4 Benefits of Home Energy Storage

Home energy storage · Oct 7, 2022

While you hear many people talking about needing uninterrupted power, energy experts focus on home energy storage, the solution that can provide that reliability and more.

Home energy storage technology enables a reliable, relaxed lifestyle, where you leverage solar, the grid, and other power sources by saving their energy in batteries for when it’s needed.

But that's not all that is great about energy storage systems. We researched the uniqueness of home energy storage systems and want to share our findings.

What Are Home Energy Storage Systems?

Home energy storage is about local, sustainable electricity storage for future consumption. An energy storage system (ESS) is something that takes energy from an external source and saves it, usually in batteries. The ESS then provides that saves power back for use when needed. an ESS is usually a component of a full home energy management system, which mediates between the power sources to provide energy to the home.

In modern home ESS, the batteries are lead acid or lithium-ion. Energy storage takes place on-site. For instance, if a home has solar photovoltaic panels, excess energy can be stored in the batteries for use at night or during high-cost, high-demand periods.

Home Energy Storage Benefits

1.     No power is lost when the grid is out

Remember the power cut during your favorite show? Or the discomfort when you need the air conditioner, and there's a grid outage? Nothing is about all that, but home energy storage comes bearing fruit.

Leveraging batteries and the right AC-coupled storage system, we can minimize grid connection losses so that the home energy management rapidly switches to stored power when the grid fails.

It gets even better. Broadband being what it is, robust systems are communicating between the ESS, the management system, cloud software, and mobile apps, providing monitoring and maintenance much faster than in earlier systems. 

2.     Bill reduction

With a home ESS, you can use the energy produced by solar at night, or leverage energy extracted from the grid at low demand, low-cost times during peak load times to save money. You may even eliminate your need to use grid energy depending on onsite solar production.

With a home energy management system with energy storage, you don't get to face painful bills due to grid use during peak demand hours.

Optimizing Home energy storage requires understanding your power use and crafting your energy blueprint.

3.     Support the grid

The microgrid is a growing energy concept, providing more local power than relying on long-distance transmission. That is now being helped by home energy production and storage growth. It is possible, in some areas, to sell excess power back to the utility company to support local use.

Although this depends on regulations as well as your storage capacity and power need consumption, it is increasingly possible for homeowners to support the electricity grid by sharing energy during peak hours.

4.     Reduce fossil-fuel-generated electricity

The way national electricity is generated varies. Australia, for instance, has fossil fuels contributing a whopping 79% to the total electricity generated in 2019. Queensland and New South Wales are among the top states that consume the most coal to generate energy.

The American story is more interesting but screams the need to adopt home energy storage systems.

According to the IEA, sixty-one percent of America’s approximately 4.12 trillion kWh of generation is facilitated by fossil fuels, including petroleum, coal, natural gas, etc.

Home generation and storage help cut the reliance on fossil-fuel generation.

Wrap Up

There are many reasons why homeowners are concerned about the grid. From outages to power sources and costs, there’s an increasing focus on how to better utilize the energy within the home.

Now, with smart technologies facilitating the emergence of home energy management systems with storage, homeowners can spend less on energy bills while actively joining in the energy transition revolution to make for a better, sustainable community.

On an individual, economic, social, and environmental level, home energy storage is a valuable addition to the energy landscape.

Franklin Home Power