Solar + storage projects are likely to boost the resilience and efficiency of the global energy networks. This fact is agreed upon by 92% of solar industry professionals. Solar + storage systems have the ability to provide 100% renewable energy in a reliable and cost-effective manner.
Furthermore, the solar industry can expect tremendous growth by the end of 2050. Currently, installations of solar systems with battery storage solutions have increased by tenfold. It is estimated that approximately 20% of homeowners will choose to install a battery bank with a solar PV system in the next ten years. However, this number is likely to increase by 50% till the mid-century.
Moreover, even the workers from the solar industry assert that investing in battery systems is worth every penny. Even in this era of inflation, investments in solar + storage systems is likely to surpass the installation of solar PV modules.
Problems in Solar Sector:
There are certain barriers to the growth of the solar sector. These factors include shortage of labor and inadequacies in public policy. According to 62% of solar industry respondents, it has become difficult to find skilled labor for the sector. Meanwhile, 47% of workers in the solar industry believe that defects and loopholes in public policy are the major factors holding the sector back. Therefore, in order to achieve net-zero targets, it is crucial to implement reforms in the permitting and licensing processes.
In this digital economy, the use of electronic tools can help facilitate the implementation and management of licensing and permitting for solar + storage projects. Solar + storage projects have the potential to accelerate the growth of the solar industry. However, problems such as shortage of skilled labor and challenges with permitting and licensing policies are impeding progress in the solar sector. To address this problem, the proper implementation of digital tools is more important than ever before.