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Home Solar Power Battery Storage: Generate Daily Revenue From Your Panels Through Solar Arbitrage

Solar power is one of the most common forms of renewable energy that we find in homes today. Due to the affordable technology and the government’s push, there has been a big jump in the number of homes that are installing solar energy systems in their homes. Currently, solar power accounts for around 3% of all energy produced in the US, and it is predicted to go up in the coming years.

Solar panels and energy storage equipment being more affordable than ever has played a big role in this increase in popularity. For a residential setup, the average cost of installation of a solar system has fallen by over 60% during the period from 2010 to 2020. This along with other federal and state schemes for tax credits and other incentives has resulted in increased traction for solar energy.

There are of course other benefits to consider here. Increased energy costs have been hampering daily life with low-income households having to reduce their consumption. With incomes already hampered by the pandemic, it is natural that power costs will be a worry for most households. Solar power is affordable and it can take your household virtually off-grid. It is also clean energy and hence sustainable. If we are to talk about the benefits of solar energy, there’s enough to fill pages. But this blog has a different purpose.

As more homeowners like you consider solar installations in your homes, there is a real opportunity for some revenue too. Solar arbitrage is what this opportunity is called. With a home battery storage system and some smart planning, you can not just reduce your electric bills. You can get some money back too. Here’s how solar arbitrage can help you.

What’s Solar Arbitrage?

In simple terms, it’s taking advantage of the difference between peak and off-peak rates in electricity and also selling the energy you produce and store via solar into the grid. This may sound pretty complex but let us explain.

The peak tariffs for electricity usually kick in between 4 pm and 9 pm when there is a huge electricity demand. the time from 9 pm to 8 am and 8 am to 4 pm are usually off-peak hours. If you have solar, the difference is that you can get your solar batteries charged between the 8 am to 4 pm slot and use this at a later time.

If you are in California, the Net Metering (NEM 2.0) plan allows you to get credit for the electricity that you are feeding back into the grid at the same retail rates as you are purchasing it. This means that if you can store solar energy in your energy storage system during the day and send it into the grid during peak hours, you can earn peak hour tariffs. You can then use the grid power at off-peak rates to recharge the home energy storage and also for other usages.

For further clarity, here’s how it can work.

The Summer peak electricity rates for weekdays fall between 4 pm and 9 pm and cost about 53 cents per Kilowatt-hours (KWh) (Rates for SCE). The off-peak rates are at 33 cents. If you have a solar battery storage system, the batteries can be fully charged during the day using solar and this energy can be sold back into the system at 53 cents during peak hours. Post the peak hours, you can use the nighttime rates to either charge the batteries again or to use this for your home needs such as running appliances that consume a lot of electricity.

What Do You Need for Solar Arbitrage to Work?

Getting solar arbitrage to work involves understanding your energy needs, energy use patterns, and of course some infrastructure requirements that make this possible. Here are some important things you need.

  • A battery storage system
  • A TOU plan
  • Proper planned usage

Let us look at these things in detail.

A home Solar Power Battery Storage System

The purpose of this is quite understandable. A lot of homeowners tend to install solar panels and no energy storage facility. This would mean that whatever solar power is being produced needs to be consumed and the leftover power will be fed into the electric grid.

But a battery backup system helps utilize this energy at a later time. Battery storage systems are also improving with advancements in battery technology. Today there are different types of batteries available for use and most of these help a great deal in storing and using the energy produced from the solar panel system. While lead-acid batteries are quite popular, lithium-ion batteries are the most popular. Lead-acid batteries are of course cheaper but they have shorter lifespans. The battery capacities are also improving allowing buyers to invest less and store more energy.

The storage capacity of the battery system you need depends on the amount of power you need to power the whole home and also the capacity of the installed rooftop solar panels. If you also need your air conditioning and heating systems to work on backup power during blackouts or power outages, you may need larger capacities of batteries that can store a lot more power

It is also important to have the batteries grid-tied so that the system can be charged either via solar power or via grid power depending on what your preferences are.

There are other forms of energy storage also available in the market apart from batteries but most of these forms cost a lot more and often the amount of stored energy is lower than battery systems.

