Thermal mass systems can store solar energy in the form of heat at domestically useful temperatures for daily or interseasonal durations. Thermal storage systems generally use readily available materials with high specific heat capacities such as water, earth and stone. Well-designed systems can lower peak demand, shift time-of-use to off-peak hours and reduce overall heating and cooling requirements.
Phase change materials such as paraffin wax and Glauber's salt are another thermal storage medium. These materials are inexpensive, readily available, and can deliver domestically useful temperatures (approximately 64 °C or 147 °F). The "Dover House" (in Dover, Massachusetts) was the first to use a Glauber's salt heating system, in 1948. Solar energy can also be stored at high temperatures using molten salts. Salts are an effective storage medium because they are low-cost, have a high specific heat capacity, and can deliver heat at temperatures compatible with conventional power systems. The Solar Two project used this method of energy storage, allowing it to store 1.44 terajoules (400,000 kWh) in its 68 m³ storage tank with an annual storage efficiency of about 99%.
Off-grid PV systems have traditionally used rechargeable batteries to store excess electricity. With grid-tied systems, excess electricity can be sent to the transmission grid, while standard grid electricity can be used to meet shortfalls. Net metering programs give household systems credit for any electricity they deliver to the grid. This is handled by 'rolling back' the meter whenever the home produces more electricity than it consumes. If the net electricity use is below zero, the utility then rolls over the kilowatt-hour credit to the next month.Other approaches involve the use of two meters, to measure electricity consumed vs. electricity produced. This is less common due to the increased installation cost of the second meter. Most standard meters accurately measure in both directions, making a second meter unnecessary.
Pumped-storage hydroelectricity stores energy in the form of water pumped when energy is available from a lower elevation reservoir to a higher elevation one. The energy is recovered when demand is high by releasing the water, with the pump becoming a hydroelectric power generator.