THE BENEFITS OF SOLAR & BATTERY ENERGY STORAGE
Solar PV systems generate clean, low-cost electricity and in many cases can deliver meaningful energy cost savings benefits by reducing electric utility bills. In addition, solar PV systems are able to generate revenue through the monetization of Renewable Energy Certificates.
Battery energy storage systems are also power resources for generating financial benefits. Similar to solar, batteries can lower electric utility bills by reducing a facility’s peak demand, and shifting load to less expensive hours of the day. In addition, batteries can generate revenue by participating in emerging grid services and distributed energy resources programs.
When combined with the proper controls, switching, and load management technologies, solar PV & battery energy storage systems can also operate as a microgrid to provide backup power support for critical loads during power outages such as wildfire related Public Safety Power Shutoff events, heat-wave related rolling blackouts, and unplanned outages.