Today’s Solutions: May 17, 2024

There are ample benefits that come with owning an electric car, but the ability to power your home with it has yet to be one. That’s set to change later this year as Mitsubishi has announced it will sell a system that lets you share power between your home and electric car. The systems feature solar panels, a home battery, and a bi-directional charger that lets power flow from your home to your car, or from your car to your home—depending on the economics and which needs the power most. There are a number of scenarios when having your car charge your home could be useful. In addition to opening up a world of the off-grid living, it could also serve as a backup in the event of a power cut, for example. The system could also be useful if your electricity tariff offers you a discount during off-peak hours when the electricity grid is under less load and cheaper to use as a result. For example, your car could inexpensively charge itself overnight, and then power your AC during the day. Of course, this will only work if you’re not planning on using the car to make any trips during that time.

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