The revenue could reach a whopping $1.45 billion in 2025, says a solar power firm.
This makes the firm less susceptible to being overtaken by cheaper Asian rivals that have brought down some other German solar firms in the past 10 years.
Solarwatt's technology can also help owners who wish to reduce their impact on the environment, both in how they power their homes, and in how they run their electric cars. "That is logical, given home solar production costs 10 to 12 cents per kilowatt hour and buying-in from the utilities costs 45 cents," Neuhaus said.Not all is rosy, though. Despite its current success, Solarwatt is still struggling with a lack of parts and labor."There are still difficulties with supply chains and installation capacities," Neuhaus said.
In addition, an entire solar-based value chain with panels, batteries, heat pump, and digital management still currently costs tens of thousands of euros. As such, many residents are holding on to their gas boilers. This may, however, not always be the case. According to a report by Oslo-based Rystad Energy published in November 2022, the cost of generating power using solar photovoltaicsBy the end of 2023, renewable energy capacity in the form of solar and wind farm installations is expected to supply about 50 GW of energy.
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