Planned Usage of Electricity

If you are to take proper advantage of the solar arbitrage, you also need to get a good hang of the amount of electricity you use and when you use it. An energy audit will give you a good idea as to how much power you consume and what appliances or activities consume the most power. This will also help you identify and cut down on power consumption and also fix issues with the electrical systems in your home.

Once you know how and when you consume power, the next step is to plan the usage for solar arbitrage. This would essentially involve trying to move most of the high-consumption activities to off-peak times. Say washing machines or dishwashers can consume a lot of electricity and using these appliances exclusively during off-peak hours will help you save on power.

Time of Use Plan

A time of use plan is critical for this to work. Mostly a flat tariff rate works for you if you are using power off the grid only. If you have alternate sources of power, having a TOU plan may help.

If you do not plan properly, a TOU plan may end up costing you more. However, if you can monitor and regulate your power usage, you will be able to save a lot more and even earn some money by selling electricity into the grid.

Closing Thoughts

Getting solar arbitrage to work for you is not easy. There are of course some level of investments involved and you would also need to be careful with your usage patterns. But at the end of the day, if you can manage this well, you are well on your way to energy independence.

A word of caution is also necessary here. The prospect of earning revenues is dependent on the policies that the local utility provider gives you. California has some of the most attractive policies when it comes to solar power and renewable power due to NEM 1.0 and NEM 2.0. The catch is that the California Public Utilities Commission (CPUC) is currently working on NEM 3,0 which would reduce the amount of credit you can earn from selling into the grid by 40-80%.

Solar arbitrage is a wonderful idea in more ways than one. You move closer to recovering the cost of installation, you save on electricity bills and of course, you contribute to a greener planet by reducing the dependence on non-renewable energy sources.

If you are looking for a solar power system that can take care of all your home electricity needs, you need help from the experts. Enlightened Solar is led by veterans with 20+ years of experience in solar installations. With warranties up to 25 years, we provide you with all the tools to be energy independent. Talk to us today to get a quote.

Does Installing Solar Panels Increase My Home Value?

Are you concerned about whether the installation of solar panels will have a positive value on your home? 

Solar panels can add value to your property. You don’t have to overthink it, especially if you go solar in Orange County. We will discuss the ins and out of home value increases due to adding solar panels. Many people looking to buy or rent property opt for homes with installed solar panels.

So, how much will your home value increase in 10 years?  Installation of solar panels has grown in the last five years in popularity and it has been attributed to protecting the environment and saving on electric bills

Different regions have different property rates, hence the question; Is there a guaranteed rate of home value? Remember that self-installing solar panels is not advisable, especially if you are going to be doing a roof installation.

US-Solar-Power-Generation

(Source: CNBC)

Let’s examine:

  • How Much Do Solar Panels Increase Home Value?
  • How do Solar Panels add Home Value?
  • Are Home Buyers Looking for Homes with solar panels?
  • Advantages and Disadvantages of Buying a Home with Solar Panels
  • Property Taxes
  • Are Solar Panels Worth it for Residential Homes?
  • FAQs on Home Value Addition by Solar Panels

Before installing a residential solar system, you may stop to wonder: Do solar panels increase home value? The answer is a resounding yes.

Here, we’ll go over how many solar panels can increase the value of your home, as well as how that increased value affects property taxes and whether buyers are looking for homes with solar systems. 

With this knowledge, you can make an informed decision about whether solar panels add value to your house.

How Much Do Solar Panels Increase Home Value?

Many homeowners, buyers, and appraisers know that installing a residential solar system can increase a property’s market value and give it a guaranteed rate of home value. 

You need to understand that solar ROI is huge and worth it. So when you think of installing your solar panels, make sure that you find a professional solar company for solar quality installation services to ensure that it is done correctly and will generate the most value.

In addition, a study confirmed that solar installations could increase a home’s resale value by 4.1% of the home’s value. 

Where do these figures come from, exactly? To begin with, consider that homes with solar installations tend to sell for about 4.1% more than homes without. A research study from Lawrence Berkeley National Laboratory reveals an increase in the resale value of approximately $5,911 for each kilowatt of solar power installed.

