While solar panels can cut down energy bills, they don’t store the excess energy you create for later use. This is where Solar battery storage comes in.
If you, like many homeowners, are wondering when the best time to install battery storage is, this post will provide you with some helpful guidance.
When Is the Right Time to Install Solar Battery Storage?
Solar battery storage allows you to store excess energy you produce during the day and use it in the evening when you need more energy. The stored energy can be credited and used in summer to offset energy costs. You get to save more money when you integrate your battery systems into the grid.
Costs of the Solar Battery Storage
As battery costs continue to fall, it might be the right time for you to invest in a battery system. Previously, the costs of solar batteries were prohibitive. It wasn’t economically attractive to invest in solar panels and storage. Today, prices have gone down and solar power combined with battery storage makes a low-cost alternative to conventional electricity.
Tax Incentives and Rebates
To take advantage of the federal solar tax credit, invest in a solar battery storage system now. Tax incentives and federal policies change often. So, it would be great to enjoy the investment tax credit (ITC) while they last. ITC enables you to deduct 26% of your solar installation costs from taxes. It applies to both commercial and residential installations and has no cap value.
By 2024, you’ll be able to deduct 10% of the cost of solar system installation from the tax. So, it’s cost-effective to install the system now. Other than ITC, remember to look for incentives provided by your state and utility companies. These incentive opportunities are time-sensitive. Therefore, always check the time limits.
When you install both solar and battery systems at the same time, you’re not only going to benefit from discounts but also take advantage of lower installation costs. It is more efficient to install both solar panels and battery systems at the same time than to install them at different times. Also, obtaining permits from the local government for installation at once is cheap. The same goes for grid interconnection fees.
Retrofitting Costs and Efficiency
In most cases, if you install a solar panel system without battery storage, it will come with an AC inverter. So, when you install a storage system later, it means you’ll have to invest in DC-inverter. This is costly. To avoid this, install your solar systems and the batteries at the same time. But if you’re interested in AC-coupled battery systems, you can install storage solutions at a later time.
Should I Add Battery Storage Now or Later?
While installing the system now can be great for some homeowners, installing it later can be good for others. It depends on your budget, your state’s tax incentives, and your specific energy needs.
Whether you choose to install your storage systems now or later, you need a reliable solar company to provide you with quality solar panels, inverters, racking, and other solar accessories. At Solar Optimum, we have unparalleled expertise in installing and retrofitting solar systems. If you’re in LA, San Bernardino, San Diego, Orange County, Northern California, or surrounding areas, contact us for the most cost-effective solar units.