Solar panels without battery storage typically use the utility grid as a battery. First, solar energy is used to power the home directly. However, any excess energy collected is pushed onto the local grid. This means that the home uses power from the local grid when the solar panel system produces less energy, like in the evenings or on cloudy days. While this doesn’t negatively impact your rental, you should consider installing a battery for your solar panels to take full advantage of your solar system.
Below are three reasons why buying a battery for your
solar panels can improve your monthly rental income.
As a landlord or investor, ensuring that your rental property has a reliable power source during outages can greatly improve its appeal to potential tenants. As the summer gets hotter, southern California occasionally has to place a flex alert or roll blackouts to maintain the grid functioning properly.
A battery system with solar panels provides a dependable backup power supply for these disruptions. Having independent power can be a key selling point for your rental, as many tenants are still in the market for homes that offer amenities for those who work from home. Batteries for solar panels offer tenants peace of mind, knowing they can continue to work, play, or relax,
enjoying the A/C reliability and without interruptions.
By storing excess solar energy generated during the day for use at night or during cloudy days, you can help reduce your tenant’s energy bill. Tenants will appreciate the predictability of the energy bill, making your rental property more attractive and competitive in the rental market.
Electricity prices are lower during the earlier hours of the day, overnight, and on the weekends. By Utilizing stored energy during peak electricity rate periods, your tenants can expect lower electricity costs for your rental property. This can greatly improve their satisfaction, leading to more lease renewals and fewer vacancies. If your rental property includes utilities, this can be an amazing amenity to the tenant while not costing you an arm and a leg.
Installing a battery also allows storing and using more solar power from your property's solar panels. Without batteries, the electricity is sent back to the grid. It also means you maximize your investment by reducing wasted energy and increasing your return on investment (ROI).
Buying a battery system for your solar panels can help reduce your rental property’s carbon footprint by relying less on fossil fuel-based grid power. Nowadays, many prospective tenants look towards green solutions to reduce pollution and are willing to pay a premium for these features. Storing and using renewable energy generated on the rental contributes to a cleaner environment. By promoting your property's commitment to sustainability, you can attract environmentally conscious tenants who prioritize green living. This can positively affect your bottom line while also showing concern for the surroundings.
Investing in a battery system for your rental property's solar panels offers numerous benefits that cannot be overstated. These factors can increase your property's appeal to potential tenants, provide a reliable source of power, and increase its value. If you’re unsure if you want to invest in a battery system for your solar panels or need help managing your Beach City rental, we invite you to call us today at (562) 888-0247 or complete our
Owner Application online.
