Battery storage is a new and little known secret in the Solar/Electricity ecosystem. All utility companies have three tiers of pricing for power consumption which are governed by supply and demand. Typically, 10 AM to 10 PM is the lowest, followed by 5 PM to 9 PM, and the peak between 2 PM and 5 PM. If you are generating electricity from solar panels, you will be feeding it back directly to the Utility company’s electrical grid and receiving credit for it at the end of the month. The price of the electricity you sell back to the grid will also be determined by when you feed it back, depending on the above pricing time brackets. With solar storage, you can decide when to sell back the electricity you generate, maximizing the amount of credit, and therefore profit you generate back from the utility company. Typically, the price/ KWh will range by as much as 35% between low and high, and the amount of credit can differ substantially.
For example, if you store the electricity you generate from 30 High Efficiency panels and sell it only at peak, you could increase your revenue from $2.93 to $8.90 per hour, which is almost triple. By using storage solutions, you can control the output of your system into the grid and make sure it takes place at the times where it is generating the most income. In a commercial environment where 500 or more panels are deployed, this translates to a substantial amount where a client who is reducing their bill by $100,000 yearly is able to completely offset that bill and place $80,000 in their pocket by deploying a storage solution.
Another very important reason to deploy storage solutions is business continuity in the event of outages. Some battery solutions can sustain an entire functioning business for up to 48 hours while only feeding from internal storage while the grid is completely down. In areas of bad weather this becomes a solid alternative to expensive generators and backup UPS solutions.
On top of this, ZIS will obtain rebates and incentives for your power storage solution which will make deploying it a lot less costly and creates a win-win solution for your business.