{"id":8656,"date":"2021-01-06T17:42:22","date_gmt":"2021-01-06T17:42:22","guid":{"rendered":"https:\/\/www.solar.com\/learn\/?p=8656"},"modified":"2021-01-13T07:38:13","modified_gmt":"2021-01-13T07:38:13","slug":"solar-battery-incentive-programs","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/solar-battery-incentive-programs\/","title":{"rendered":"Bring Your Own Battery Programs: Everything You Need to Know"},"content":{"rendered":"

When you see the acronym BYOB, you likely start thinking about backyard barbecues and good vibes. I know I do! But let\u2019s dive into what BYOB means in the context of saving you money instead of spending it.<\/p>\n

How does a ‘Bring Your Own Battery’ program work?<\/h2>\n

Alongside solar batteries<\/a>\u2019 increase in popularity, utility companies have begun to create incentive programs to make battery storage for your solar system more economical. The programs are very straightforward; all you need to do in order to receive the incentive is to purchase a solar battery either at the time of going solar or afterwards, and then connect your battery to your local utility\u2019s grid. <\/span><\/p>\n

There are two primary ways to earn money from your battery:\u00a0<\/span><\/p>\n

    \n
  1. The utility company pays you for your capacity, or the amount of peak or continuous power your battery can output<\/span><\/li>\n
  2. They pay you for the energy that you can push onto the grid, or the amount of electricity you output <\/span><\/li>\n<\/ol>\n

    Is bringing my own battery worth it? <\/span><\/h2>\n

    Energy storage prices have decreased significantly over the last several years, but without the incentive programs, there are still some cases where it doesn\u2019t make financial sense to buy a battery, and homeowners instead are getting a battery for backup power in the event of a grid outage. Through the incentive programs, however, the payback period for a solar battery is designed to be around five years, on par with that of a rooftop solar array.<\/span><\/p>\n

    If you\u2019re curious about bringing your own battery and the incentives available to you, we recommend that you check with your utility to see what\u2019s available. Not all utilities have incentive programs, and not all batteries and battery manufacturers are included in those that do. Feel free to drop us a line if you\u2019d like to connect before reaching out to your utility so that you know what to ask and what to be aware of. We\u2019d be happy to help! Visit our website to get started on your battery project<\/a>.<\/span><\/p>\n

    What\u2019s in it for the utility companies?<\/h2>\n