#EP305
Batteries are no longer an afterthought in solar, they are the future.
Pete Sarelas, founder and CEO of Source Solar in Chicago, joins Tim Montague to reveal how adding battery storage can eliminate your electric bill entirely and even push it into negative territory. Pete shares his journey from door-knocking solar sales in California to building a multi-million dollar solar and battery financing business in Illinois, now the 4th largest solar market in the country. He explains how Illinois has become a top five solar state, but more importantly, why customers are demanding storage to protect themselves from outages, manage costs, and gain energy independence.
What You'll Learn:
- Why solar alone only reduces 50-75% of your electric bill (and what the other 25-50% actually is)
- How commercial battery systems can cost $2-3 million but pay for themselves through capacity charge elimination
- The "Earn, Save, Protect" model that makes batteries cash flow positive from day one
- Pete's zero-down PPA financing model that removes the capital barrier for businesses
- Why the ITC phase-out makes battery storage the survival strategy for solar companies
- Real case study: Church drops monthly bills from $2,500 to double digits with battery addition
- How time-of-use rates and virtual power plants create multiple revenue streams
Pete explains the three-pronged value proposition: earn money through grid services like frequency regulation, save money by attacking capacity charges during peak hours, and protect your facility with backup power during outages. He breaks down how his SOCAP financing division makes million-dollar battery installations accessible to businesses without the upfront capital.
Whether you're a solar installer looking to survive the post-ITC world, a business owner tired of rising electric bills, or just curious about the future of distributed energy, this episode reveals the financial strategies making battery storage the next solar gold rush.
Connect with Pete Sarelas
Connect with Tim
Clean Power Hour
Clean Power Hour on YouTube
Tim on Twitter
Tim on LinkedIn
Email tim@cleanpowerhour.com
Review Clean Power Hour on Apple Podcasts
The Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email: CleanPowerHour@gmail.com
Corporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/
The Clean Power Hour is brought to you by CPS America, maker of North America’s number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems. Learn more at www.chintpowersystems.com
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.