Clean Tech News & Views: EVs, Solar Energy, Batteries
The share of new residential solar photovoltaic systems paired with batteries has increased since we began collecting data in October 2023. In April 2024, more than 50% of residential solar photovoltaic installations were paired with battery storage, compared with just over 20% in October 2023., a method for compensating behind-the-meter resources. Small-scale systems are less than one megawatt of installed capacity.
Solar paired with battery installations makes up about 9% of all installed residential net metering capacity in California, with over 40,000 new installations added between October 2023 and April 2024. Those installations accounted for 232 megawatts of new battery storage capacity in the state. California residential solar capacity eligible for net metering increased by 22% in the third quarter of 2023 compared with the same period of 2022 as customers installed capacity before the compensation structure changed. The rate of growth slowed in the fourth quarter, after the changes went into effect, but net metering-related capacity continued to increase. California now has more than 12,000 MW of installed solar capacity in residential net metering systems smaller than 1 MW.
In California, residential units account for more than 70% of the net metering installed capacity and approximately one-third of total solar capacity in the state. Our data show that during the third quarter of 2023, 83,376 new residential net metering photovoltaic systems were installed, compared with 70,152 systems connected under the old NEM 2.0 rule during the same period in 2022. However, we cannot differentiate the systems that requested to be grandfathered to NEM 2.0.
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