Why Waiting On Energy Storage Could Be Very Costly
Learn the 3 biggest reasons you should be questioning why you don’t have an energy storage system
Being Grandfathered into Net Metering May Not Be What You Think
The Value of Your Credits are Not Guaranteed
There is a common misconception that being grandfathered into net metering means the current credit amount you receive for power now is locked in for the next 20 years. However, that is not the case.
Net metering allows you to get a credit for the power you send back to the grid, however it does not guarantee how much that credit will be worth.
For example, the process of reducing the value of net metering credits was highlighted this summer, when SDG&E increased peak power costs by 50%, thus effectively reducing the value of net metering credits during non-peak hours. Some experts are predicting this trend will only continue, with the effective value of credits continuing to reduce as solar owners continue to be targeted by utilities.
“Net Metering only allows you to receive a credit; it does not guarantee the value of the credit.”
“San Diego Gas & Electric wants to raise its minimum utility charge from $10 to $38 per month.”
Aging Grids and Increased Wildfires, Increase BlackOut Risk
According to Department of Energy information, the U.S. has more blackouts than any developed world nation. This is due to its aging electric grid. The U.S. Department of Energy’s 2015 report showed that at least 70 percent of its power transformers are more than 25 years old, 60 percent of the circuit breakers are a minimum of 30 years old and 70 percent of the transmission lines were at least 25 years old.
In 2003, a tree branch caused a power line to fall in Ohio, which resulted in more than 50 million people in the U.S. and Canada to suffer from cascading blackouts. If the system was weak, overwhelmed and vulnerable back then and no upgrades have been made since then, imagine what it’s like now.
“Think about it. What would you do if the power went out for an extended period of time, more than you have ever experienced before?”
“We’re worried about it because we could see people’s power shut off not for a day or two but potentially a week.” – Gavin Newsom Governor”
Spend 30 minutes with an Energy Storage Specialist
Have one of NeoVolta’s certified installers send an energy specialist out to assess your current configuration, location and power usage and give you an evaluation of what energy storage can do to help you protect against unpredictable utility pricing and grid reliability.
Testimonials
“I don’t normally post reviews, but I wanted to let everyone know how excited I am to find Neovolta and their Energy Storage Battery System. Their team is super knowledgeable and I am finally looking forward to next month’s utility bill.”
“It works like a champ charging my battery during the day so I can use the battery power during the evening when SDG&E charges double for their power ($.47 per Kwh from 4:00 pm to 9:00 pm verses $.22 per Kwh during the day). Without the battery I had no choice but to use SDG&E power in the evening at their super high rate.”