Dive Summary:
- SolarCity Corp., the rooftop solar powerhouse, is developing a battery storage system to cut out the need for homeowners to sell excess energy to utilities in an arrangement called net metering. The time couldn’t be more perfect. Utilities are starting to combat net metering because it cuts into their revenue.
- By 2015, SolarCity will introduce a bundled package of solar panels to generate power during the day and batteries that will retain the power for use at night, says Chief Executive Officer Lyndon Rive about his California-based SolarCity company testing 100 sites in 2013.
- “There won’t be a need for net metering when storage is deployed onsite,” Rive said. “Storage is going to have a big impact.”
From the article:
“Net metering policies are in place in 43 states. Rive said storage will mitigate the risk that regulators may repeal or revise them by reducing the amount of power utilities must buy or the rates they pay.”