The World's #1 Renewable Energy Network for News, Information, and Companies.

SolarCity Offers Power Storage to Lower Customers’ Utility Bills

SolarCity Offers Power Storage to Lower Customers’ Utility Bills

SolarCity Corp., the second largest U.S. solar company by market value, is offering power-storage systems to commercial customers that will reduce utility bills and provide electricity during blackouts.

The systems will let retailers, schools and offices in parts of California and New England lower their peak power consumption from the grid and reduce demand charges from utilities, said Chief Executive Officer Lyndon Rive.

The storage offering is another way that SolarCity and other companies are providing systems that let consumers and businesses produce and manage their own electricity, threatening utilities’ revenue, he said.

“We’re initially targeting markets where the utilities are collecting high demand charges,” Rive said in an interview. “We can reduce those by about 20 percent.”

SolarCity will lease the batteries through 10-year contracts that have no upfront costs. Customers will typically save more on demand charges than they will pay each month for the systems, Rive said.

Demand fees are based on a company’s peak power consumption each month. Storing electricity when usage is low lets customers draw from the batteries instead of the grid when they need moreenergy, lowering peak demand. The company is using batteries from electric carmaker Tesla Motors Inc., run by Rive’s cousin and SolarCity’s biggest shareholder, billionaire Elon Musk.

The DemandLogic battery product is in addition to SolarCity’s main business of offering rooftop solar-power systems. The company is offering storage initially to new commercial solar customers, and Rive estimates that as many as half of them will want to add batteries. The first installations should begin in the next six months, he said.

The batteries are filled from the grid most of the time. During blackouts, the system will automatically switch to electricity produced by the solar panels to ensure that customers continue to have power.

First Solar Inc. is the biggest U.S. solar company. SolarCity shares have more than quadrupled this year.

Copyright 2013 Bloomberg

Lead image: Cut bills via Shutterstock


Welspun Commissions 52-MW Solar Power Plant in India

Vince Font Leading Indian solar developer Welspun Renewables has commissioned the construction of a massive solar plant in the state of Maharashtra. The planned 52-megawatt (MW) solar plant will be located in the city of Baramati. Th...

Major US Corporations Pledge To Increase Renewable Energy Usage, Decrease Carbon Footprint

Justin Sink, Bloomberg Executives from 13 major U.S. corporations are announcing at least $140 billion in new investments to decrease their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Na...

Energy Storage and Geothermal Markets Look To Team Up in the Hunt for Lithium

Meg Cichon In today's fast-paced tech environment, no one can make a splash quite like Elon Musk. So when he decided to enter the energy storage game in 2014, he did it with gusto. Musk is now in the process of building what he coine...

Regional News from the July/August 2015 Digital Edition of Renewable Energy World

Renewable Energy World Editors EcoFasten Solar announced that it launched a new mounting "Rock-It System" that it would be displaying during Intersolar. Product compliance was determined through testing per UL Subject 2703, which reviews integ...


Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:



Presenting at Infocast's Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...


Behind Every Good Decision

When something about your business isn’t working, you set out to c...

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

An Overwhelming Paradox

I’m sure we’re all very familiar with the feeling of being o...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now