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German homeowners discouraged by storage costs

From pv magazine Germany

EuPD Research says in a new report that it is optimistic about the market for residential storage systems in Germany.

The Bonn-based research company said it recorded an increase of 106,000 home storage units in the country last year. It expects 150,000 new battery storage systems to be installed this year.

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However, some PV installers are missing out on this growth. In its “Global PV Installer Monitor 2020/2021″ report, EuPD Research says that one-quarter of installers currently do not offer any storage products. There are several reasons for this, but price is playing a particularly key role and has been mentioned as one of the main obstacles to storage deployment for several years.

Prices for storage solutions fell by 21% between 2017 and 2020. According to EUPD Research, a kilowatt-hour of storage capacity fell in cost from €889 in 2017 to €699 in 2020. However, lack of demand and low knowledge are also why many installers are still not offering storage.

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Source: pv magazine