BloombergNEF: Residential Solar Installations Proceed at Report Tempo

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BloombergNEF: Residential Solar Installations Continue at Record Pace

According to a recent study by Bloomberg New Energy Finance (BloombergNEF), global demand for solar energy has risen sharply this year.

BloombergNEF reported that residential solar panels in the US were 21% higher in the first seven months of this year than in the same period in 2019. BloombergNEF attributed American demand to a pandemic lockdown while also becoming more aware of household energy costs became home improvement Spree.

Along with solar demand, the US has just broken its record for energy storage. According to Wood Mackenzie’s latest report on the U.S. Energy Storage Monitor, the third quarter broke the record for new storage deployments across the country, wiping out the second quarter (which previously held the record) by 240%. Although utility systems led the way, the residential segment also posted another record quarter.

Given the growing demand for residential solar and energy storage solutions, five of the most active companies are: NeoVolta, Tesla, Jinko Solar, Canadian Solar, and Array Technologies.

A detailed description of the five most active solar and energy storage companies can be found here.

Photo: NeoVolta’s Homebuilders website

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