Who benefits from solar energy storage?

It’s not just commercial solar shoppers who benefit from installing energy storage. In fact, utility-scale battery storage is increasingly playing a major role in the operation of the electric grid, providing cost savings, environmental benefits and new flexibility for the grid.

Why is storage important for solar power?

The price of lithium-ion batteries has fallen by about 80% over the past five years, enabling the integration of storage into solar power systems. And as communities and entire states push toward higher percentages of power from renewables, there’s no doubt storage will play an important role. Did you know?

How has energy storage changed over the past 5 years?

Declining costs in available technologies have propelled interest in energy storage forward like never before. The price of lithium-ion batteries has fallen by about 80% over the past five years, enabling the integration of storage into solar power systems.

How can storage help reduce energy costs?

In addition to lowering operational energy costs, storage can help control and forecast long-term energy budgets and increase energy reliability. There are several options when it comes to adding storage – direct purchase, power purchase agreement, shared savings or power purchase agreement with shared savings.