IRA Creates an Easier Path to Solar
Blackouts have surged to an alarming high this year in California, creating bleak living conditions for many people. Unfortunately, in San Diego specifically, the electricity was out for three days straight during a late summer heat wave, in different areas of town. In fact, the power outages got so bad over the summer that many homeowners lost the majority of their refrigerated food due to it spoiling.
SunPower’s solar panels and SunVault storage system can be used to generate energy savings as well as store excess power in some situations. SunVault gives homeowners the option to choose what they want to do with their excess power. While storing it for grid failures is certainly the most talked about feature, the solar storage system can also be activated during peak demand times to cover additional electricity fees. To some homeowners, adding energy storage seems out of reach financially. But with the Inflation Reduction Act, homeowners are saving approximately $300-400 a month from their solar storage.
So, how could the IRA help realize their goal of solar + storage?
Let’s say you have a 10-kW solar system on your home currently. To get the most savings out of your system, we recommend you invest in a 13-kWh energy storage system. Fortunately, SunPower solar panels pair well with the SunPower Sunvault energy storage system, which ensures seamless transfers from grid power to battery power and back again. The SunVault also lets customers set their own preferences on whether to store energy for later use or send it back to the grid for even greater savings. You will have the option to always have enough backup power, use the stored power to charge an electric vehicle, or share any excess with the grid when on sunny days solar is really churning, which happens frequently in California.
So, if the IRA provides a 30% tax credit on the purchase of an energy storage system, how much would that save?
**The figures below are example project costs
Solar + Energy Storage (including installation): $30,000
30% Investment Tax Credit: $9,000
As California moves toward a ZeroNet energy future, ensuring your power never fails is worth the small monthly investment.
Learn more about energy storage and calculate your backup potential here. Give us a call today for a FREE solar quote at 619-743-9193 or click here to get started.