BNEF Brief: The Realities of Residential Energy Storage Batteries

The video discusses the growth of the residential solar plus storage market in California, driven by changing rate structures and subsidies. The market has expanded significantly, with payback periods ranging from 5 to 8 years. Financing options like leases make solar storage more attractive. The market is concentrated, with LG Cam and Tesla dominating. Cost reductions in batteries and PV are crucial to offset expiring subsidies.

What factors have contributed to the growth of residential solar plus storage in California?

• Increased electricity demand

• Government mandates

• Changing rate structures and subsidies

• Technological advancements in wind energy

What is the expected payback period for solar plus storage systems in California?

• 5 to 8 years

• 10 to 12 years

• 2 to 4 years

• 15 to 20 years

How do financing mechanisms like leases impact consumer decisions regarding solar plus storage?

• They increase the payback period

• They make it a viable option

• They have no impact

• They make it less attractive

Which two companies dominate the battery provider market for solar installations?

• Samsung and Panasonic

• LG Cam and Tesla

• Sony and Toshiba

• Apple and Microsoft

What percentage of consumers requested products from LG Cam and Tesla according to a 2018 survey?

• 50%

• 90%

• 60%

• 80%