One thing that might go overlooked: Load shifting could, in theory, lower electric bills such that there's ROI without solar panels. --- Edit for why: On-demand power is expensive. "Spinning up" additional power during the day is more expensive than having certain types of power generation running all the time. In theory, pumping power into a battery at night during non-peak hours will cost less than consuming direct…
If what you say is true, then with better economies of scale and longer investment horizons, utilities would quickly erase any peak-vs-non-peak arbitrage opportunities.
Consider the power output characteristics of some common energy sources:
Gas, Nuclear, Hydro, Wind, Solar
Our "sustainable" sources of power - hydro, wind, and solar - are also the ones with the most irregular and unpredictable power output. This creates a problem, because even if there was enough cumulative power output from sustainable sources today, it most likely wouldn't align with our usage schedule.
So there are two solutions: 1) find a way to map the sustainable power output to our usage 2) find a way to store energy
Today, our most readily available form of energy storage is gas. We just put it in a container and burn it when we need to. "Spin it up," if you will.
An alternative to gas is a crazy network of Powerwalls. The hope is that, eventually, instead of spinning up gas turbines during peak demand, we can just draw from our Powerwall.
There was another alternative on HN recently. Basically a super-deep hole in the ground with super heavy object falling into it, but suspended by a rope. You run a motor to lift the object during off-peak hours, then let it fall and spin a generator during peak hours. I can't find it right now but I remember thinking they had a great name.
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That said, power output is only part of the problem. If you're looking to factor the potential disappearance of arbitrage opportunities into your buying decision, you also need to consider the time until regulatory changes allow for perfect pricing, and the time until these Powerwalls have precise enough information to decide exactly when to draw from the grid versus the battery.
tl;dr: "quickly" is probably optimistic. We're a long ways away from economies of scale.