Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Home
    • Contact Panasonic
    EN
    • EN
    • FR
    EN
    • EN
    • FR
    • Home
    • Trends
    • Sustainable energy
    • Battery Storage: The Missing Piece to Your Renewable Home Energy Solution
    Back to Resource Center

    Battery Storage: The Missing Piece to Your Renewable Home Energy Solution

    • Contact us
      • Twitter
      • Facebook
      • Linkedin
      • Email

    Battery Storage: The Missing Piece to Your Renewable Home Energy Solution

    5 minutes

    If your goal is to create a truly energy-efficient home, then solar panels are just one part of the sustainability puzzle. To make the most of the energy that your solar panels collect, you also need to consider adding battery storage, which also has the potential to work independently of a home solar system.

    Ideally, your solar panels work in junction with a battery storage system and your utility’s power grid. When this powerful trio comes together, then you’re able to generate solar energy as well as store and use it when the grid is down or power is more expensive.

    This holistic approach allows homeowners to maximize their solar power investment, ensure they have power when they need and use their solar power in ways that benefit their home, their budget, and the planet. And for homeowners who don't have a solar system or can't install one, battery storage allows you to still optimize your use of energy from the grid and even lower your utility bill.

    The rising affordability of solar panels

    In Canada, growth in the solar electricity sector is rapid. In 2013, installations of solar electricity systems grew by nearly 60% over the previous year, according to the Canadian Solar Industries Association 2020 Roadmap report. Several factors are spurring increased interest in solar, including a growing call for more affordable sustainable energy sources.

    As technologies and markets invest more in clean energy techniques, the cost of producing and providing renewable energy tends to become lower. According to the World Economic Forum (WEM), the costs of generating electricity from solar power are already lower than using coal for most parts in North America.

    In 2017, the cost of producing one megawatt-hour (MWh) of electricity was around $50 for solar power, whereas the cost of generating one MWh of electricity from coal was $102.*

    blank

    Homeowners who install PV panels experience the immediate benefits of solar power — the panels collect solar energy and provide power to your home as long as the sun is shining. A typical solar setup will power all of your home systems and major appliances, and may even deliver surplus power back to the grid.

    The panels offer a return on investment just on their own. They reduce what you pay for power because you no longer rely solely on your utility company. And the collective benefit to your community is even more powerful: solar installations reduce the overall need for additional fossil fuel-based power such as natural gas and coal, and may ultimately drive power costs down for everyone.

    Battery storage adds efficiency

    Battery storage is the second component of a sustainable solar energy system. Solar panels don’t produce power at night, nor are they usable during a grid outage. So homes with a PV setup still draw power from their utility during the evening hours and when the main grid is down. Battery storage solves both of these issues and puts you on a path toward increased energy sustainability.

    With a battery storage system, you can store and use excess solar power generated by your panels. You can draw on this power at night, reducing the amount of power you draw from the grid. A storage system also provides backup power, which allows you to keep your home up and running during planned and unplanned power outages.

    blank

    Gaining grid efficiencies

    The third component of a holistic solar energy approach is the grid. Unless you’re attempting to fully disconnect from grid power, your home will remain connected to the power grid—even as you’re consuming less and less energy from it. Solar panels and battery storage make it possible to optimize your grid usage to save the most money.

    For example, many utilities charge higher rates during peak power usage times, such as weekday mornings and evening hours. With a solar battery storage system, you can opt to use your stored power during these peak windows and reduce your energy bill. The ability to store your solar power provides flexibility for when to use it—and ensures that all the power you’ve collected goes to good use.

    By understanding the individual roles of your solar panels, energy storage, and the power grid as well as how they work together, you can take a more holistic approach to your energy use. The result—more efficient, greener, cost-effective power whenever you need it—is most certainly worth it.

    Interested in learning more about battery storage? Check out our battery storage resources and discover how Panasonic's EverVolt can work with your solar setup.

