IHS: Home PV Storage Capacity To Grow from 12MW to 2.5GW by 2017
Decreasing battery prices and new subsidies that cover the cost of installation will drive a boom in residential solar energy storage. In addition, rising energy prices and a reduction in feed-in tariffs are driving residential solar customers to consume more of their own power rather than sending it back to grid. This trend was kickstarted by the introduction of the German Energy Storage Subsidy in May, says IHS.