So, how much do solar panels increase home value? Let us go through a chart that outlines the average figures that increase the home value:

Home Solar System SizeAverage Amount Solar Panels

Increase Home Value*

4 kW$23,644
6 kW$35,466
8 kW$47,288
10 kW$59,110

*Figures based on a study by Lawrence Berkeley National Laboratory.

Note that these amounts are roughly in line with the total cost of a solar panel system, which may just be the incentive you need to take the plunge into solar power finally. The solar ROI is worth every penny that you invest. 

So, what is it that contributes to the home value addition when you invest in the solar system?

Solar-energy-floor

(Source: USNews)

How Do Solar Panels Add Home Value? 

Installing your solar panels is the best financial decision you will ever make. Not only will you save on energy consumption, but you also can earn more money with the extra energy sent to the grid. It’s impressive that your utility company can pay you for extra energy transmitted to the grid.

Further, you can apply some energy-saving tips such as switching off the lights that are not in use; it will help you in getting a further reduction in your electric bills. Finally, several factors influence the value-add of solar panels. Some of the most common include: 

Geographic Location

Note that different regions in the U.S.A have diverse electric costs. Therefore, depending on where you live and the cost of electricity, you can rate the value that a solar panel brings to your home. 

In addition, geography can influence the amount of sun exposure you get and the social benefits of installing solar power. For example, Orange County in California has many people investing in solar annually because of the amount of premium sun the area receives. 

Going solar in California is perfect due to the sunny climate all around the year. The available government incentives and tax credits are also a worthy reason to go solar. Due to this, many organizations offer grants for installing solar panels. The goal is to protect the environment by ensuring that every home is well secured with solar panels.

It makes it valuable for residents to invest in solar energy. In addition, the incentives that come with it are an excellent motivator for homeowners to invest in solar.

Local Solar Installation Prices

Another geographic factor is the cost of getting a new system in your region. Let us be real here, do not settle for mediocre installation services! You will need to find high-quality solar installation providers who know their job. 

That said, note that the cost of installing solar panels is not cheap if you hire a company that knows how to do the job well. That all adds up to the home value that solar panels add. 

Buyers find it affordable to buy homes with already installed solar panels. It saves them the hustle of engaging installation companies and supervision and making common solar shopping mistakes while shopping for solar. 

System Output

It is essential to know that a more extensive system with more energy generation will provide more added value. The more the solar panels, the more the kilowatts and thus more energy produced. 

If your system is highly efficient on residential energy needs, it adds more value to your home.

System Age

If you have an older solar system, you’ll need to account for depreciation. Older systems won’t add that much value to your home when you sell it, as there’s a higher chance the buyer will need to do repairs or replace parts sooner rather than later. 

That also sums up with the old roof. Again, do not install solar panels on an old roof because you will not be increasing the home value. But, you may ask, how much does a new roof increase home value?

Note that quality roofing is a sound support system for solar installation. 

System Replacement Value

Along the same lines as system age, how expensive or challenging it is to find replacement parts of your system affects its added value overall. 

Remember that solar panel maintenance is an essential aspect of the investment. Sometimes you will need to replace some parts. How available are they in the market? 

This will determine whether it is worth it to have solar panels. You need to invest in a solar system that guarantees you a quick replacement when needed. Also, self-installing solar panels is not advisable as you may tamper with the quality.

Are Home Buyers Looking for Homes with Solar Panels?

Benefits-of-Solar-Energy

(Source: SEIA)

When figuring how much solar panels would increase your home value, it’s prudent to think just how enticing a solar system is to buyers in your community. Of course, it will vary by geography and, precisely, by local knowledge on solar.

Simply put, buyers won’t be as willing to invest in a solar system if they don’t understand how solar panels work or how they can benefit from them. For instance, the residents of California know the importance of buying homes with already installed solar panels.

There has been education on the importance of installing solar panels. Therefore, everyone is inclined to invest in the system. In addition, there are grants for installing solar. 

