The Energy Show
The Energy Show
Barry Cinnamon
10 Home Energy Predictions for 2024
24 minutes Posted Jan 2, 2024 at 4:29 pm.
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I’ve added electrification predictions for 2024 to my customary set of solar and storage predictions. Electrification incentives in the Inflation Reduction Act (IRA) are already starting to drive demand for heat pumps and electrical upgrades, just as tax credits accelerated the solar and EV markets in the past.
So here I go again sticking my neck out with these ten home energy predictions for 2024:
EVs will be equipped with integrated 240-volt generators for home backup and evening power
Heat pump sales will surge by 25%
Fewer than half of the newly announced clean energy manufacturing plants will be completed
Utilities in other states will follow California’s lead to end Net Metering
Residential solar revenues in California will plunge by 50%
A national-scale solar installation company will file for bankruptcy
Tesla will claw its way into the U.S. inverter business
Virtual Power Plants (VPPs) and Vehicle to Grid (V2G) will not gain traction
The residential battery system business will consolidate
It’s Game Over for fossil fuels
For more details on my Home Energy Predictions for 2024, please go to www.EnergyShow.biz.