16 Jun '14, 4am

Residential Energy Generation and Storage Will Reach $71.6 Billion in Annual Revenue by 2023

Residential Energy Generation and Storage Will Reach $71.6 Billion in Annual Revenue by 2023

The residential power business is ripe fruit for enterprising entrepreneurs. Take a look at this research report. Rooftop solar PV and other technologies are transforming the residential energy industry, Navigant Research report concludes Solar photovoltaic (PV) panels, which enable customers to generate some of their own electricity and sell unneeded power back to their utility, are the most visible form of the broad disruption caused by distributed energy resources (DER). The growing affordability of DER technologies is altering utilities’ traditional relationship with residential customers by giving customers greater control of their energy consumption. According to a new report from , worldwide revenue from all forms of residential distributed generation and energy storage will grow from $52.7 billion annually in 2014 to $71.6 billion in 2023. Solar photovoltaic (PV) p...

Full article: http://greenbuildingelements.com/2014/06/15/residential-e...

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