Solar power is a clean, renewable source of energy that can help businesses reduce their utility costs. Solar panels generate electricity during the day, when utility rates are typically lower. This means that businesses can generate their own electricity at a lower price than they would pay the utility.

The excess solar power can be stored in batteries for use during peak demand, at night, or when the sun is not shining.  If needed, business can also take energy from the grid late at night or early in the morning to top of the batteries.

By combining solar power and battery storage, businesses can reduce their peak demand and lower their demand charges. Peak demand is the highest amount of electricity that a business uses in a given period of time. Demand charges are based on a business’s peak demand, so by reducing peak demand, businesses can save money on their utility bills.

In addition to reducing utility rates, solar power can also help businesses to improve their environmental impact. Solar panels do not produce emissions that contribute to climate change, so businesses that use solar power can reduce their carbon footprint.

Overall, solar power is a valuable resource for businesses that are looking to reduce their utility rates and improve their environmental impact.

Solar Installers – as you know, commercial customer rates and usage are never “one-size-fits-all.”  Here is a quick financial example of what is available for your existing customers when you add a Foundation Power energy storage system to an existing PV installation. The economic incentives for adding solar are unmistakable. When you can offer a bankable solution with performance assurance and project financing from Foundation Power, you have a compelling and profitable offering.

Storage added to Solar is heavily incentivized from four directions

Right now, the new Option S tariff, which is available only for storage+solar installations, reduces demand charges 30-50% above the previous Option R solar tariff. Add to that the California SGIP incentive, which covers a significant portion of the cost of storage and the new equity budget incentive, which also increases storage incentive for locations affected by PSPS.