Experts: Powering your home with batteries is going to get cheaper and cheaper
In the past few weeks, there’s been a battery of new studies on batteries. Not the kind in your cellphone, but a much more revolutionary make – the kind that is already powering many cars, and that might someday help power your home.
A recent study in Energy Policy, for instance, found that the cost of batteries for home systems (to store the energy collected by rooftop solar panels) is starting to decline – although even with these systems, it probably won’t be economically optimal for most people to ditch the grid entirely. Another report by the Rocky Mountain Institute similarly found that within 10 to 15 years in some places, the most economical choice for home energy could be a solar plus battery system, meaning that there could be a great deal of “load defection” from the traditional electricity grid.
Finally, a new study in Nature Climate Change documented that there has been a steep decline in the cost of lithium ion batteries for electric vehicles like Teslas – 14 percent per year plunge since 2007.