![]() In the second half of 2022, Qcells overtook REC as the most frequently quoted panel brand on EnergySage, with more than 25% of all quotes including Qcells panels. Residential market-share shifts for solar panel brands It’s important that consumers get at least three quotes to get the best price from a vendor they trust. Plus, the Inflation Reduction Act was enacted, which bumped the tax credit up to 30%, so it mitigates the inflation rate.Īll of this highlights the importance of shopping around for rooftop solar. So that contributed to the price of solar in 2022.īut on the positive side, solar prices increased at a slower pace than other consumer goods, and particularly electricity. ![]() Not only was it harder to get supply, but it also took longer to do so. Equipment supply constraints are certainly affecting the market, and that impacts the availability of raw materials or assembled products that are installed on a consumer’s home. Spencer Fields’ Take: The solar market was affected by inflation like many other consumer goods were in 2022. The installed cost of energy storage is also up, increasing by $50 per kWh stored, or 3.9%, in 2022. Ongoing equipment supply constraints continue to impact pricing, as the quoted price of solar on EnergySage has increased to $2.85 per watt, a 6.7% increase since the lowest price in early 2021. Electrek spoke with Spencer Fields, head of insights at EnergySage, and one of the report’s authors, about what those three takeaways mean for consumers going forward. The report draws from millions of transaction-level data points generated by quotes sent to homeowners in 2022 from solar companies in 41 states and Washington, D.C.īelow are three key insights that EnergySage identified in this new report. Its calendar year 2022 report – which can be downloaded for free – looks at trends in rooftop solar pricing, equipment, marketplace share, and financing. ![]() Rooftop solar trends in 2022ĮnergySage has just released its 16th Solar & Storage Marketplace Report, and the online comparison solar and storage shopping marketplace shared it with Electrek for an exclusive first look. "Different regions that show the same search interest for a term don't always have the same total search volumes."įor the example we used above with Apple, this would mean that on August 18, Apple was one of the most popular search terms when compared to every other topic, for those searching on Google News in the US.Ī zero rating, however, wouldn't mean that no one searched for Apple, but only a small number compared to the peaks.Here are three standout rooftop solar trends that emerged in 2022 – and how they impact consumers who want to switch to clean energy."The resulting numbers are then scaled on a range of 0 to 100 based on a topic's proportion to all searches on all topics.".Otherwise, places with the most search volume would always be ranked highest." "Each data point is divided by the total searches of the geography and time range it represents to compare relative popularity.Once you've searched a term or topic and customized some of its variants, understanding what the peaks (represented with a 100 on the graph) and plateaus actually mean can be confusing. How to interpret what each graph on Google Trends means
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