Energy storage is expensive but offers a host of opportunities, both in revenue generation and cost reduction. Paired with solar, energy storage is even more attractive, offering savings on the energy portion of the bill and access to ITC benefits when eligible — through 2016, anyway.
The chart below, presented by GTM Research senior grid analyst Ravi Manghani at Solar Power International, highlights a number of reasons end customers might consider before implementing a solar-plus-storage system. Some of these benefits, such as ancillary services and demand response, are not yet available to end customers in all states.
Manghani went on to describe the future of solar-plus-storage in the United States, and in doing so, he identified four trends that are driving the current market:
The Editorial Team at SolarFeeds is made up of knowledgeable solar industry insiders and experts who have a passion to share valuable, helpful and educational information. Aiming at becoming the best place to learn solar, the publication partners with industry thought leaders, journalists and influencers. If you want to publish your articles on SolarFeeds Magazine, click here.