EnergySage Reports Increased Solar Costs 12 months over 12 months

According to EnergySage’s sixteenth “Solar and Storage Marketplace Report,” gear provide constraints continued to influence pricing, because the quoted value of solar on EnergySage has elevated to $2.85 per watt: a 6.7% enhance for the reason that lowest value in early 2021.

The firm notes that the put in value of energy storage is up as properly, rising by $50 per kilowatt-hour saved, or 3.9%, in 2022.

There have been additionally extra shifts in market share for the highest quoted solar panel manufacturers: In the second half of 2022, Q CELLS overtook REC as probably the most steadily quoted panel model on EnergySage, with greater than one-quarter of all quotes together with Q CELLS panels.

Additionally, as installers appeared to safe their provide throughout shortages in 2022, the share of quotes represented by the highest three manufacturers on EnergySage continued to drop – from 66% in 2021 to 58% in 2022. Enphase remained probably the most quoted inverter and battery storage model.

Furthermore, within the second half of 2022, 59% of installers provided solely a single inverter model, the very best degree of name loyalty since EnergySage started monitoring this info in 2014.

Similarly, over one-third of installers solely labored with a single solar panel model, the very best degree since 2015.

More than simply installer model loyalty, these developments present perception into shopper selection and provide chain availability as properly, in accordance with EnergySage.

“While the solar tax credit was extended and expanded under the passing of the Inflation Reduction Act in August, we also saw California pass new rules that negatively affect its net metering program,” says Vikram Aggarwal, EnergySage CEO and founder. “Through these highs and lows, consumers continue to depend on EnergySage for help understanding and navigating the complexities of their electrification journey.”

EnergySage’s semiannual report analyzes tens of millions of transaction-level knowledge factors generated by quotes despatched to householders purchasing on for solar panels, inverters, batteries and extra from solar firms in 41 states and Washington, D.C.

Download the complete report right here.

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