EnergySage Releases Its 19th Solar & Storage Marketplace Report
Market Trends and Insights
EnergySage, a leading online marketplace for solar and energy storage, has released its 19th Solar & Storage Marketplace Report, providing insights into the rapidly evolving solar and energy storage industry. The report highlights the latest trends, market shifts, and consumer behavior in the industry.
Solar Panel Prices Continue to Decline
The report reveals that solar panel prices have continued to decline, with the average cost per watt decreasing by 10% over the past year. This downward trend is expected to continue, making solar energy more accessible and affordable for homeowners and businesses.
Energy Storage Systems Gain Popularity
Energy storage systems (ESS) have become increasingly popular, with the number of ESS installations growing by 20% over the past year. This growth is driven by the increasing adoption of solar power and the need for energy storage solutions to manage energy usage and reduce peak demand.
California Leads the Way in Solar Adoption
California continues to lead the way in solar adoption, with the state accounting for over 20% of the country’s total solar installations. The report notes that California’s solar-friendly policies, including net metering and solar renewable energy certificates (SRECs), have contributed to its success.
Solar and Storage Adoption Rates Increase
The report also highlights an increase in solar and storage adoption rates, with 70% of homeowners considering solar and 40% considering energy storage solutions. This growth is driven by increasing awareness of the benefits of renewable energy, declining costs, and government incentives.
Consumer Insights and Preferences
The report also provides insights into consumer preferences and behaviors, including:
Top Factors Influencing Solar Purchases
* 60% of consumers prioritize cost savings
* 40% prioritize environmental benefits
* 30% prioritize energy independence
Energy Storage System Preferences
* 70% of consumers prefer battery-backed systems
* 30% prefer grid-tied systems
Solar Panel Warranty Preferences
* 80% of consumers prefer 25-year warranties
* 20% prefer 20-year warranties
Conclusion
The EnergySage Solar & Storage Marketplace Report provides valuable insights into the solar and energy storage industry, highlighting market trends, consumer preferences, and adoption rates. As the industry continues to evolve, it is essential to stay informed about the latest developments and trends to make informed decisions about solar and energy storage solutions.
FAQs
Q: What is the average cost per watt of solar panels?
A: The average cost per watt of solar panels has decreased by 10% over the past year, making solar energy more affordable.
Q: What is the growth rate of energy storage systems (ESS) installations?
A: The number of ESS installations has grown by 20% over the past year, driven by the increasing adoption of solar power and the need for energy storage solutions.
Q: Which state has the highest solar adoption rate?
A: California has the highest solar adoption rate, accounting for over 20% of the country’s total solar installations.
Q: What are the top factors influencing solar purchases?
A: The top factors influencing solar purchases are cost savings, environmental benefits, and energy independence.