That said, some data shows homeowners to be pretty open to energy efficiency features, for the most part. Solar panels save you on electric bills, protect the environment, earn you money, and most importantly, if you decide to sell your home, it will be more valuable.

Some earlier data from the National Renewable Energy Laboratory shows that homes with solar panels sell 20% faster and 17% more than those without. 

Advantages and Disadvantages of Buying a Home with Solar Panels

The good news for home buyers is that even if solar panels raise the price of your new home, their presence is more positive than negative. It is because solar panels are generally considered a good return on investment. 

Since their upfront costs are usually much higher, having them already in place is not likely to incur any further investment above a raised asking price.

Investing in solar energy is one of the best things you can do for the planet. They reduce electric bills and foster energy independence. You’ll also want to inspect and service the panels before you move in to ensure that they are in good working condition.

Property Taxes

When your property values go up, that usually means that your property taxes increase as well. 

The good news is that many states like California offer exemptions and tax credits, meaning that when you install a solar system, your property taxes do not go up, even if your property value rises.

Solar-adds-home-value

(Source: CaliforniaEnergyCommission)

Are Solar Panels Worth It for Residential Homes?

As you weigh the advantages of solar, it makes sense to consider the overall impact on your property value. You’ll also want to take into account factors including:

  • Your Utility Bills Each Month 

If you live in an area with high average electricity rates, you’ll get a better return on your solar energy investment. Remember to apply energy-saving tips to save more energy.

  • The Amount of Sunlight Your Home Gets Throughout the Year 

Some homes are better positioned for solar panel installation than others. If your home is situated at an optimal angle for harnessing the sun’s energy, it makes more sense to go solar.

  • Financial Incentives Available to You 

All American homeowners are eligible for the federal solar tax credit. Still, many states and municipalities have added rebates, low-interest loans, and other financial incentives for their residents as well. So make sure that you save and gain. 

As we finalize, we’d love to take you through some of the Frequently Asked Questions on solar panels increasing home value.

FAQs on Home Value Addition by Solar Panels

Do solar panels hinder the resale value of your home?

No. Installing a home solar system increases the resale value, particularly if you have a high-efficiency system that helps lower monthly energy bills.

Multiple studies have shown that buyers are looking for more energy-efficient homes to reduce their carbon footprints and help save on electricity bills.

Do Bigger Solar Installations Present a Better Value-add than Smaller Systems?

Bigger solar installations may present a better-added value than smaller systems. However, it’s not the number of panels that matters so much as the power output in many cases. The solar panel needs to present the required efficiency in the home. 

What Value Does Solar Add to the Home?

A few studies have shown that solar installations increase a home’s resale value by about 4.1% of the home’s value. However, this can vary quite a bit from one geographic location to another.

Am I Able to Save Money with Solar Panels?

While the initial investment may be steep, solar panels can help to reduce or even eliminate your monthly electric bills. These ongoing energy savings are an excellent addition to property values.

You Have All the Reasons for How Solar Energy Increases Your Home Value. Now, All You Need To Do is to Go Solar! 

Do solar panels increase home value? We believe you now have an extensive answer. Investing in solar panels gives you a guaranteed rate of return at home value. 

Therefore, it is a worthy cause if you think of installing your solar panels. The solar ROI that you get is worth every penny.

Note that solar panels add value to your house. All you need is a high-quality installation company to work on your solar installation. They will also assess the roofing and the environment to ensure maximum efficiency from your system.

If you are interested, contact Enlightened Solar for all your installation needs. You will also get good advice depending on your home energy needs. 

At Enlightened Solar, we know the need to have an efficient solar panel for your home. We shall also advise you on the solar tax credits and rebates you can apply; let’s make your work easy.

Contact us today for any queries and also get a quote!

How Do I Choose My Solar Panels? Your Guide To Choosing The Best Solar System Deals

If you are struggling with the rising electricity costs and need to subsidize them, you are about to make one of the best decisions for your home.

Investing in solar installation in Orange County will help you get continuous electric energy, which is reliable and will help you cut your monthly electric bill. The reason is that California has the best climate to accommodate solar panel investments. The sunny days are perfect for the production of energy that will be sufficient to run your home.

