The Surprising Economics of Solar + Storage
Jun 14, 2016

Surprising Economics of Solar + Storage

In the first ever report of it’s kind, Clean Energy Group analyzed the impact of integrating energy storage with solar PV on multifamily affordable housing. The report concludes that adding battery storage can reduce electric bills to essentially zero, and double the savings provided by solar alone at a fraction of the cost.

Promise Energy was invited to review the report before its release, and offer insight from experience working with multifamily affordable housing in California. We’re currently developing several energy storage projects for affordable housing, and can vouch that this rapidly emerging technology can significantly improve the economics of going solar under the right circumstances.

“The analysis provides strong evidence that integrating energy storage with solar PV installations can improve the economics of energy investments while increasing the resiliency of affordable housing,” writes Wayne Waite of the CA Housing Partnership Corporation who worked on the report.

Here are some Key Findings in the report:

If you’re interested in finding out more, we can help you discover the best strategies for incorporating energy storage on both new and existing projects, and get a deeper understanding of how energy storage can help you cut energy costs, and increase disaster preparedness.

Click here to read the full report.

If you have any questions about battery storage, or solar + storage for your projects, give us a call at 888.444.7911.

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