- Dec 13, 2019 10:52 pm GMT
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The numbers, especially for residential installations, are encouraging. California had the most residential solar installations. According to the report, this could be a direct consequence of PG&E's decision to implement rolling blackouts last month. The report states that there was "increased consumer interest in solar and solar-plus-storage options in response to dissatisfaction with California utilities." "This disaffection has a long history but most recently stems from Public Safety Power Shutoffs (PSPS) which have left hundreds of thousands of utility customers without electricity, often for days at a time," it further states. According to this article, California's grid problems have boosted the share price for generator companies as well. "From 2019-2021, residential growth will range from 8% to 18% due to both emerging markets with strong resource fundamentals like Florida and Texas and markets where recent policy developments have increased our near-term forecasts," the report states. But I wonder about the economics of installing solar plus battery. According to this piece, the upfront costs of installing such systems is still fairly expensive. The dismantling of ITC and RPS portfolio standards may add more costs. The report has the following to say: Long-term growth in a post-ITC world will be contingent on geographic diversification outside of legacy state markets (with markets like Pennsylvania and Colorado beginning to take off), as well as technological and business-model innovation to improve product offerings in the solar-plus-storage space.