Full Title: Nova Analysis: Holistically Valuing the Contributions of Residential Efficiency, Solar and Storage
Author(s): Jeff Maguire, Michael Blonsky, Sean Ericson, Amanda Farthing, Indu Manogaran, and Sugi Ramaraj
Publisher(s): National Renewable Energy Laboratory
Publication Date: February 28, 2024
Full Text: Download Resource
Description (excerpt):
A broad suite of performance metrics is required to provide a holistic picture of how energy efficiency (EE) and distributed energy resource (DER) upgrades affect each stakeholder, and how their value varies by home. This report quantifies the relative and combined value of EE and DER investments within the residential, single-family home sector. The new workflow developed combines multiple tools from both the buildings and the solar plus storage domain to enable this analysis from the perspective of multiple stakeholders. This allows simulations to be performed for residential buildings to be modeled anywhere in the country with any efficiency features, pairing the building with the appropriate residential utility rate from the Utility Rate Database, and then allowing optimization of a solar plus system for the building. This approach allows for a much richer suite of metrics to be calculated than through analyzing EE and DERs separately.