The great news for customers using solar PV panels and social energy continues, as a new study shows the value of the market has reached an all-time high.
If you’re not already part of this incredible energy revolution, here’s what you need to know: the latest developments in technology allow savvy customers to link their solar PV panels to storage batteries (our product uses only approved Duracell 3Kw storage batteries), creating the ability to save, export or sell additional energy drawn from the panels.
Social energy savings
Advancements such as this – which provide the opportunity for customers to cut out the notorious ‘Big Six’ energy suppliers and unlock savings of up to 70% – are powering a global boom in the use of solar and social energy, as more and more consumers and innovators wake up to the revolutionary power on offer to them.
Research from Wood Mackenzie and the Solar Energy Industries Association in the Q3 2019 Solar Market Insight Report shows that the value of the market is an all-time high, with the Stateside solar pipeline topping out at a huge 37.9 gigawatts.
This growth continues apace, with an additional 11.2 gigawatts of utility-scale projects announced in the first six months of 2019 alone.
Benefits for consumers
The scale of the growth, coupled with the disruptive nature of solar and social energy technology, is driving incredible benefits for consumers. Solar is winning the battle to be among the cheapest type of power purchase agreement, with a cost per kWh much better than any new fossil fuel plants coming online. Solar is now the most economical choice for utilities.
So if you have yet to join the social energy revolution and start reaping the benefits, we’ve put together a set of handy resources so you can learn more about how the technology works and how it can help you save, store and trade your own energy.
Start by reading our social energy explainer for an overview of the topic, then jump into our rundown of the required equipment. If you think social energy could work for you, check out our detailed product guide and take your first steps on joining the energy revolution.