, the cost is higher during peak hours, usually in the late afternoon and early evening. If you store excess solar energy during the day and use it during peak hours instead of using power from the electric provider.
Provide Backup Power
With a solar storage system, no expensive home generator or the fuel to run it is necessary. It can provide backup power if there is a power outage. This keeps things running smoothly at your home or business during an outage, so you don’t lose money on lost productivity.
Monitor Energy Use
Look for ways to so you can reduce your energy consumption. If you reduce the load on your energy storage, the stored energy lasts longer. You should do this even if you don’t have a solar storage system.
Get a Solar Storage System Installation from Tri-State Electrical Contractors
We have much experience installing, maintaining, and repairing solar storage systems. If you want more information or a quote for some solar storage work, call us at (423) 800-2134, fill out our simple online form, or email us at email@example.com today.