The microgrid concept is not new and yet its commercial significance is only now becoming apparent. During the age of industrialization, centralized grids that served a large number of consumers from a single primary power source made more economic sense. Microgrids weren’t a cost-effective solution for everyday energy needs. Today however, microgrids that focus on the integration and effective management of renewable energy resources are gaining significance. Their potential as a sensible commercial solution to everyday power needs can be beneficial under many different circumstances.