2020 has been a challenging year for everyone, and the solar industry is no exception. Full recovery from the current recession will likely take years, but solar companies can take steps today to bolster their business.
Building energy storage capabilities and growing your team’s understanding of storage applications is critical. Solar companies that add storage to their projects improve project margins, deliver differentiated and competitive offerings, and enhance the resilience of their business. Based on real-world deployments by Stem partners, we find that developers can increase their revenue by 50% and improve gross profit by up to 2x with the addition of storage.