As you look to buy solar panels in Orange County, I’m sure you are wondering how you will identify the best solar deals. It is a valid concern, given that most homeowners have been duped by brokers pretending to be professionals.

You should be aware that California has many solar companies due to the considerable renewable energy investment. In addition, the government of California has been encouraging residents to embrace renewable energy, and the industry is doing well in general.

Most homeowners make wrong decisions while looking to buy solar hence getting low-quality services. While on the search, you should be keen that the solar company you settle for is reliable and ready to offer solar service help when you are in need.

Remember that a solar system can last you over 25 years. So if you hire a professional solar installation services company in Orange County, your engagement with this company will be over a long period of time. 

The installation of a solar system in your home is a brilliant financial decision. Now that you are at this point, I’m sure you clicked because you want to learn how to find the best solar deals. Note that there are many factors to consider as you evaluate offers from different solar companies.

It is essential to know that the installer you hire, the equipment you pick, and the financing options available are crucial in your solar savings decision. This article looks at all the factors you should consider to land yourself the best solar deal in Orange County, California. So sit back and enjoy the read because I’m the plug you have been searching for.

Here is what we will examine;

  • What criteria should I use to Identify the best solar deals in California?
  • Energy Production
  • Manufacturer quality
  • The Inverter
  • The efficiency of the solar panels
  • The cost of the solar panels
  • The solar installation Company

What criteria should I use to Identify the best solar deals in California?

There are many ways that you can evaluate solar panels to get the best deal. Some of the methods include checking on the production, manufacturer quality, and durability. 

Energy Production

The solar panel you choose must have the ability to produce the amount of energy that will be sufficient for your needs. The amount of electricity produced by a solar system is dependent on the power rating, power tolerance, temperature coefficient, and efficiency. When you thoroughly evaluate these, you can know how much power your panel will produce. 

You do not want a solar system that cannot handle your energy needs. It will be a waste of time and money. That is why you should be able to consult reliable solar installers in Orange County for guidance. 

And how will they help you?

They will visit your home, assess your energy needs, and further advise you on a suitable production setup for a solar system. With this, you are eligible to get the best solar deals in California. In addition, your solar panel should be able to produce extra energy that you will store on the grid for use at night

Manufacturer Quality

In every solar shopping experience, we are always curious to know the manufacturer of the product. Knowing the manufacturer can help us associate the quality of the product with the manufacturers. It is no different for solar panels, where you should look at the indicators of manufacturer quality.

Plus…

Some benefits come from the manufacturer, such as a warranty and offers specifically for their equipment. For example, despite being a long-term investment, the production efficiency of solar panels goes down with time. On this point, the manufacturer guarantees that the power production of their panel cannot fall to a certain threshold in a 25 years period. Furthermore, it will be accompanied by a warranty if it does not meet the assurance provided.

Isn’t this a reasonable assurance? 

Now, do not buy solar panels blindly. It may fail on you, with no warranty and nowhere to claim the loss.

On the other hand, do not forget that solar panels are made to be very durable. Depending on where you live, make sure that the solar panels you buy can withstand the climate, such as snow and high winds.

However, Orange County solar is reliable due to the regions’ ability to provide long sunny summer seasons. Therefore, you should worry less about the inefficiency of your solar panels.

Solar-system-connections

(Source: Quote.com)

The Inverter

The inverter is an essential piece of equipment in your solar panel. It is responsible for converting solar energy into electric energy that you can use in your home. When the sun hits the solar panel, the energy is taken into direct current (FC) power. The inverter comes in to convert the DC power into an Alternating current (AC) that is usable. 

As you look for solar panels in Orange County, note that there are two types of inverters that are; 

  • String inverters
  • Module-level power electronics (MLPEs)
  • String Inverters

String inverters are an excellent option for your home, especially if your system has optimal conditions for production. In addition, they are the lowest-cost option for a solar energy system. When your solar panel system has a string inverter, all panels feed the DC power they produce to a single inverter. The inverter then changes the DC energy to AC power, at which point your solar energy is ready to use.

