The Top Six Advantages of a Home Battery Bank
Since Tesla’s highly anticipated unveiling of Powerwall back in 2015, home battery banks have become a hot topic.
While your primary motivation may not be financial in nature, battery storage systems boast the ability to help consumers become more energy independent and can bring a wealth of benefits to your household. To help you decide whether or not a home battery bank is right for you, we’ve compiled the top six benefits of purchasing a system below:
1. Use more of your solar generation:
Without a home battery bank, the solar energy you don’t use is exported back to the grid, with varying rates depending on where you live and when you installed your solar. Rather than exporting and losing your excess solar energy for just a few cents, a battery bank will allow you to store this energy so you can use it yourself at night.
2. Energy independence:
While a home battery bank doesn’t allow you to go completely off-grid with ease, it’s definitely a step in the right direction. Giving you the ability to use your stored solar energy at night, a battery bank lessens the amount of energy you’ll need to buy from the grid. This decreases your reliance on the grid and offers you more energy independence.
3. Energy arbitrage:
If you’re currently on a time of use tariff, you can benefit from energy arbitrage. By charging the battery bank at off-peak rates and using your own stored energy at peak rates, you’ll end up saving a lot of money on your electricity bills. Learn more about how tariff arbitrage works here.
4. Backup power in case of outages:
Outages can be inconvenient at the best of times, and a downright hassle at worst. Whether an outage is caused by a storm, nearby construction mishap, or network failure, it’s possible to install your home battery storage system in a way that can provide you with backup power. Imagine that – electricity, regardless of what’s going on with the grid!
5. Reduced pressure on electricity networks:
By using your battery bank and taking the stress off the grid at peak times, you’re contributing to the longer life of local infrastructure and resources. This lessens the need for costly network upgrades, which end up being paid for by all grid users.
6. State of the art technology:
The concept of a home battery bank is a truly exciting innovation. Be ready to take advantage of future regulatory changes which will allow you to trade rooftop solar-generated electricity between households, small businesses, and community groups. Investing in a system will allow you to bypass major energy retailers and be a part of this new “micro-grids” innovation.
There are a number of factors you need to consider before deciding if a home battery bank like Powerwall is right for you. For a no-obligation analysis of your energy usage, including the viability of installing an integrated battery bank alongside a solar power system at your household, simply request a callback.
Information correct as of September 2020
