According to EnergySage’s 16th “Solar and Storage Marketplace Report,” equipment supply constraints continued to affect pricing, as EnergySage’s quoted price for solar energy has risen to $2.85 per watt: a 6.7% increase from the early 2021 low.
The company states that installed energy storage costs have also increased and will increase by $50 per kilowatt-hour stored, or 3.9 percent, in 2022.
Market share also changed for top-quoted solar panel brands: In the second half of 2022, Q CELLS surpassed REC as EnergySage’s top-quoted panel brand for more than a quarter of all quotes, including Q CELLS panels. .
Additionally, as installers look to secure supplies during the 2022 shortage, the share of bids represented by the top three brands on the EnergySage site continued to decline — from 66 percent in 2021 to 58 percent in 2022. Enphase remained the most quoted among inverter and battery stocks. brand.
Additionally, in the second half of 2022, 59% of installers offered only one inverter brand, the highest level of brand loyalty since EnergySage began tracking this data in 2014.
Similarly, more than a third of installers worked with just one solar panel brand, the highest level since 2015.
According to EnergySage, these trends provide more than just brand loyalty for installers, they inform consumer choices and supply chain availability.
“While the solar tax credit was extended and extended with the August Inflation Relief Act, we also saw California pass new rules that will negatively impact its net metering program,” said Vikram Aggarwal, CEO and founder of EnergySage. “During these ups and downs, consumers continue to depend on EnergySage to help them understand and navigate the complexities of their electrification journey.”
EnergySage’s semi-annual report analyzes millions of event-level data points from quotes from energy companies in 41 states and Washington, DC, to homeowners buying solar panels, inverters, batteries and more.
Download the full report here.