  • Module-level power electronics (MLPEs)

You find that MLPEs are more expensive, but they can also be more efficient. Therefore, MLPEs are an excellent choice for your solar energy system. When using microinverters, each panel has its inverter to transform the power it creates and feed it to your home. 

Power optimizers, like microinverters, are also installed on every solar panel, but power optimizers are paired with a string inverter. The power optimizer conditions the energy, making it easier to convert from DC to AC, at which point it is sent to the central inverter.

The Efficiency of the Solar Panels

When you are out shopping for solar panels, you need to ensure that the efficiency will be suitable for your home. You do not want a system that will go off on you when you need it most. 

So, how do you ensure that you get the best deal in terms of efficiency?

As a homeowner looking to save on your electric bills, I believe that one of the concerns that you should not compromise on is the efficiency of the solar panel. The efficiency of a solar panel is measured in the ratio of the solar energy that hits the panel surface and the electrical power generated by the module.

Why is this so?

If the panel absorbs half the energy in the sunlight, the module conversion will be 50 percent. It is estimated that solar panel efficiency ranges from 15% to 22% in the real world.

You should look for the most efficient solar panel because the higher the efficiency, the more electricity you will get per square meter. In addition, you will require less roof space when you have high efficiency because you can work with a small solar panel. 

Make sure that you get an efficient solar panel. It may be more costly, but it’s worth the value. As you find the best deals, look for solar panels with high-efficiency modules as one of your best choices. With an efficient solar system, you are sure to enjoy Orange County solar. 

The Cost of the Solar Panel

Solar-Cost-Effects

(Source: SEIA)

The cost of the solar panel could give you a good clue on whether it is a great deal. The cost of the solar panels is calculated through watts of power per dollar module or dollar per watt.

For an excellent quality solar panel, expect a cost of about $1.60 per watt. The price is for the panel only, excluding installation. You should be careful not to choose a solar panel based on price only. You will find that low-cost systems will cost you poor performance and unreliability.

Seek solar service help from professional solar panel providers who will guide you on what solar system will give you value for your money. A good deal should come with a warranty, quality, and service. Be wary of brokers who come in to entice you with sweet deals.

Solar Panel Installation Company

Annual-Solar-Installations-California

(Source: SEIA)

Here comes the catch!

Did you know that the installation company largely determines the efficiency and durability of solar panels? Therefore, you should be keen on hiring the best. 

Your solar panels should be installed by professionals who are aware of their work. When you hire an installation company, they should visit your home and assess the physical location. That way, they will advise on the installation you need, depending on the home’s needs. 

Avoid some common solar mistakes made by homeowners as they choose the installation companies to work with. Your solar installation company is one of the most critical factors of your solar installation! When you choose a solar installer, ensure you review their certifications, licenses, track record, and reputation in the market. 

A professional solar installation company exhibits transparency and knowledge in its craft. They should be able to grant you an installation warranty for their services and long-term commitment. In addition, they should be ready to assist and offer solar service maintenance as time progresses.

Make sure that you ask questions to get all the clarity you require. Going solar is a great choice; just make the right decision before settling on one.

There you go! You have all the hacks you need to make sure you go solar with the best deal

You will get the best solar deals in California if you follow the points illustrated in this article. Assessing the energy production of the solar panels, manufacturer quality, the inverter, cost of the solar panels, and getting a tremendous solar installation company is the road to a successful solar deal.

Orange County solar has been rated the best due to the favorable climate in California. Do your research and hire the best solar companies in Orange County with trusted installation services. You will enjoy great benefits including a warranty that will help you as you seek solar maintenance services. 

As a homeowner looking to invest in solar, note that you will need to continuously maintain your panels. It will be through cleaning of dust particles, and also checking that the glass on top does not break. Seek solar service help from your provider to ensure that they fix it in case of any major issues. Investing in solar will save you a lot of money, and in addition, you can apply energy-saving tips to protect further.

At Enlightened Solar, we have helped many homes go solar in Orange County. Visit our website and reach out to us for consultation. Let us take you through the best solar deals and help you begin this incredible journey. What we assure you are; You will never regret it.

Go solar, and let us hold your hands.