    * source: energyrates.ca

    Authors
    David Houstan - Manager Energy Solutions, Panasonic Canada

    Related Posts

    Integrated Supply Chain

    6 Core Competencies for Fleet Management Mobile Deployments

    In order for Fleet Managers to meet their goals, their mobile device deployments need to address six core competencies.
    Learn more
    Sustainable energy

    Building healthier homes to breathe easier

    Prior to the COVID-19 pandemic, the majority of people already spent 90 per cent of their time indoors, so imagine what that number is now!

    5 minutes

    Learn more
    Connected World

    Peace of mind on match day: facial recognition solution at the football stadium

    In the summer of 2019, Panasonic introduced a facial recognition system at a football stadium in Denmark to stop known troublemakers from entering,

    5 minutes

    Learn more
    Integrated Supply Chain

    Re-imagining QSR technology in a disrupted industry

    Many quick service restaurants (QSR) have set their sights on utilizing technology to help meet businesses sustainability goals, all the while remaining efficient and profitable.

    5 minutes

    Learn more
    Sustainable energy

    Good health starts at home

    With North Americans today spending more time inside their homes than ever before, many are taking a second look at their home's health and indoor air quality.

    6 minutes

    Learn more
    Integrated Supply Chain

    Food service and the “new normal”

    Discover how food service and food retail businesses are adjusting for customer expectations in a post-coronavirus world.

    5 minutes

    Learn more
    Sustainable energy

    For a Hydrogen Energy Society

    Panasonic continues its R&D on hydrogen energy technologies for a cleaner future.

    Learn more
    Social Impact

    Resources Recycling Initiatives Transform Product Manufacturing

    Panasonic turns end-of-life home appliances into reusable resources.

    5 minutes

    Learn more
    Social Impact

    Sustainable Seafood Project Places the Environment Front and Center

    Panasonic's corporate cafeterias help preserve marine resources for future generations with innovative new menus.

    5 minutes

    Learn more
    Social Impact

    Cultivate fruits and vegetables even in harsh environments with Panasonic’s it greenhouse

    A computer-controlled greenhouse that grows produce even in harsh climates.

    5 min

    Learn more
    Recent Research

    The Senior Boom is Coming: How Technology Can Assist in the Long-Term Care of Baby Boomers

    Panasonic is developing new-build and retrofit technology solutions to assist Canada’s senior care and long-term care industry.

    5 minutes

    Learn more
    Integrated Supply Chain

    How innovation in components is creating the factories of tomorrow

    Turning the human-powered factory floors of yesterday into the automated, data-driven enterprises of tomorrow.

    6 minutes

    Learn more
    Back to Trends

    Talk to our sales team to learn more about Panasonic devices and solutions.

     

    General Information

    Customer Information

    Company Information

    Product Information

    Additional Information

           Yes, I agree to receive information about Panasonic's full suite of product and industry solutions, special offers, events product innovations and new products, whitepapers, research and more. I understand I can withdraw my consent at any time. The information you provide us will be used in accordance with the terms of the Panasonic privacy policy and terms of use.

    Proceed to the following URL for consumer product requests:
    http://help.panasonic.ca/pw/customercare/support/consumeremail.aspx?l=en

    Talk to our support team to get assistance for your Panasonic devices and solutions.

     

    General Information

    Customer Information

    Company Information

    Product Information

    Additional Information

           Yes, I agree to receive information about Panasonic's full suite of product and industry solutions, special offers, events product innovations and new products, whitepapers, research and more. I understand I can withdraw my consent at any time. The information you provide us will be used in accordance with the terms of the Panasonic privacy policy and terms of use.

    Proceed to the following URL for consumer product requests:
    http://help.panasonic.ca/pw/customercare/support/consumeremail.aspx?l=en

    • About Us
    • News
    • Careers
    • Investor Relations
    • Corporate Social Responsibility
    • Contact Us

    Connect with us

    • Twitter
    • Facebook
    • Linkedin
    • Instagram Link
    • Youtube

    Select Country/Language

    • Canada - English
    • Canada - Français
    • United States - English
    © 2020 Panasonic Canada Inc. All Rights Reserved.
    • Privacy Policy
    • Terms
    • Accessibility
    • Panasonic Global
    • Consumer
    • Industrial
    Reviewed by Accessible 360