The future of solar: Energy storage and beyond

For anyone who has been paying attention to energy trends over the last year, it’s clear that energy storage is huge in the residential solar market. In fact, according to a recent Wood Mackenzie U.S. Energy Storage Monitor report, Q2 of 2020 saw residential battery installations grow 38% compared to Q1, indicating that installations have remained resilient in spite of the pandemic. Though, even as some homeowners put solar installation plans on hold during the COVID-19 crisis, the urgency of tax credits — which end next year — can’t be ignored.

But after energy storage becomes a mainstay of the solar industry, what’s next? While solar + storage is expected to continue to grow in popularity, the overall energy storage market is projected to reach $6.9 billion annually by 2025. The future is bright as we look to more opportunities to advance solar energy and increase homeowners’ control over their home energy systems.

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The future of solar: Energy storage and beyond

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