Battery Storage ROI Analysis
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It’s been a while since my last post and I’m taking my occasional blog in a different direction.
Over the years I’ve learned that utility tariffs, although hard to follow, vary widely. They can have a significant financial impact on behind-the-meter activities, depending on the numbers.
The map below shows the return on investment for batteries behind a commercial meter in each zip code.
It is interesting to note that most of the higher value markets are in non-choice states.
Sources and assumptions:
- Utility Rates by Zipcode: https://openei.org/wiki/Utility_Rate_Database
- Cost of battery storage $1500 / kW:
https://www.eia.gov/analysis/studies/electricity/batterystorage/pdf/battery_storage_2021.pdf
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