How the solar industry should adjust to growing residential energy independence

by admin

Christy Roth, Director, Offer Management, Software, schneider electric

With the introduction of the Inflation Reduction Act (IRA), the United States has passed an important milestone in its fight against climate change. Large-scale climate policies will incentivize Americans to buy clean technologies such as electric vehicles (EVs) and solar panels by making them more affordable through tax credits.Additionally, the new law encourages energy conservation to create greener homes, helps build stronger supply chains, and helps reduce healthcare costs thanks to cleaner air. It could even be a stepping stone. The bill is expected to help the US reduce greenhouse gas emissions 40% by 2030 And it’s already having a noticeable impact on the solar and energy industry.

Supporting the Green Home Movement

With an IRA, homeowners can deduct the cost of installing solar heating, power management technology, and other green home products from their federal taxes. A 30% solar tax credit that lasts for 10 years is one of many corresponding incentives, such as deductions for high-efficiency appliances and EVs.

Thanks to these incentives, we can expect the popularity of sustainable solutions to skyrocket as consumers invest in technologies to reduce emissions. Examples of this include increasing investments. home energy management system When energy monitoring system This not only helps consumers understand and manage their energy usage, but also helps them save more money over time.

California: Title 24

Smart energy panels also improve efficiency for builders and installers. California code mandates solar and batteries for commercial buildings. A smart panel simplifies installation.

Benefits of home energy management tools

In modern homes, the best smart energy panel It can provide homeowners with unprecedented energy monitoring, control and power resiliency. Additionally, by easily integrating solar, battery, and other forms of power, these panels become hubs for energy management, promoting sustainability and efficiency, saving homeowners and reducing their carbon footprint. lead to reduction.

Older homes can especially benefit from upgrading to smart energy panels. Homes built over 50 years ago often meet the growing demand for electricity brought about by solar and EVs. you can’t. By adding smart panels with energy management capabilities, homeowners can reduce demand and charge their vehicles by curtailing low-priority loads or delaying loads such as EV charging. You can prioritize demand until you can.

Combined with IRA-derived incentives, energy management tools have the potential to maximize consumer return on investment.

Maximize savings and accelerate payback with energy management tools

Average US Household Expenditure $2,060 annual home utility billSo allowing homeowners to see which devices use the most energy can make a big difference in their home’s energy costs and environmental impact. Homeowners can use smart energy panels to remotely turn off appliances and devices, reduce and monitor energy usage in real time from their mobile phones, and make informed changes to energy consumption to reduce consumption. You can reduce the amount and reduce your bill.

The IRA will make sustainable housing even more popular as consumers invest in smart home technology to control energy use and reduce their environmental impact. By lowering the initial cost of smart, energy-efficient housing technology, the legislation will put electrification and digital upgrades within reach for more Americans, and help ensure the long-term and maximum benefits of these renovations. savings can be experienced.

Christy Roth is Director of Software and Device Offer Management for Schneider Electric’s Final Distribution Business. Her goals are to raise awareness of household energy consumption, support product development to grow the final distribution business, and disrupt the industry by challenging the status quo. Christy brings her software and integration experience to her Schneider Electric from her previous work in the security industry. Throughout her 20-year career with multiple Fortune 500 companies, Christy has focused on delivering creative, integrated solutions to address complex customer problems.

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