A flood of cheap solar panels is likely to partially offset the effect of the Section 201 duties. It may also mean the revival of projects with marginal economics and could lead to module supply contracts being renegotiated.
The 36 megawatt-hours of residential energy storage installed in the United States during Q1 is the latest in a year of accelerating growth rates, driven by policies in California and Hawaii.
The firm expects California to install around 1.2 GW of residential solar in 2020, the first year that the new mandate takes effect.
GTM Research finds that the loan provider has become the largest residential financier overall, while Sunrun leads in the third party solar space.
Richard Matsui, founder & CEO of kWh Analytics, speaks with Shayle Kann, senior vice president of research & strategy at Energy Impact Partners.
The company’s latest Global Solar Demand Monitor forecasts 6% annual increase in PV installation growth, with the United States seeing relatively flat growth at 10.6 GW.
And inaugural global energy storage report by GTM Research finds that while the United States remains the world’s leading market with newly installed capacity of 431 MWh, China is poised to rise to second place globally in 2019.
Utility Scale proposed projects have begun piling up at the federal agency as the 30% Investment Tax Credit ending starts appearing on the horizon.
GTM Research and SEIA’s final report on the solar market in 2017 shows both the struggle of the residential solar market, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.
Despite a lackluster Q4, GTM Research predicts that the U.S. energy storage market is going to boom in 2018, driven by both policy support and falling prices.
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