Assessing the New Home Market Opportunity: Case Study and Cost Modeling for Solar and Storage in 2030

Jeffrey J. Cook; Kaifeng Xu; Vignesh Ramasamy; Minahil Qasim; Matt Miccioli

doi:10.2172/1884301

Assessing the New Home Market Opportunity: Case Study and Cost Modeling for Solar and Storage in 2030

Jeffrey J. Cook, Kaifeng Xu, Vignesh Ramasamy, Minahil Qasim, Matt Miccioli

National Renewable Energy Laboratory

Research output: NREL › Presentation

Abstract

In 2020, the United States had a cumulative 19 gigawatts (GWdc) of residential solar photovoltaic (PV) capacity. A growing percentage of these solar installations are paired with battery storage, up from 0.1% in 2015 to 8.1% in 2020. Some states are considering or have already adopted policy mandates to require solar and storage systems. The cost of installing residential solar and battery storage projects remains a barrier to widespread adoption nationwide. For example, the cost of a typical residential retrofit solar and storage system ranges from $26,153 to $37,909, which is 38% to 100% higher than a standalone PV system.

Original language	American English
Number of pages	24
DOIs	https://doi.org/10.2172/1884301
State	Published - 2022

NREL Publication Number

NREL/PR-6A20-83667

Keywords

market
solar
solar-plus-storage
storage

Access to Document

10.2172/1884301

https://www.nrel.gov/docs/fy22osti/83667.pdf

Cite this

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title = "Assessing the New Home Market Opportunity: Case Study and Cost Modeling for Solar and Storage in 2030",

abstract = "In 2020, the United States had a cumulative 19 gigawatts (GWdc) of residential solar photovoltaic (PV) capacity. A growing percentage of these solar installations are paired with battery storage, up from 0.1% in 2015 to 8.1% in 2020. Some states are considering or have already adopted policy mandates to require solar and storage systems. The cost of installing residential solar and battery storage projects remains a barrier to widespread adoption nationwide. For example, the cost of a typical residential retrofit solar and storage system ranges from $26,153 to $37,909, which is 38% to 100% higher than a standalone PV system.",

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AU - Miccioli, Matt

PY - 2022

Y1 - 2022

N2 - In 2020, the United States had a cumulative 19 gigawatts (GWdc) of residential solar photovoltaic (PV) capacity. A growing percentage of these solar installations are paired with battery storage, up from 0.1% in 2015 to 8.1% in 2020. Some states are considering or have already adopted policy mandates to require solar and storage systems. The cost of installing residential solar and battery storage projects remains a barrier to widespread adoption nationwide. For example, the cost of a typical residential retrofit solar and storage system ranges from $26,153 to $37,909, which is 38% to 100% higher than a standalone PV system.

AB - In 2020, the United States had a cumulative 19 gigawatts (GWdc) of residential solar photovoltaic (PV) capacity. A growing percentage of these solar installations are paired with battery storage, up from 0.1% in 2015 to 8.1% in 2020. Some states are considering or have already adopted policy mandates to require solar and storage systems. The cost of installing residential solar and battery storage projects remains a barrier to widespread adoption nationwide. For example, the cost of a typical residential retrofit solar and storage system ranges from $26,153 to $37,909, which is 38% to 100% higher than a standalone PV system.

KW - market

KW - solar

KW - solar-plus-storage

KW - storage

U2 - 10.2172/1884301

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M3 - Presentation

ER -

Assessing the New Home Market Opportunity: Case Study and Cost Modeling for Solar and Storage in 2030

Abstract

NREL Publication Number

Keywords

Access to Document

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Cite this