The Inflation Discount Act (IRA) has all kinds of goodies for owners seeking to be extra power environment friendly and/or electrified. And the owners which can be most probably to be on the entrance of the road for such issues are photo voltaic owners. So, what are they most concerned with? And may photo voltaic installers assist?
Palmetto Photo voltaic just lately conducted a survey of 350+ solar homeowners about their curiosity within the new power effectivity credit and rebates discovered within the 2022 Inflation Discount Act. What IRA incentives are photo voltaic shoppers concerned with?
Vitality-efficiency (however earlier moderately later)
48% of photo voltaic owners are glad with their house power effectivity. However this quantity will increase over the course of their system’s lifetime, in line with Palmetto:
When responses to the query, “How glad are you with the power effectivity in your house?” have been mapped to respondents’ photo voltaic possession standing, we discovered that the share of house owners who indicated that they’re both glad or very glad with the power effectivity of their house will increase over the course of photo voltaic possession. Whereas satisfaction dips in 12 months two earlier than rising in 12 months three, we discovered that photo voltaic owners’ curiosity in energy-efficiency upgrades adopted the identical development, indicating this may be a time when photo voltaic owners search to additional optimize their power effectivity.
Greater than half (58%) of photo voltaic owners have already invested in high-efficiency home equipment—one of many power effectivity upgrades that will now be eligible for monetary incentives.
Battery storage vs EV curiosity
61% of photo voltaic owners are concerned with photo voltaic power battery storage now that the Inflation Discount Act of 2022 has handed.
Among the many house energy-efficiency upgrades offered in our survey, photo voltaic battery storage captured the very best stage of curiosity in 4 out of 5 U.S. markets. (The exception was the Northeast, the place curiosity in battery storage got here in second to HE home equipment at 57% vs. 59% respectively.) General curiosity was highest within the Western and Midwestern states, the place 70% of house owners indicated curiosity in good house battery storage figuring out that incentives might now be accessible.
However much more photo voltaic owners are concerned with shopping for an electrical automobile (greater than 78%). That’s not due to battery attachment charges both. Solely 5 p.c of the photo voltaic house owners surveyed at present owned a battery vs 11 p.c of these surveyed already proudly owning or leasing a hybrid or electrical automobile.
Batteries lead when it comes to monetary affect
71% of photo voltaic owners take into account worth a very powerful issue when evaluating house or automobile energy-efficiency investments, adopted by incentives and tax credit, then financial savings (each round 50%).
That is the place curiosity in battery storage is available in once more: Photo voltaic prospects perceive the return on funding potentialities:
When requested which upgrades might need the best affect on their monetary financial savings, respondents favored photo voltaic battery storage and extra photo voltaic panels, revealing an consciousness of the Battery storage supplies the best perceived affect on long-term monetary financial savings, in line with photo voltaic house owners 10 distinctive advantages every funding can present. Greater than 1 / 4 (26.5%) of photo voltaic house owners consider battery storage can have the best long-term affect on their monetary financial savings.
In distinction, whereas photo voltaic house owners consider that electrical automobiles have the best affect on the setting, battery powered automobiles ranked final when it comes to long-term monetary financial savings.