3 Solar Power Predictions for 2016

Welcome 2016

Quite a lot happened in 2015 that will bring improvements to our homes and environment. Now that 2016 is here, we wanted to make some solar power predictions around what we think is in store for the Midwest.

1 – More homeowners will go solar. The renewal of the ITC will allow solar installations in the Midwest to catch up to what has been going on in the coastal states. More and more homeowners will turn to solar this year as they watch their electricity bills increase due to rising costs of fossil fuels and rate hikes approved by PUCO.

2 – Storage is going to be talked about more than installed this year. We don’t think 2016 is the year for energy storage, although it will start creeping more and more into the media. We’ve already seen the excitement building around energy storage prototypes, but in the Midwest, we think it will be a few years away until energy storage provides financial benefits.

3 – Solar installation prices will continue to drop, although only slightly. PV modules have already seen significant price cuts over the last few years, so any future drops in price are more likely to come from installation innovations. These types of efficiency changes are only likely to result in small cost cuts and not on the scale as has been witnessed one the last few years.