People on the traditional grid could see lower costs, greater grid reliability, and less volatile energy prices.
And the rate of residential installation is booming: A record 700,000 homeowners installed arrays in 2022, according to the trade group Solar Energy Industries Association.
Henglein and Steets/GettyAnother option for homeowners is peer-to-peer energy trading.
Users buy and sell electricity with any counterparty, whether it's a neighbor or the broader electricity market.
There are, of course, concerns about the reliability of solar energy.
Persons:
Localvolts, Kartik Menon, Goldman Sachs
Organizations:
Business Insider's, Solar Energy Industries Association, Solar Investment Tax, US Department of Energy, Goldman
Locations:
Localvolts, editorial.standards@insider.com, California , Texas, Florida, California, Arcadia, Washington, DC, Australia, Texas