With the prices for electricity and gas skyrocketing in the new age, it’s becoming extremely hard to keep up with the rising costs of heating and powering your home. It’s becoming a real-estate trend to forego most of the hassle entirely, and purchase battery and solar panels for the home, making it self-sufficient. Solar heating and electricity storage may be the next power wave of the future.
Taking yourself off the grid can halve or even eliminate your monthly payments to the electric company, saving you tens of thousands of dollars in the long run. Whether you’re looking to distance yourself from the trouble of dealing with corporations, or simply trying to get rid of the middleman, a house sized battery can be a good way to become independent.
At about $7,000-$10,000, high-tech batteries can go a long way in powering your home and saving you money. While this is a large investment, many people are insisting that they pay for themselves rather quickly, especially in areas where electricity is an expensive necessity. They are sleek and usually the size of large appliances, and are both controllable and adaptable.
Paired with solar panels, these batteries have the potential to take you almost entirely off the grid, and increase the value of your home in the process. Even if you don’t decide to install solar panels, the batteries themselves are valuable investments, especially to a homeowner.
Another benefit of going off the grid, is the market for batteries is only growing. In the next six years, it’s said that the industry will grow to be worth almost 18 billion dollars, a whopping number to anyone investing in the technology right now. It’s been predicted that we will begin to see massive growth in renewable energy solutions in the future, solar panels and batteries included.
It’s also estimated that, to take yourself 93% off the grid, would cost anywhere from $37,000-$40,000. However, this is assuming that your property has access to established grids in case of emergency or unavailable renewable power. To go completely off-grid and remain stable, it could cost much more, upwards of $75,000.
While forty thousand dollars may sound like a lot to spend on home improvement, it can go a long way in saving you money over time. Even if you decide to sell your home after installing the new energy sources, your home value will have skyrocketed from the improvements. A real estate agent in Texas will tell you that houses listed with renewable energy sources and self-sufficient “green technology” are automatically more appealing than ones without those benefits, so you would be looking at money either way.
In some cases, you can make money off of your excess energy just by producing it yourself. Some electricity companies will buy whatever they don’t use from you, and pay you for contributing to the grid. In return, you can pay them in case you ever experience a shortage on your end, and you can avoid going completely off-grid while still reaping the benefits of having an internal source of power.
With many people becoming frustrated with soaring prices and ridiculous monthly bills, becoming self-sufficient may be the solution needed to free themselves from those contracts.