Despite the challenges faced by companies and individuals across the world in 2022, namely economic instability and an ever-worsening climate crisis, last year was massively positive for the solar industry.
Investment in PV systems shot up globally, as many awoke to the idea that renewable energy can significantly alleviate the impacts of rising gas and electricity bills — and help build a more sustainable future.
Now, we are thrilled to discover that solar demand will continue to soar in 2023, with the latest research and trends proving the increasing value of residential and commercial PV for the year ahead!
Promising PV predictions
Experts have closely examined data from the 200 solar industry in their mission to anticipate this year’s PV landscape — and the results are impressive, to say the least.
Having witnessed demand increase by at least 40% last year, the solar industry also saw revenues rise by around 50%.
The latest research suggests that the recent growth of the solar industry was not a ‘one off’, with rapid, sustained growth expected to sweep through this space for the next few years thanks to a number of factors.
Increased demand and easing supply chain issues will influence a drop in the cost of PV products, allowing even more home and business owners to turn to these solutions.
Plus, with increasing profits and a reliable market for solar batteries and inverters, manufacturers can confidently invest in the development of new, innovative technologies and better, more efficient production methods.
For example, artificial intelligence (AI) is set to play a more pivotal role in the PV industry this year, by handing manual tasks over to speedy computers and automating all sorts of processes.
AI has already helped support innovation in battery storage products, forming the foundation of concise monitoring platforms that collect and relay concise, real-time information about the health and performance of PV systems (and allow you to ensure optimum performance!).
This year, we expect AI to reach its solar potential, as PV companies use this technology to deduce the solar potential of a whole neighbourhood of rooftops based on how much sun exposure they receive and at what times. This information can then be used to ensure optimised PV system installation and make solar even more viable for home and business owners.
All in all, there has never been a better time to opt for sustainable solar solutions…
A great time to go solar
KODAK Solar Products supplies a wide range of high-quality, low-cost PV solutions allowing you to loosen (or cut) your ties with the national grid and experience energy freedom.
All KODAK Solar Products off-grid inverters, including those from the OG, OGS and OG-Plus range, are expertly designed with the current climate in mind, making them suitable for end-of-line locations with little to no grid stability.
Such products are complemented by the KODAK Solar Products batteries, the BL3.6 and FL5.2, which offer high performance and superior reliability for maximum cost savings, sustainability and peace of mind.
And with such a variety of models, there is a perfect solution for everyone — whether you are looking for guaranteed hot water and air conditioning in your home or need to keep your doors open for business and satisfy customers at all times.
Why wait to get your own KODAK Solar Products PV solutions? Find a skilled installer near you today.