Battery storage coupled with solar power systems can be a powerful way to reduce demand charges and boost resiliency. We work with clients to identify ways to integrate batteries to reduce a facility’s peak demand and optimize demand throughout the day.
Benefits of Battery Storage
Reliable and resilient energy
Solar-plus-storage systems improve a company’s resilience to power outages by providing backup energy when the lights go out. Solar power systems with battery storage help ensure business continuity, since operations can continue to run on the solar power stored in the battery. This is how companies can truly take advantage of all the benefits solar has to offer.
Companies can reduce or eliminate the amount of power being purchased from their utility with a solar-plus-storage system, resulting in tangible cost-savings. This is especially valuable considering that utility rates tend to fluctuate and rise over time across the country.
New federal storage incentives
There are financial and tax incentives for both solar and storage, such as the Federal Investment Tax Credit (ITC). The ITC is a federal tax credit for commercial solar projects, and more recently energy storage systems, that is applied to the business’ federal income tax return debt. The recently passed Inflation Reduction Act increased the ITC from 26 percent to 30 percent for projects that meet the criteria, improving incentives for businesses to support energy transition goals.