Shayle Kann and David Energy CEO James McGinnis discuss consumer motivations and the economic limitations of residential battery storage.
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“Folks who are buying home batteries now, right, they're generally doing it for one of two Reasons. One reason is if they're in like California and you have a net meter, if you have solar and you have net metering rules that make it like super uneconomic to have solar unless you can discharge it into the house or discharge it into the grid at different times a day when solar is not generating. And so it's economically beneficial to you to have storage in addition to solar. But the other reason outside of that specific context, say you don't have solar, you're not in a California type net metering Thing. It's basically entirely a resiliency value proposition because the economics, if you're just trying to save money on your bill of having a battery, aren't, at a residential scale, are not that great yet.”
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