"Now lets say someone had a 30 kw battery pack in their house, and daily filled it, and sold back 100% of the power in it, at 5 cents a kw, they would make $1.50 a day.
They had had to buy the power to begin with, or pay for an expensive solar system, not to mention buy the pricey battery pack.
How the heck does a person make money doing that.
Lets lowball the price of the solar, and battery at only $15,000 which I'm sure is too low, but lets just pretend.
That would require 10,000 days, or cycles, which is far longer than the battery pack will last, just to break even.
Even if some power company will pay you 1p cents a kw, and good luck getting 5 cents, much less 10 cents, but lets pretend for fun.
That is still 5000 days, and cycles.
The battery is junk by 5000 cycles and has to be replaced, and you never made a nickel.
So I'm very curious about how people are making all this money selling power to the grid."
Above is a Quote from PGBC
First thing first, in the situation you talk about there's absolutely no reason to have batteries. They gain you absolutely nothing. A few reasons batteries get into the equation is if you are a prepper, frequent power outages, or you have a time of use plan with lower rates off peak and higher rates on peak.
Second scenario. Your electricity utility allows grid tie solar. You install a solar system basically large enough to cover your needs. Smaller households 10 to 15 thousand dollars. Larger households the sky's the limit. You use the grid as your battery. Sunny days when you are producing you. Overproduce and use that overproduction on cloudy days and at night. Basically reducing your bill to the monthly base fee. If you produce enough extra, you can cover that base fee. Some companies will credit some companies will write you a check.
Scenario 3 your electric company is set up with time of use. Your electricity during the day costs .25 cents a kilowatt hour higher than your electricity at night. You put in a grid tie system with batteries. Solar is an option. If you want it. You fill your batteries at night at the low off peak rate, and discharge your batteries (to power your house) during the day during the higher on peak rate. Some utilities will pay you a premium to discharge during peak demand times to the grid.