The difference between off-peak and on-peak rates there is about $0.21/kWh in the summer and $0.29/kWh in the winter, so assume an average delta of $0.25/kWh.
Assuming no solar panels, if you charge the battery on the grid at off-peak rates and discharge it completely at on-peak rates, you break even after using about 3200kWh. Assuming 2 kWh used every day during peak rates that's a breakeven period of 4.38 years.
Maybe my calculations are wrong somewhere, and I'd love to learn if that's the case.
I also acknowledge some big assumptions: namely, that you will always need to use all your stored energy day at the peak time (reasonable in the summer when the AC is running) and that you can use all your battery power for those loads instead of grid power. On the other hand electricity rates tend to go up over time and batteries last for years.
No I goofed a bit too, by assuming 2kWh used every day but $800 in installation cost (which is for 1kWh). Fixing that error increases the payback to 8.76 years/kWh of installed battery. But only if you assume rates don't change for all of those ~9 years.
But rates will likely increase. So will the delta between off-peak and on-peak rates. I think the true payback period is between 5 and 8 years.
