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Residential PV Surpasses Commercial And Industrial Sectors

According to the report, 2021 will be another extraordinary year for renewable energy and battery storage. Although all industries are growing, the growth of residential solar is the most significant.


The Increase Of Solar Power System Installations

In 2021, residential photovoltaic installations have increased by 30%. According to analysis, commercial solar powered products installation in households or small businesses will increase from 18.9GW in 2020 to 25.2GW.


One reason for this shift is cost dynamics. As the price of photovoltaic modules soars throughout 2021, larger photovoltaic projects, including those planned for commercial and industrial rooftops, are more likely to be delayed or postponed due to a series of supply chain challenges. In contrast, the residential sector is less affected by price increases, and labor and sales costs account for a larger share of the total cost of end-customer photovoltaic systems.


China's residential rooftops will resume full-load operation in 2021, which is another driving force for the expansion of residential photovoltaics. However, in the first seven months of 2021, the installation volume of residential roofs in China reached 7.66GW, and the annual installation volume is expected to reach 17GW. According to the report, in July alone, homeowners and developers in China installed 1.8GW of rooftop photovoltaics.


The Future Of Solar Power System Is Prosperous

In the field of renewable energy, offshore wind power, utility-scale battery storage and electrolytic hydrogen will all increase in 2021. The number of large battery devices has tripled, and the capacity of electrolytic hydrogen devices has increased from 0.04GW in 2021 to 0.08GW in 2021. It is estimated that 270GW of renewable energy devices will be installed by 2022, of which solar energy and green hydrogen energy are in a leading position.


We believe that in 2022, people's demand for solar energy will become greater and greater, and we, Solarborn, are dedicated to providing all customers with high-quality products and professional services. Hope we can be your first choice.


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