© Casey Brooke Lawson / photon-pictures.com
| 02.08.2013: The global market for residential PV energy storage systems is expected to boom in the coming years, with cumulative installations growing from 12 MW in 2012 to 2.5 GW by 2017. Up to now, financial incentives and subsidies, such as FITs, have made it financially attractive for PV system owners to send excess electricity to the grid. A new report from IMS Research finds, however, that this model is rapidly changing in established markets, where incentives are subject to regular reductions. Reduced incentives, coupled with rising electricity prices, will increasingly make self-consumption of energy on site more attractive to homeowners. Furthermore, IHS predicts that the average price of battery-based residential PV energy storage systems will decline by about 45% during the next 5 years. This will mostly be due to decreases in battery prices. © PHOTON http://www.isuppli.com The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/79157.pdf |
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