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A device that reserves energy for later consumption that is charged by a connected solar system. The stored electricity is consumed after sundown, during energy demand peaks, or during a power outage. Most common on residential or commercial buildings.
To fully understand a solar storage battery system and the relevant benefits of owning one, there are a few external factors that we need to consider.
Depending on your utility, you may have a time-of-use rate plan. That means that depending on the time of day you use your energy, you will be charged various rates. Prices for electricity are highest when demand for electricity is peaking; usually from after work into the evening.
Having a solar battery system can help mitigate the amount of electricity you would normally buy during peak hours. It can store the extra energy generated from your solar panels during the day for you to use at more expensive rate times. Peak TOU rates can be as much as double the off-peak rates. Therefore, a solar battery storage system can quickly pay for itself.