EnergySage Releases Its 18th Solar & Storage Marketplace Report


The most recent report reveals the power of the house electrification sector amid a dynamic yr

In the present day, EnergySage launched the 18th EnergySage Intel Photo voltaic & Storage Market Report. This semiannual report analyzes hundreds of thousands of home-owner buy transactions on EnergySage.com from January 2023 to December 2023 for photo voltaic panels, inverters, batteries, and extra from photo voltaic firm in 41 states and Washington, DC

For almost a decade, the Photo voltaic & Storage Market Report has supplied an unparalleled have a look at the tendencies for pricing, tools, and client preferences which might be shaping at this time’s US residential photo voltaic, vitality storage , and residential electrification trade.

After a dynamic yr for dwelling electrification, navigating California’s internet metering modifications and continued inflation, beneath are three key insights from our newest report , which might be downloaded totally free at energysage.com/information.

Photo voltaic costs lower for the primary time since 2021
For the primary time since mid-2021, photo voltaic costs declined within the EnergySage Market, falling 3.5% to $2.80 per watt. Quoted storage costs additionally fell by 6.4% in EnergySage within the second half of the yr, reducing for the primary time since we began monitoring costs in 2020.

Loans at low rates of interest have excessive charges
The median rate of interest for quotes that included financing rose to five.5% within the second half of the yr, however essentially the most often quoted photo voltaic mortgage was a 25-year mortgage with a 3.99% rate of interest. . Loans with a decrease price come at a price: the typical fee of essentially the most quoted mortgage product reached 47% of the price of the money challenge within the second half of the yr.

Financial savings curiosity rose sharply in California after the NBT
Within the first six months of 2023, California has the bottom stage of curiosity in storage of any state in EnergySage. That dynamic shifted after the implementation of the Web Billing Tariff in April: Within the second half of 2023, California noticed the fifth highest stage of curiosity on client financial savings rates of interest within the nation.

“The house electrification trade faces a difficult yr in 2023 amid a altering internet metering panorama and continued inflation. Nonetheless, EnergySage Market information reveals {that a} A tipping level could also be imminent, with client demand holding regular and diversifying, whereas photo voltaic and storage costs decline,” stated EnergySage COO Charlie Hadlow. “EnergySage’s newest report offers a novel perspective for this dynamic but secure trade second, from each the installer and home-owner views.”

This newest report continues the corporate’s mission to make clear vitality and energy-saving options equivalent to rooftop photo voltaic, vitality storage, neighborhood photo voltaic, EV chargers, and warmth pumps extra accessible and inexpensive by way of unbiased info, transparency, and selection. For questions and suggestions about this or earlier experiences, please contact intel@energysage.com.

ABOUT ENERGYSAGE, INC.
EnergySage is the best, most trusted method to comparability store and save on high-quality clear vitality and energy-saving options together with rooftop photo voltaic, vitality storage, warmth pumps, EV chargers, and neighborhood photo voltaic. Because the trusted companion for a whole lot of vetted and accredited photo voltaic, HVAC, and electrical installers, EnergySage permits patrons to request a number of high-quality quotes in minutes. With deep assets and unbiased assist, EnergySage makes the complete course of easy, low-stress, and inexpensive for customers, whereas serving as a gateway for clear vitality corporations and suppliers worldwide. nation to enhance their enterprise, cut back prices, and simplify. their gross sales. For these causes, main organizations equivalent to Nationwide Grid, MassCEC, Tampa Electrical, Boulder County, Intuit, Staples, and NCSU’s DSIRE are focusing on their audiences with EnergySage to start their clear vitality transition. Go to EnergySage for extra info, and observe us on Fb, Instagram, LinkedIn, X, and YouTube.



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