Self-consumption, a way to increase the ROI of your residential solar installation
Photovoltaic (PV) energy offers the quintessential picture of self-sufficiency: A home with solar panels harvesting the energy of the sun to supply all of its own electrical needs. And yet, while that is a wonderful ideal, the situation in reality turns out to be not quite that straightforward. The reason is simple: The demand for electricity typically doesn’t coincide with the electricity production rates offered by solar panels. This mismatch occurs for a variety of reasons, including weather, demand patterns, and so on. So, what’s a person to do? Fortunately, technology provides some easy-to-adopt answers for those who are opting to self-consume PV electricity. Demand management to the rescue Self-consumption is the model promoted and supported today by a growing number of countries for various reasons. However, PV electrical production varies throughout the daylight hours, based on available sunlight, but doesn’t ordinarily coincide with household demand. Thus, the typical sy...