Happy Tuesday readers! This week, we’re going to take a look at the massive growth in the residential solar power market in the US. More and more residents in the United States see the value in residential solar power. As Commercial Solar Guy has observed in the past, this makes a lot of sense given our country’s individualistic culture and political ideology. Add to the mix electricity shutoffs due to wildfires, general mistrust in utility companies, and growing concern for future climate threats, and you have a strong case for installing solar panels on your home.
What this means for residential solar
While Roth Capital Partners is forecasting 25% growth in the residential solar power market, some analysts are suggesting growth will be closer to the 30-50% range. This means that companies may have a hard time keeping up with customer demand. Additionally, the US Department of Labor published that solar power installers will be the fastest growing occupation from 2018-2028. Both Solar Edge and Enphase, who enjoy a large share of the residential solar market, are experiencing a backlog well into the end of this year.
A proposed ruling has been submitted extending gas plant lifetimes by one to three years while 4 GW of new capacity, including demand response, is integrated into California’s power grid by August 1, 2023 to meet expected demand shortfalls during the annual September peak events. Read the full article >
Got new hardware tips? Send them to USA-Editors@pv-magazine.com. Mono-PERC module pricing is still nudging downward, Energy Toolbase has integrated Chint energy storage solutions into its software, and Jinko has a new module. Read the full article >
Single axis solar tracking manufacturer Sunfolding, led by the mind of CTO Leila Madrone, has raised $32 million to expand operations surrounding the deployment of its three-component T29 system. Read the full article >
NREL opened the doors as scientists spoke of advancing perovskites with fundamental research, fast drying solar inks, refining solar windows, and actively pushing into high speed, high volume manufacturing capacity on the multi-terawatt scale. Read the full article >