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Press Releases

Solar Technology Becoming More Affordable

May 19, 2016

home automation

Smart Energy Summit

renewable energy

smart energy devices

Distributed generation and storage technology is driving cost reductions for solar technology, while tax incentives and third-party financing have made installation even more affordable. Retail parity, the point that the installed cost of solar is less than the retail price of electricity, is here in different regions of the country, and is nearly here in the remaining areas.

Batteries have traditionally been too expensive for widespread installation, but the price curve for battery storage is reaching the point where energy storage is now a viable product. The combination of manufacturing efficiencies brought about by the growing volume from electric vehicles and technology enhancements has resulted in significant cost reductions and adoption.

Smart Energy Summit speakers for the session “Solar Industry: Integration, Competition, and Impact on IoT” discussed the growth of the solar industry and efforts to integrate with utilities and smart home service providers.

Dwain Kinghorn, Chief Strategy and Innovation Officer, Vivint Solar
Karen Poff, Project Manager, Austin Energy
Matt Smith, Senior Director of Utility Solutions, Silver Spring Networks
Ivo Steklac, Vice President General Manager of RLC Solar Energy Solutions, SunPower Corporation
Ilen Zazueta-Hall, Director, Product Management for Energy Management, Enphase

For more information about this session and Smart Energy Summit, download the Event Summary, Click Here.