The results are in and things look very favorable as far as the rise in the installation of new #solar batteries on residential solar setups. It’s an encouraging sign for what was once considered too costly and too inefficient for small scale solar power generating residential systems. The first quarter of 2018 also saw the first time residential solar battery megawatt hour installations kept pace with that of utility scale solar battery storage. These results are very encouraging and show just how much promise solar battery storage holds for residential scale use.
What did the results look like in the first quarter of 2018 for new megawatt hours of solar battery installation? Well utility scale solar power generating systems only added 16 megawatts of new solar battery storage capacity. That was a very low amount for what was always considered the industry workhouse as far as new solar battery installations is concerned. The big surprise was how much residential scale solar battery installation picked up the slack. There was a nice 15.9 megawatts of residential solar battery storage added in the first quarter of 2018.
This is the first time ever that residential scale solar battery installation figures rivaled that of utility scale solar battery installations.
This New Trend Looks to Continue as Solar Batteries Improve
How fast has this new trend of installing new and improved solar battery storage devices on residential solar setups caught on? Consider this. In the first quarter of 2013 newly installed solar storage battery capacity didn’t even top 1 megawatt hour. So far in 2018 alone newly installed solar storage battery capacity on residential solar setups has already exceeded 35 megawatt hours. This figure shows that if improvements in solar batteries continue to be found then people are willing to invest in means to store the excess #energy that their solar photovoltaic electric generating systems produce.
The improvement in cost and capacity of solar storage batteries themselves is definitely the key here. Over the last few years the price of solar storage batteries has decreased and their storage capacity and length of storage time has increased. It also looks like consumers see the promise in storing and selling some of the excess solar energy they produce back to the grid as a means to offset their solar installation costs. Not to mention the fact that if solar storage batteries continue to improve at the rate they are, people may soon be able to meet their energy needs 24 hours a day just by using the energy that their own solar power generating system produces and stores.
Solar Storage Battery Sales are Helping Solar Equipment Suppliers Too
Solar service equipment providers are helping their own cause here too. They are making consumers much more aware that more affordable solar storage batteries now exist. With the expected slowing in solar panel installations many solar service equipment providers are also banking on solar storage batteries to offset the drop in solar panel sales. If the first quarter of 2018 is any sign they might very well be able to do this and more. It’s estimated that the growth in demand for solar batteries in 2018 will be 5 times higher than it was in 2017.
These facts are all good news as far as America’s growing solar energy sector is concerned. It looks like America is well-positioned to further lessen its dependence on coal and other non-renewable forms of energy production and renewable solar energy will be a big part of that. President Trumps imported solar panel tariff has not doomed the solar industry in America nearly as much as feared and with the rise in residential solar battery installations the future truly looks bright as far as solar energy growth in America is concerned.