When you install a solar battery as part of your home solar energy system, you can actually store the extra energy your solar panels produce at home instead of feeding it back into the electricity grid.
While solar batteries can offer a powerful economic benefit for homeowners, the cost of a battery may not make financial sense for everyone.
Read on to learn more about the cost and benefits of installing a solar battery for your home.
How Much Does a Solar Battery Cost?
On average, one solar battery ranges anywhere from $8,000 to $12,000.
The prices are slowly coming down, but we want to get this disclaimer out of the way before we go into the benefits of having a solar battery.
The good news is you don’t have to come up with the money for a solar battery. There are financing options for this.
You can finance it in one of two ways:
- by getting a loan or
- going with a Power Purchase Agreement
With a power purchase agreement, you don’t own the battery or the system, and we can work the battery into the agreement so that both the solar battery and the solar panels are included.
1. Make The Most Of Your Power
Solar is free. You’re not paying the sun. You’re just paying for the system to soak in the sun that generates the power. In essence, you’re able to make more use of your solar energy.
As long as the sun’s out, you’re getting cheaper power. When the sun goes down, or there’s a cloudy day, you’re getting less power or no power out all.
So, how do you make the most of cheaper power?
You store as much as you can into a battery.
Most people have enough solar being generated during the day to use it at another time. But what’s happening is it’s going back into the grid. You’re selling it back to the power company because you’re not using that excess power, and they’re basically buying it at wholesale prices, but you’re still getting it back cheap.
Instead of using the power company as your backup battery and storing the power and getting it back from them, you can put it in a battery.
Although you’re paying cash for the battery or working that into a loan or PPA, you’re still able to make more use of that power.
2. No More Power Outages with a Solar Battery
If you’re in any area with many power outages like in California, where fires are continually happening, a battery will be your friend. When the power goes out, you’re going to want a backup, and a solar battery gives you that security.
3. Reduce Your Home's Carbon Footprint
Obviously, you reduce your carbon footprint with solar alone, but with a solar battery, you reduce even more energy that would generally have to get pulled from the grid.
The grid does not use friendly power. Traditional power sources like coal and others cause more pollution.
4. Replace Your Backup Generator (No Noise Pollution)
Having a solar battery backup allows you to have electricity when the power goes out, so there’s no need for a generator. Your neighbors will love you for it, too.
Having a solar battery backup reduces your noise pollution. You’ll no longer be that annoying neighbor with the generator kicking on when people are trying to sleep. Even if it’s relatively quiet, it’s still noise pollution.
5. Reduce Your Power Bill
With solar, not only are you getting cheaper rates, but because of that more affordable rate, every power bill that you get is going to be less expensive because of the solar battery and not having to pull energy from the grid.
You might be asking, why would I even have a power bill?
Well, you may not have a power bill besides a connection fee.
SDG&E (in California) has a connection fee of around $10 a month, but what if you use more power than your solar produced and it requires you to pull energy from SDG&E at a more expensive rate?
If you have a battery, you don’t have to pull it from SDG&E; you’d get it from your battery. Therefore your SDG&E bill stays at that $10 connection fee, and the power is okay because of the battery.
The power is free. You store it, and you pull it back out of your battery when you need it. This is why having a solar battery will reduce your bill.
What Is SGIP?
SGIP stands for Self Generated Incentive Program. There are incentives for if you have a solar battery.
In some areas in California, in high-risk areas, especially for fires and so on, they’ll actually cover up to one hundred percent of a rebate.
According to California Public Utilities Information, there are California based programs designed to incentivize people for supporting new, existing, and distributed energy resources.
If you qualify for the SGIP program, you can receive a rebate for your energy system. There’s a percentage or rebate they’ll pay. Sometimes it’s 50%, and at other times, it’s 100%. So, even if the battery is $10,000, they’ll literally give you a rebate for $10,000.
Each power company is different. Look into this when you’re looking into getting a solar battery.
We’re happy to help you. It doesn’t cost you a dime to use our services because we don’t get paid by you. If you want our help, go ahead and contact us at (619) 304-0123. We can help you figure out the rates and if it’s worth getting a solar battery or not.
6 Benefits of Installing a Solar Battery for Your Home
When you can get a solar battery, you will get benefits like a cheaper power bill, be more self-reliant, and in the case of emergencies, you’ll still have power.
You don’t have to be noisy for your neighbors using a generator. A solar battery will reduce your home’s carbon footprint, and you might even be able to qualify for a rebate to get that battery paid for.