EnergySage announces its 16th release. Solar & Storage Market Reporta semi-annual report that analyzes transaction-level data points generated by quotes sent to shopping homeowners EnergySage.com Whole 2022 for solar panels, inverters, batteries, etc.
Here are three key insights from this latest report:
Solar PV prices continue to rise, up more than 6% year-on-year
Ongoing equipment supply constraints continue to impact prices, as EnergySage quotes for solar power increased 6.7% from early 2021 lows to $2.85/W. Energy storage installation costs have risen as well, rising by $50. 3.9% storage/kWh in 2022.
Further shift in market share for top solar panel brands
In late 2022, Qcells overtook REC as EnergySage’s most frequently cited panel brand, with more than a quarter of all citations involving Qcells panels. Additionally, as installers sought to secure supply during his 2022 shortage, the estimated share represented by EnergySage’s top three brands fell from 66% in 2021 to 58% in 2022. continued. brand.
EnergySage continues to grow installer brand loyalty
In the second half of 2022, 59% of installers offered only one inverter brand. This is the highest level of brand loyalty since EnergySage began tracking this information in his 2014. H2 2022 is the highest level since 2015. These trends provide insight into not only the brand loyalty of installers, but also consumer choice and supply his chain availability.
EnergySage CEO and Founder Vikram Aggarwal said: “Although the Inflation Reduction Act was passed in August to extend and expand the sun tax credit, California passed new rules that negatively impacted its net metering program. Consumers continue to rely on EnergySage to understand and navigate the complexities of their electrification journey.Our unique unbiased first-party data helps contractors, manufacturers, government agencies, policy makers , nonprofits and lending providers.”
News from EnergySage