How Much Can a Residential Energy Storage Project Actually Save?
It may be surprising to know that a significant portion of California homeowners buying energy storage systems today are not doing so to save money. In other words, they are not trying to reduce their utility bill or get a return on investment, like they do from a rooftop solar system. Instead, most storage systems today are being bought and sold based on the promise of back-up power or energy independence from the utility. The primary reason for this is that the avoided cost opportunity for residential storage today is not very substantial. On most residential utility rate schedules, energy storage does not have the ability to significantly reduce the utility bill. Therefore, it’s not the core value proposition being sold today.
A Sales Platform for Energy Storage Projects
We’re excited about the upcoming launch of our energy storage software update. This new release is the culmination of a lot of learning for us. We have been planning this new build for a year and our engineering team has been developing it over the last several months. We are incorporating a lot of product feedback from energy storage manufacturers and developers who have been using our application over the last couple of years.
How to Model a NEM 2.0 Project
We’ve been getting a lot of questions on how to model Net Metering version 2 (NEM 2.0) projects, so we figured it was time for blog. A lot of the recent inquiries are coming from our California users, where the Net Metering caps are expected to hit capacity soon. As of March, the PG&E and SDG&E service territories are over 80% of the way towards reaching their cap. While California has been getting most of the attention recently, the mechanics of modeling NEM 2.0 scenarios are fundamentally the same regardless of the state or utility territory.
Energy Toolbase Software Platform Endorsed by Industry Leading Distributor Rexel Inc. to Solar Installer Dealer Network
Energy Toolbase, a software platform used by solar installers to propose renewable energy projects is being formally endorsed by Rexel Inc., a subsidiary of Rexel Group, a global leader in the distribution of electrical supplies, to their dealer network of solar contractors.
Is California’s Net Metering V2.0 Really “Full Retail Credit”?
The California Public Utilities Commission handed down the proposed decision, hailing it a victory for the solar industry. What issues come with “full retail credit” Net Metering and what effects will it have on solar project economics?
Sharp Integrates With Energy Toolbase Software To Streamline The Proposal Creation Process For SmartStorage Energy Storage Installations
Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp) announces today the integration of Energy Toolbase as its software platform of choice for accurately calculating peak demand savings for SmartStorage® energy storage system installations. Sharp is the first to integrate its proprietary SmartStorage® operating algorithms with Energy Toolbase’s powerful optimization tools to quickly generate SmartStorage® specific proposals. Users can accurately determine the dollar savings of SmartStorage® projects that are integrated with a solar system, or as a standalone system.