Solar and Storage: Opportunities in the Smart Home

SYNOPSIS:

The recent years have brought a series of natural disasters that impacted electrical grids and raised awareness of grid resilience as both an infrastructure issue and a very personal issue in consumers' lives as they struggled through a pandemic with power outages caused by weather or fires. Meanwhile, new technology innovations and trends such as the push to electrify our automotive fleet will substantially increase energy demand in the near future. With climate change disasters happening today and the EV revolution coming tomorrow, there is a significant opportunity for solar and storage providers to deliver solutions to support a lower-carbon and more resilient smart home of the future. This industry report addresses established leaders and notable new entrants who are leveraging solar and storage solutions to help consumers save money, meet rising energy demand, and even reduce their environmental impact.

ANALYST INSIGHT:

"As traditional sources of power decline and become more costly, demand for renewable energy like solar solutions and electric vehicles will expand. Consumers respond most quickly to economic incentives, and as electricity becomes more expensive and renewable options more affordable, households are open to adopting renewable alternatives," said Chris White, Research Director, Parks Associates.