Before the era of rooftop solar and storage batteries, homeowners had to choose between installing a traditional grid-connected power source or a less-expensive alternative like a fan or water pump. But now that these technologies are commonplace, many homeowners are looking to add battery storage to their homes.
What is battery storage?
As the name implies, battery storage is a type of electrical storage device that uses rechargeable batteries. These devices are designed to store energy for later use and are most often used in homes with access to solar panels.
What can battery storage power?
Battery storage is an advanced technology that can be used to store energy generated by solar panels. It’s a cost-effective and reliable way to avoid high electricity bills, making it a valuable addition to any home.
In this article, we’ll explore the many different uses of battery storage in homes. But first, let’s break down the basics of how this technology works.
How much does battery storage cost?
One of the most common questions homeowners ask is "how much does battery storage cost?" The short answer is that it depends on a variety of factors, including the size and type of your battery. But to give you an idea, one brand's lithium ion battery costs $1300 at Home Depot.
Battery storage technologies
There are several battery storage technologies on the market today, but they all serve different purposes. Lead-acid batteries are the least expensive and most common type of battery. These batteries can be used to store small amounts of energy for a large amount of time, which is why they’re often used in UPS systems and other backup power sources. Nickel-cadmium (NiCd) and nickel-metal-hydride (NiMH) batteries have similar characteristics to lead-acid batteries. They can store a lot of energy for long periods of time, but they’re more expensive than lead-acid batteries. Lithium ion (Li-ion) batteries are higher priced than NiCd or NiMH but last longer and have a greater charge density per pound. So, if you don’t mind spending extra money up front, these types of batteries may be worth it in the long run because you won’t need to replace them as often as cheaper models.