After three consecutive years of growth, battery storage installations are slowing. What does this mean for the industry? Let’s take a look.
Have solar panel installations peaked?
2024 saw a 15% rise on the previous year for battery energy storage system – BESS – installations, such as for solar panels. While still good, this indicates a slowdown in growth from previous years; however, this hasn’t come as a surprise. Experts say this slowdown was expected, with the previous fast pace down to a surge in household installations that are no longer in demand. Germany, Italy, and the UK were the top three countries in this study.
Where will renewable energy systems go next?
Analysts are predicting continued growth in the next few years, and it is thought that the Netherlands will become a frontrunner for solar energy. By 2040, it is hoped that the European market will have reached such heights that the transition to renewable energy will be well underway.
Let’s take a look at how we as individuals can become part of this historical movement:
Solar panels for households
Here in the UK, there are some incentives to help households take the plunge and install solar panels on their properties. The main solar energy installation scheme is EC04, which provides funding for eligible low-income households and often covers the costs of the installation. Another is the Smart Export Guarantee, or SEG, which enables homeowners to sell excess electricity back to the grid, making it a great source of income in addition to helping to reduce household costs.
Solar panel installation in Cheltenham
If you are interested in solar panel installation Cheltenham, you should contact a trusted installer such as https://www.precisiongreenenergy.co.uk/renewables/solar-panel-installation/cheltenham to assist with your plans. From assessing your property to fitting panels, specialist installers will guide you in choosing the right setup for your home.
If you are worried about maintenance or troubleshooting, your installer will be able to advise you on how to look after your solar panels and rectify any issues with your purchase.