White Paper Download from onsemi

Optimizing Residential Solar Energy Systems for Efficiency, Reliability, and Cost

The California 2022 Building Energy Efficiency Standards are the first US building codes to mandate solar for new residential homes. With legislative efforts being made to enact similar standards in other regions, it should be no surprise that the solar market is projected to have incredible growth over the next decade.

The photovoltaic inverter market from 2021 to 2025 is expected to reach nearly 1 terawatt of capacity for a total market value of $54 billion.

According to Solar Industry Research Data, the percentage of residential and commercial solar systems paired with energy storage systems is on the rise, increasing from 11% in 2021 to an expected 29% by 2025.

The growth in the solar residential market is bolstered by increasing energy costs and solar system cost reduction of approximately 33% over a 5−year period. In the United States, the percentage of new energy capacity additions contributed by solar was 50% of the total in 2022 compared to 25% in 2018.

This white paper examines the main components of residential solar systems and suggests some power solutions from onsemi to make them more efficient, reliable, and cost-competitive.

To continue reading and learn more, you can download the white paper by completing the brief form.

 

Your details

We want to make sure you know exactly what information about you we keep and how we use it. Please read these terms and conditions carefully and make sure that you understand them before agreeing to them.

ElectronicSpecifier and onsemi will use your data to communicate with you in the ways you have agreed to, and in accordance with our Privacy Policy. You can opt out of all communications or the ways in which we process your data at any time by contacting us. For full details, see our Privacy Policy.

Newsletter
Latest global electronics news
© Copyright 2024 Electronic Specifier