Payment plan for home energy storage system

How do I finance my energy storage system?

Similarly to solar, there are three primary models for financing your energy storage systems, with slight variations from what’s available for solar. The most common way to pay for a battery is through an upfront, or cash, purchase.

How much does energy storage cost?

But storage isn’t free: to take advantage of the myriad benefits batteries offer, you’ll first need to pay for your energy storage system. When paired with a solar panel system, a typical battery will cost around $15,000 on EnergySage.

What is a battery energy storage system?

A battery energy storage system, often referred to as a ‘battery storage system’, is a system that stores electrical energy in batteries.

How much does a battery cost on EnergySage?

When paired with a solar panel system, a typical battery will cost around $15,000 on EnergySage. While there aren’t as many ways to pay for batteries as for solar, you still have a few different options to pay for storage at your disposal, each of which has pros and cons.

How does a solar storage system connect to a house?

A solar storage system connects to a house in two main ways: DC (direct current) coupled or AC (alternating current) coupled. DC-coupled battery storage systems are integrated into your solar system, with a single inverter converting DC electricity to AC to supply your house or feed back into the grid.

What is a storage loan?

Storage loans are another way to own your system outright. They let you pay for the system over ten years, as opposed to all at once upfront. There are two different types of storage loans: Solar-plus-storage loan: the most common way to finance a storage system is through a dual solar-plus-storage loan.