With the global emphasis and promotion of renewable energy, photovoltaic power generation has become one of the important renewable energy sources. Residential PV refers to a small photovoltaic power plant that installs photovoltaic panels on the roof or courtyard of a household, and is a distributed photovoltaic power generation system. With the increase of policy support and market demand, the Residential solar market is gradually emerging, becoming a new growth point in the photovoltaic industry. This report will analyze the current development status and prospects of Residential PV technology.
The Development Status of residential PV
a. International development status
Residential PV has been widely applied and developed abroad. In the United States, Europe, Japan and other developed countries, residential solar has become a green energy choice for many families. The governments and enterprises of these countries have provided various support in policy, funding, technology, and other aspects, promoting the rapid development of the Residential PV market.
b. Current Development Status of China
In recent years, the Chinese government has continuously increased its support for renewable energy, and residential PV have also developed rapidly. In 2018, China’s residential solar installed capacity reached 3.5GW, a year-on-year increase of 89.7%. At present, the number of rural households in China exceeds 200 million, and the vast majority have the basic conditions for installing residential solar systems. Therefore, the Chinese Residential PV market has enormous development potential.
The Development Prospects of residential PV
a. Policy support
With the global emphasis and promotion of renewable energy, the Chinese government will continue to increase its support for renewable energy. In the coming years, the Chinese government will introduce more preferential policies to encourage residents to install Residential PV systems and promote the rapid development of the Residential PV market.
b. Technological innovation
With the continuous progress and innovation of technology, the efficiency and cost of residential solar will be further improved. In the coming years, China will continue to increase its research and development efforts in photovoltaic technology, promoting the rapid development of the Residential PV market.
c. Market demand
With the increasing awareness of environmental protection among residents and the encouragement of government policies, more and more households will choose to install Residential PV systems. Meanwhile, with the popularization of new energy vehicles, the demand for household electricity will further increase, providing more opportunities for the development of the Residential PV market.
Conclusion
Residential PV is a distributed photovoltaic power generation system that has the advantages of land conservation, convenient installation, and low cost. With the increase of policy support and market demand, the residential solar market is gradually emerging, becoming a new growth point in the photovoltaic industry. In the coming years, the Chinese government will continue to increase its support for renewable energy, encourage residents to install residential solar systems, and promote the rapid development of the Residential PV market. At the same time, technological innovation and market demand will also provide more opportunities and impetus for the development of the Residential PV market.
