Battery storage does not directly improve the efficiency of solar panels themselves. However, it does increase the overall efficiency and utilization of a solar energy system by allowing excess solar energy to be stored and used later, rather than sending back to the grid with a low economical benefit or none at all; depending on your utility provider.
Smart energy storage systems as Moduly Nødz integrates a solar optimization algorithm that helps homeowners to get more of their solar production. Here's how battery storage improves the efficiency and utilization of solar panels:
1. Stores Excess Solar Energy
Solar panels generate electricity only when the sun is shining. Without battery storage, any excess solar energy produced beyond what is immediately consumed gets sent back to the grid, with a low economical benefit or none at all; depending on your utility provider.. With batteries, this excess energy can be stored for later use, maximizing the utilization of the solar panels' output.
2. Reduce reliance on the grid
Battery storage allows you to use stored solar energy during periods when the solar panels are not producing power, such as at night or on cloudy days. This improves the overall efficiency of the system by reducing reliance on the grid or other energy sources when solar production is low. Moduly AI learns from your solar production and schedules the best time to recharge the battery during the peak of productions.
3. Increases Self-Consumption
Typically power companies don't have a solar buy back program or not give you a fair competitive rate on your solar buy back, so storing excess solar energy in batteries is very important. So, you can consume more of the electricity generated by your own solar panels, rather than sending it back to the grid. This increases your self-consumption rate and reduces the amount of energy you need to purchase from the utility, improving the overall efficiency of your solar investment.
4. Enables Time-Shifting
With battery storage, you can shift your solar energy consumption to times when electricity rates are higher, such as during peak demand periods. This allows you to maximize the financial benefits of your solar system by using stored energy when it is most cost-effective. Pairing a Moduly energy storage system with a solar panel can increase the electricity bill savings by 10%.
5. Provides Energy Security
Battery storage ensures a reliable and consistent supply of electricity, even during grid outages or disruptions. This improves the overall efficiency and resilience of your energy system by reducing downtime and ensuring continuous power availability.
While battery storage does not directly affect the conversion efficiency of the solar panels themselves, it significantly improves the overall efficiency, utilization, and return on investment of a solar energy system by allowing you to store and use more of the energy generated by your solar panels.
Benefit from all these with a plug-and-play energy storage system that is compatible with more than 260 solar inverter models. We support most of the larger smart solar inverter brands, and we are constantly working on adding support for new brands. Currently Moduly can connect wireless to the following brands:
- Enphase
- Fronius
- Growatt
- SolarEdge
- Huawei
- And much more!
To see the complete up to date list, please download our mobile application
Sources:
1. https://www.energy.gov/eere/solar/solar-integration-solar-energy-and-storage-basics
2. https://www.nrel.gov/solar/market-research-analysis/solar-plus-storage-analysis.html
