1. EnergySage releases results of eighth annual Electrification Contractor Survey, first to expand to include professionals in solar-adjacent, whole-home electrification fields
2. Majority of solar installers and clean energy contractors predict growth in solar installations, battery storage, and heat pump installations
3. Financing options identified as biggest barrier to growing business, with lack of desirable options and increasing interest rates impacting interest in solar installations.
Independent Power’s lead installer Jan Scott is working on a residential solar installation project in Boulder, Colorado, as captured in an image released by EnergySage. The company has just released the results of its annual Electrification Contractor Survey, which now includes professionals in various electrification fields beyond solar.
The survey gathered insights from contractors nationwide, shedding light on the challenges they face, growth predictions, and the evolution of electrification installations. The report provides a detailed overview of the U.S. residential solar industry, heat pump industry, and home electrification trends.
Key findings from the survey include the majority of contractors predicting growth in solar installations, battery storage, and heat pump systems. Contractors are also looking to diversify into new products and markets to cater to consumer interest in renewable energy beyond just solar panels.
However, financing options have emerged as a significant barrier to business growth, with interest rates impacting consumer interest in solar installations. Despite these challenges, the clean energy industry continues to make strides in addressing climate change and helping Americans save money with renewable energy.