If you aren’t prioritizing bundling solar and battery, now is the time. Battery storage is growing in popularity due to the numerous benefits for homeowners. According to the Solar Energy Industries Association (SEIA), nearly 28% of all new solar systems will be paired with storage by 2028, compared to under 12% in. 2023.
As noted in Canary, solar batteries have staved off blackouts in Texas, helped utilities deal with electricity demands in Utah and displaced fossil gas in California — marking a nationwide transition to the innovative technology. With policy changes, a growing need for energy resilience and greater long-term savings, solar battery bundles can prove to be the best option for homeowners.
Here’s three more benefits of pairing battery storage with solar from the get-go.
1. Increased value for your customers
- Solar batteries can help homeowners avoid the highest kWh prices on “time-of-use tariffs” or when the price of electricity changes depending on the time of day. The ability to store energy and use it during peak hours can lower utility costs.
- To take the savings a step further, local or regional Virtual Power Plant (VPP) programs enable homeowners to contribute clean energy to the grid during peak hours, providing additional incentives for participation.
- The 30% federal tax credit is not only available for solar panels, but also for home batteries. Alongside other state rebate programs, these could lower the system price for homeowners and increase their cost-savings benefits.
- Homeowners can see if batteries are a good advantage in their area with the Solar Battery Guide from Market Watch. Many households use batteries as a backup power source during blackouts or weather events.
2. More efficiency for a less stressful project experience
- It is typically cheaper (and easier) to install both solar and battery at the same time. This can save homeowners cash and the headache of two project timelines. It allows them to get the most out of their solar panel usage right away, storing or selling the extra energy their panels produce.
- Solar battery bundles also lead to helpful upsells that can not only ten-fold the system value for homeowners, but increase business margins for solar companies.
- If the homeowners choose to use financing, there will only be one monthly loan bill. With the added benefit of breaking down the cost of a larger, more expensive battery project into more affordable payments.
3. The growing smart home trend
- The idea of whole home energy or a smart home is an emerging thought for those looking into efficiency upgrades. Many believe that smart homes are the future of residential ownership. They are cleaner, more resilient, energy saving and can boost home resale value.
- Solar batteries are a vital part of this whole home picture, providing clean energy storage that can keep a fully electric home running — even during times when solar panels produce less energy
Solar batteries can help homeowners get closer to full energy independence while lowering their carbon footprint — a win for their comfort levels, wallets and the planet!
Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic LLC or one of its lending/financing partners. Equal Housing Lender