As more renewable energy sources come online, installing smart electric panels in homes benefits both utility customers and utilities.
Smart panels are controlled via a smart phone app, providing homeowners with control over how electricity is used around the house. These devices allow for management of power flow in connected devices including solar panels, batteries, electric vehicle chargers, and power-consuming appliances within the home.
Vermont’s Green Mountain Power is spending $500,000 on a new pilot program to test the technology that it believes will help transform the grid. The utility has already installed thousands of Tesla Powerwall batteries in homes that are providing stored energy when demand peaks, saving Green Mountain $3 million in 2020.
Smart panels are expected to save even more by boosting the efficiency of electric distribution. With customers adopting more solar panels, electric vehicles, heat pumps, and battery storage, more efficient electricity distribution is a must for utilities.