Whole Home Battery Backup Savings - Evergy Missouri Metro

The Financial Benefits of a Whole Home Battery Backup in Evergy's Missouri Metro Area

Introduction

With rising energy costs, it's crucial to find efficient ways to save on your electricity bill. Leveraging Evergy's time-of-use rates, particularly the Nights & Weekends Max Plan, combined with a whole home battery backup system, can optimize savings by charging during the lowest rate periods and using stored energy during peak times.

Understanding Evergy's Time-of-Use Rates

Evergy’s rate structure for Missouri Metro includes:

Peak Hours (4-8 PM): Summer at $0.35879/kWh, Non-Summer at $0.27305/kWh.
Off-Peak Hours: Summer at $0.11960/kWh, Non-Summer at $0.09102/kWh.
Super Off-Peak Hours (12 AM - 6 AM): Summer at $0.02990/kWh, Non-Summer at $0.02275/kWh.

Financial Benefits of Whole Home Battery Backup

Cost Savings Utilizing a battery during peak hours can yield significant savings. For an average home using 20 kWh during peak hours:

Cost without battery (Summer/Peak): 20 kWh * $0.35879 = $7.18
Cost with battery (charged at Super Off-Peak rate/Summer): 20 kWh * $0.02990 = $0.60
Daily savings (Summer): $7.18 - $0.60 = $6.58, approximately $1,905.20 annually.

Energy Management and Reliability A battery backup system allows efficient energy management by shifting consumption to cheaper rates and provides reliability during outages. This ensures uninterrupted power, which is especially beneficial during extreme weather conditions or grid failures.

Environmental Benefits By lowering peak time demand, this setup reduces dependence on fossil-fueled power generation, aiding environmental sustainability. Reduced peak demand can lead to fewer emissions, contributing to a cleaner environment.

Additional Benefits for Homeowners

Increased Home Value: Installing a battery backup system can increase your home's market value, making it more attractive to potential buyers.
Smart Home Integration: Modern battery systems integrate seamlessly with smart home technologies, allowing for automated energy management and enhanced control.
Energy Independence: Gain greater independence from the grid, reducing your vulnerability to energy price fluctuations and outages.

Practical Implementation

Battery Options and Capacities When considering a whole home battery backup, it's important to choose a system that meets your energy needs. Popular options include Tesla Powerwall, LG Chem RESU, and Sonnen Eco, each offering different storage capacities and integration capabilities.

Integration with Home Energy Systems Integrating a battery backup system with your existing home energy systems can be straightforward. Many modern systems are designed to work seamlessly with solar panels and other renewable energy sources. For example, solar panels can charge the battery during the day, providing additional savings and ensuring the battery is fully charged for peak usage times.

Initial Investment vs. Long-Term Savings While the initial investment in a whole home battery backup system can be significant, the long-term savings on your energy bill can offset these costs. Over time, the financial benefits and energy independence can make the investment worthwhile.

Example Investment vs. Savings Analysis:

Initial Cost: $15,000 for a whole home battery system.
Monthly Savings: $150 from shifting energy usage to off-peak hours.
Payback Period: 100 months or approximately 8.3 years.

Conclusion

Investing in a whole home battery backup system and leveraging Evergy’s time-of-use rates offers substantial financial and environmental advantages by optimizing energy use, leading to significant cost reductions. Explore battery options and consult with energy providers to make the best choice for your home.

For form information, follow this link to our savings page