For years, analysts have discussed the game-changing aspects of workable energy storage in the home, but there were no viable energy storage alternatives that the average family could afford.
Today, energy storage research and development have evolved to the point where energy storage may have become a reality. A Journal Sentinel article highlights technological progress occurring with lithium-ion battery storage and an $18 million project based out of Ohio that is twice the size of Wisconsin’s largest solar project.
Another Bloomberg piece covers Tesla’s new Powerwalls energy storage unit designed for the home market. The article states that over 2500 of these units were delivered in the first quarter 2016. The powerwall can store energy drawn from energy sources such as solar panels and is presently retailing for around $3000. Sales are occurring outside of the USA as well and include Australia, the UK, and South Africa.