In today’s Electric Green Energy Brief (EGEB)
- From July 2020 to June 2021, three outstanding solar, storage and financial trends emerged.
- India has reached 100 GW of clean power.
- UnderstandSolar is a free service that connects you to the highest quality solar panels in your area for personalized solar estimates. Tesla now offers price comparisons, so it’s important to buy the best quotes. Click here to learn more and get your quotes. – * Notice.
2020-21 Roof solar and storage trends
The U.S. Department of Energy’s Online Solar Market Energy Sage today released its 13th-quarter annual “Sun Marketplace Intel Report”. From July 2020 to June 2021, it is an analysis of millions of solar and battery quotes on solar energy by solar companies.
Here are three key insights from the recent report:
Solar prices are declining, and battery storage prices are rising. The mentioned solar price has dropped by more than 6% per year. Medium battery storage has increased by 10% per kilowatt-hour.
Three battery storage companies control 85% of the market. In the second half of 2021, Iniesta found both LG Energy Solution and Tesla as the most frequently mentioned battery symbol on EnergySage. The three brands contained 85% of the citations last year. In addition, newcomers Q CELLS and NeoVolta took over the market as the smallest battery brands, Tesla.
Solar loan rates are becoming more consumer-friendly. After a three-year delay, energy loan rates on EnergySage began to decline, falling to 2.99% in the first half of 2021. The most frequently mentioned financing option is a 12-year loan with a current rate of 2.99%.
The full report can be downloaded here for free.
Read more Finally, a new bill would require tax credit for integrated solar roofs
India’s net energy level
India’s net energy capacity has reached 100 GW. According to the Government of India last Thursday [via the Hindustan Times]:
Today, India ranks fourth in the world in terms of installed RE [renewable energy] Capacity, solar fifth, and fourth in terms of wind-powered capacity.
India will also have 450GG by 2030.
To that end, India has a capacity of 383.73 GW. In addition, Prime Minister Narendra Modi’s government is particularly pleased that the current 2050 target is zero.
India has the third largest carbon emissions in the world after China and the United States, but the per capita carbon emissions are the lowest in the world.
On Friday, Modi announced a standardized and reusable vehicle revocation policy using a systematic process. is there [via the Times of India]:
The policy provides a new India in the mobility and automotive sectors. It plays an important role in scientifically removing inappropriate vehicles from our roads. It modernizes the traffic on our city streets.
Details of the removal policy can be read here, and the new policy is expected to provide significant support for the sale of electric vehicles in India.
as such ElectroFr.
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