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Whereas this pairing continues to be relatively new, the growth over the next five years is predicted to be significant.
By 2025, nearly 25% of all behind-the-meter solar systems will
be paired with storage, in comparison with below 6%
in 2020. The utility-scale market is also recognizing the
advantages of pairing photo voltaic with storage, with over 26 GW of commissioned
or introduced initiatives including storage, representing
over a quarter of all contracted initiatives. As of Q1 2021, the contracted pipeline
sits at 85 GW, with most of those projects
slated for completion earlier than 2024, forward of the beforehand scheduled step-downs for the Funding Tax Credit (which was extended by two years in late December 2020).
Whereas most creating utility-scale projects have remained on schedule regardless of the pandemic, growing world costs
for a lot of inputs and the tightening of tax fairness markets have the
potential to create delays for some initiatives in the near-time period.

19.2 GW installed in 2020. With an historic utility-scale pipeline and recovering demand within the residential and non-residential segments, the industry is set for a sequence of report years till 2024,
when the ITC is scheduled to completely step down.

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