Quick Answer
A hybrid solar setup can save homeowners up to 50% more than a grid-tied system in the long run, thanks to the cost savings from battery backup and reduced reliance on the grid. This is achieved by storing excess energy generated during the day for use at night or during power outages. Hybrid systems also offer greater energy independence.
Hybrid System Benefits
Hybrid solar systems combine the benefits of off-grid and grid-tied systems. By connecting to the grid and storing excess energy in batteries, homeowners can take advantage of net metering and sell back excess energy to the grid while also having a backup power source during outages. A typical hybrid system consists of a solar array, battery bank, inverter, and grid tie inverter. The cost of a hybrid system can range from $15,000 to $30,000, depending on the size and type of equipment used.
Comparing Costs
The cost of a hybrid system is higher than a grid-tied system, but the long-term savings can be significant. According to the US Department of Energy, the average cost of electricity from a grid-tied system is 12-15 cents per kilowatt-hour (kWh). In contrast, the cost of electricity from a hybrid system is typically 5-7 cents per kWh, thanks to the cost savings from battery backup and reduced reliance on the grid. To give you a better idea, a typical hybrid system can save homeowners up to 40% of their total electricity costs over a 20-year period, assuming an average daily energy consumption of 20 kWh.
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