The 18th edition of the EnergySage Marketplace Report finds the residential solar segment in the U.S. is rocked by persistent inflation, the California NEM 3.0 and rising loan fees. Yet prices have fallen and consumer interest in storage is strong.
The cumulative total of community solar installations is expected to reach 14 GW in the United States by 2028, according to a report by Wood Mackenzie.
The future is bright for community solar notes Arcadia’s report, as states have strengthened programs, federal legislation is increasingly implemented and billions of dollars are invested in solar projects for all income levels.
The community solar specialist reached 100 solar energy installations under contract in less than four years, and it plans to double its growth in the next two years.
Also on the rise: Energy Department announces investments in clean energy future. WoodMac predicts strong yet flat global PV growth through to 2032. And more.
Research firm says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years.
Also on the rise: Ohio’s largest solar complex activates its first phase. Agrivoltaics can help meet growing needs of the Lone Star State. And more.
Also on the rise: DOE seeks input on high-priority areas for transmission. First Solar closes $700 million in tax credit transfer sales. And more.
Also on the rise: Waaree Energies to build 5 GW solar cell and module factory in Texas. Who’s on top of the residential solar-plus-storage market? And more.
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
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