Solar energy is a great way to reduce your carbon footprint while also saving money on electricity bills. Homeowners in Clark County, Nevada can get even more value from their solar system by combining it with solar battery storage.
But solar battery storage is an investment, as well. And that means it comes with an upfront cost that needs to be factored into your decision. In this article, we’ll break down the average cost of solar battery storage in Nevada to help you decide if you’re ready to take the plunge.
What is the average cost of solar battery storage?
In January of 2023, the cost for a 13-kWh storage system in Nevada was estimated to be between $13,709 and $18,547. The final price can be impacted by factors such as make/model, where it was purchased from, and who installed it.
Homeowners can also take advantage of federal/state incentives and cost savings, such as the solar ITC, which covers 30% of costs associated with solar equipment and installation. But you have to install your battery storage at the same time as your solar system for it to qualify.
Why invest in solar battery storage?
People invest in solar battery storage because it helps them take advantage of cost savings, especially when electricity prices increase during peak hours. But there are other benefits as well, such as:
- Cost savings on electricity bills
- Increased security and stability in case of power outages
- More efficient use of renewable energy sources
- Ability to store energy during peak hours, allowing for cost savings during those times
- Enhanced independence from the electrical grid
Is solar battery storage right for your home?
If you’re on the fence about solar battery storage or not sure if it is worth the investment, you can take the following steps to decide if it is right for you:
- Research system cost: Start by researching the cost of battery storage systems in your area. Depending on your budget, you may want to consider higher capacity units – but be sure to factor in other cost savings, such as federal/state incentives and discounts.
- Evaluate cost savings: Once you have a better idea of the cost for battery storage systems in Nevada, it’s essential to weigh the potential cost savings against electricity prices over time. It’s also wise to compare long-term cost savings versus short-term cost increases associated with purchasing an energy storage unit.
- Consider solar investments: If you already have a solar panel array at your home or business, adding battery storage can help you maximize cost savings by utilizing stored energy over the cost of grid-based electricity.
- Determine system maintenance cost: As with any major purchase, consider the cost associated with system maintenance and repairs.
- Address safety concerns: Battery storage systems can pose potential safety risks, depending on their placement in the home or business. It’s wise to consult an expert for advice about proper installation and safety protocol before making your decision.
Let Solar Optimum Help You!
If you already have solar panels, adding battery storage can help maximize cost savings from stored energy over grid-based electricity. Finally, understanding future costs associated with storage systems can help homeowners make informed decisions to be better prepared for future cost increases.
Solar Optimum can help you find solar panels and other renewable energy solutions that fit your needs and budget. Contact us today to learn more about how we can help you save money on your energy costs.
