Electrifying your home? A home battery system can help

  • Financial & Incentives
Can you truly offset the increase to your electric bill?
April 16, 2024 / 5 min read
Going all-electric is one of the best ways to reduce your carbon footprint, improve your indoor air quality, and modernize your home. Replacing older, less efficient appliances that burn gas with newer electric models will make your home cleaner and more sustainable. But how will the switch to electric impact your electric bill? This is where a home battery system can make all the difference. Battery storage gives you greater control over when you draw energy from the grid and, therefore, how much you pay for it. What is electrification?  Electrification is the process of transitioning your household to appliances that run on electricity. This means gradually replacing any fossil fuel-powered appliances in your home — like a gas stovetop, water heater, or dryer — with electric alternatives.  Unlike gas appliances that emit fumes, electric versions do not produce any emissions. This means they're also safer to use than gas. Electricity also tends to be a cleaner power source than gas because it can be generated from renewable sources such as solar and wind.   What are the benefits to homeowners?  Electric appliances often have smart features that allow you to control their schedules and settings through an app. You can also automate your heating schedule and temperature preferences. This will improve the comfort of your home and keep your bills down by ensuring you don't waste energy. The smart functionality of electric appliances gives you visibility over your energy usage. It can even help you identify any areas where you could save energy. If you're on a time-of-use (TOU) utility plan for example, where you pay more for power during peak times such as in the evenings, you can schedule some appliances to run overnight or when you're at work. What items can be switched to electric?  Switching to all-electric appliances can sound daunting, but you don't have to do it all at once. Instead, take small steps by replacing appliances as they near the end of their life. Here are some of the main ones to switch out: 
  • Stove and oven: Switch your gas stovetop and oven for an induction model. A greener and safer alternative, an electric stove doesn’t hold onto heat after you turn it off.
  • Heating and cooling: Replace a gas-burning furnace with a heat pump, which is an energy-efficient heating and cooling system. At least one-third of U.S. households could lower their energy bills with a heat pump. You might save even more if you qualify for the federal 30% tax credit.
  • Water heater: Swapping your natural gas water heater for a solar electric water heater can lower your electric bills by as much as 50% to 80%. Given solar is free, you will also avoid utility price hikes.
  • Dryer: Update a gas dryer for an electric model.
  • Car: Replace your car with an electric vehicle to save emissions and money on gas. If you have a home battery, you can store grid electricity when it’s cheap and use it to charge your car when rates rise. 

How does a home battery system work?

A home battery system stores electricity for you to use at a later time. They can be charged from the grid or, if you have them, from your solar panels. You'll save money because you'll be storing free solar power rather than paying for electricity from the grid. Let's look at why batteries can be beneficial for an all-electric home.

Photo courtesy of Panasonic Eco Systems and Solar Price Discovery 

What are the benefits of adding a home battery system to your electrification project?

Save money 

Home batteries give you control over when you draw energy from the grid. If you're on a TOU utility plan, you can store electricity when grid rates are low and use it when prices rise. That way, you'll avoid paying more than you have to.

Increase your energy independence and resilience

Power outages and supply disruptions are becoming more common due to aging grid infrastructure and increasingly frequent extreme weather events. Home battery systems provide a backup source of power to keep your main appliances running in an outage.

Optimize your solar power with a home battery

When paired with solar, batteries can reduce the amount of electricity you need to buy from your utility. How? Your battery can store surplus electricity from your solar panels for you to use another time. This stored electricity can come in handy in the evenings when the sun goes down and grid electricity prices rise.  

Home batteries can help you avoid paying more than you need to for electricity by giving you the means to store power when it’s cheap and use it when prices rise. When you're ready to make the switch to a home battery storage solution, let Panasonic connect you with an authorized installer who will walk you through the process.

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