How much does a microgrid energy storage system cost

How much does a solar microgrid cost?

The cost of a solar microgrid depends on many factors, including the size and location of the system. Solar microgrids range in size from a few kilowatts to several megawatts. A typical residential solar microgrid might cost around $20,000, while a commercial-scale system could cost millions of dollars.

How much does energy storage cost a microgrid?

In commercial/industrial and utility microgrids, soft costs (43% and 24%, respectively) represent significant portion of the total costs per megawatt. Finally, energy storage contributes significantly to the total cost of commercial and community microgrids, which have percentages of 25% and 15%, respectively, of the total costs per megawatt.

How much does a microgrid cost per megawatt?

The analysis of total microgrid costs per megawatt shows that the community microgrid market has the lowest mean, at $2.1 million/MW of DERs installed; followed by the utility and campus markets, which have mean costs of $2.6 million/MW and $3.3 million/MW, respectively. Finally, the commercial market has the highest average cost, at $4 million/MW.

How much does a microgrid controller cost?

The analysis shows that controller cost data as a percentage of total microgrid costs are relatively similar among the projects in our database and the NY Prize data despite the wide variety of system sizes, types, and uses. Controller costs per megawatt range from $3,500/MW to nearly $600,000/MW, excluding outliers, with a mean of $85,000/MW.

Is a microgrid more expensive than a small solar array?

True, larger microgrids will likely be more expensive than smaller microgrids — but in gross terms, not necessarily on a per kilowatt basis. In fact, generation for a very small microgrid tends to cost more per kilowatt than a comparable larger version. For example, a 50-kW solar array is more expensive per kilowatt than 1-MW solar array.

Are solar microgrids a good idea?

Solar microgrids also have the potential to be less expensive than traditional power systems, due to the declining cost of PV technology. In addition, solar microgrids can help reduce carbon emissions by replacing fossil-fuel generated electricity.