Energy Storage Potential Model for Residential Photovoltaic Systems

Abstract

With Senate Bill 100, California's policy goal of 100% zero-carbon energy supply by 2045, solar power has become a growing energy supply for residential and commercial locations. Solar power from photovoltaic systems can aid consumers in lowering their energy bills as well as assist utility operators by decreasing grid demand. The purpose of this paper is to model the benefits of photovoltaic energy generations with energy storage systems considering residential consumer behaviors. For proof of concept, the city of San Jose will be used as the location to demonstrate the expected behavior of this system. Energy storage potential will be analyzed through a variety of lenses such as energy generation, net present worth, and savings to investment ratio.