More homeowners are considering solar power during the Iran oil crisis
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More homeowners are considering solar power during the Iran oil crisis
"In the 11 days after the conflict began, EnergySage, an online marketplace for clean energy systems, saw a 17% increase in homeowners requesting quotes for solar installations, and a 23% increase in requests for solar plus a home battery. That's compared to the 11 days before the escalation."
"EnergySage has also seen a 30% increase in requests for EV charger installations. It's not yet clear if that increase is directly related to a surge in EV sales. But there are signs of a growing interest in that market too. Edmunds, an online retailer for new and used cars, says searches for hybrids, plug-in hybrids, and EVs are up 20% in one week."
"The company notes that it can't specifically credit those increases to one cause like the conflict; there may be multiple factors at play. But it still believes the war is part of this directional change. And that growth is notable, a spokesperson adds, because demand for these installations has been soft since the federal tax credits for such home upgrades expired in December."
Following escalation of conflict in Iran, EnergySage reported significant increases in clean energy inquiries: 17% more solar installation quotes and 23% more solar-plus-battery system requests within 11 days. The company also documented a 30% increase in EV charger installation requests. Simultaneously, Edmunds reported a 20% weekly surge in searches for hybrids, plug-in hybrids, and electric vehicles. While EnergySage acknowledges multiple factors may contribute to these increases, the geopolitical situation appears to be driving consumer interest toward renewable energy and electric transportation alternatives. This growth is particularly notable given that demand for home solar installations had remained soft since federal tax credits expired in December.
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