EnergySage‘s 18th semi-annual Photo voltaic & Storage Market Report finds that for the primary time since mid-2021, photo voltaic costs decreased on the EnergySage Market, dropping by 3.5% to $2.80 per watt.
Quoted storage costs additionally fell by 6.4% on EnergySage within the second half of the yr, reducing for the primary time because the firm started monitoring costs in 2020.
“The house electrification business confronted a difficult yr in 2023 amidst a altering internet metering panorama and protracted inflation,” says EnergySage COO Charlie Hadlow.
“Nonetheless, EnergySage Market knowledge exhibits a turning level could possibly be simply across the nook, with shopper demand holding sturdy and diversifying, whereas photo voltaic and storage costs have decreased. The newest EnergySage report gives a novel perspective for this dynamic however resilient second within the business, each from the installer and home-owner views.”
The report analyzes home-owner purchasing transactions on EnergySage.com throughout 2023 for photo voltaic panels, inverters and batteries from photo voltaic corporations in 41 states and Washington, D.C.
