In our world of growing concerns with global warming, utility companies across the world are making energy storage more cost effective for energy users. Initially, energy storage was developed to reduce the energy cost to the customer. However, there are many more issues which now benefit the utility companies, hence the rebate and incentive programs offered to get customers to implement energy storage.
Some of these issues include reduced water usage goals, reduced carbon footprint goals, LEED certification, and grid stabilization to integrate more renewable forms of energy. There are many ways to capture the cost savings of energy storage, but here are the top four ways to capture those cost savings to show the financial viability of energy storage.