As Solar Power International 2019 in Salt Lake City quickly approaches, the team at Neurio is gearing up for a big week. If you’re attending the show this year, we will once again be exhibiting (this time as part of the Generac family) and we have a lot in store for you! In addition to being on the expo floor, we’re hosting some phenomenal events for your education and enjoyment.
Making it Official
Earlier this year, Neurio was acquired by Generac Power Systems. This comes with a lot of exciting developments that are ramping up towards the end of the year. One that you’ll notice straight away is that we have taken on the Generac name and look.
Our core values and products will continue to live on, only now with much more to offer our installer and homeowner customers.
Meet the Generac Clean Energy Team
This year, we will be located at booths 3514 and 7147 in the Energy Storage International section. Both of our Generac booths will have representatives from Neurio, Pika and Generac to answer any of your questions about our exciting new ventures.
You can be one of the first people to get your hands on a PWRview home energy meter! We are hosting giveaways throughout the week and you can drop off your business card at either of our booths for a chance to win. We will be drawing a business card every hour, so there is plenty of opportunity to win one for yourself.
Make sure you save the date for our reception!
> Tuesday, Sept 24, 3:30 – 6:30 PM at Booth 7147 We know that trade shows can sometimes be a bit overwhelming and we wanted to make sure you had a chance to relax. Drop by our booth and chat with our representatives while you enjoy some light refreshments and drinks.
Live Demos of the PWRView App
Dedicated representatives will be available at 10:00 AM and 2:00 PM daily at each booth to give you a sneak peek of our new PWRView app. This is a great opportunity to see a live demo of our app and to learn more about the additional features and benefits that the PWRView app can offer to you and your customers.
Expo Education: Tapping into Software to Maximize Storage Value
> Wed, Sept 25, 10:30 – 11:00 AM at the Storage Central Theater: Booth 2901 Join the technology heads from both Neurio and Pika as they lead a discussion on mediating customer demands and realizing the value of software in the residential storage space.
We have a jam-packed week planned for SPI 2019, and we can’t wait to see you in Salt Lake City from September 23-26. Send us an email to book a meeting with one of our sales representatives during the show. We’d love to sit down and chat!
Solar energy is predicted to dominate the future. But how do we get there? And how quickly can we make it happen?
Last month, the Neurio team was down in Arizona for the Solar Summit 2019 put on by Greentech Media (GTM) and the S3 Solar Software Summit put on by GTM and Folsom Labs.
The GTM Solar Summit is a two-day conference that gathers hundreds of attendees from the solar industry to talk about the future of solar. The S3 Solar Software Summit is a newer one-day event that focuses on the growing solar software industry.
We were thrilled to join in on the discussion around the growth, challenges, and potential of the solar industry.
Here are some key themes that stood out to our team:
Adoption of the Future
As federal subsidies start to phase down, the solar industry aims to outgrow the subsidies and accelerate adoption into the mainstream.
The Solar Investment Tax Credit (ITC) is a federal tax rebate in the US that covers up to 30% of residential solar systems, making it one of the major financial incentives for US households to install solar. But the government plans to decrease the ITC over the coming years and for residential, it is projected to be phased out completely by 2022.
So an ever-present question during the summit became: How can the solar industry move past these subsidies? Right now, solar has less than 3% adoption in the US with 15% being the goal for mainstream adoption. The phase-down challenges that adoption alongside existing concerns like slow-moving utility regulations, limited financial security, and difficulties with newer solutions like community solar.
But the overall tone of the conferences was optimistic. Solar is growing at a record rate and the cost of installation is continuing to fall. The first million solar installations in the US took decades, while the second million only took three years. According to Wood Mackenzie Power & Renewables, the number of installs is projected to double in the next five years. As the industry establishes itself, external factors, like confidence from financial institutions, are also improving.
As the industry looks ahead to decreasing ITCs, the customer becomes even more important.
Solar systems introduce a new level of complexity to people’s homes, which can seem intimidating and overwhelming. Installing systems like home energy monitoring can help address that.
Home energy monitoring gives the homeowner confidence that the technology they invested in is working and making a tangible difference. Making energy consumption easier to understand is a key way to encourage people to adopt more complex systems, like solar, into their homes.
Software also has a key role in customer experience. Facilitating transparency before, during, and after the solar installation builds a crucial trust between the installer, the system, and the customer.
Importance of Software
Software in solar is still in its early stages, but its potential is powerful.
While the hardware in solar has taken centre stage, software is catching up. These programs have the potential to enable more growth, more clarity, and better control and operations of the systems. From a customer standpoint, it can unlock more savings, decrease complexity, and facilitate an easier adoption to solar.
Software is especially important in relation to energy storage. At the Solar Software Summit, one of the senior directors at Sunrun pointed out that when it comes to energy storage, metering is all important. Homeowners need accurate, real-time information to monitor and control their battery. As storage becomes a bigger part of the solar industry, building the software around it will be crucial.
As the industry matures, we are excited to see how companies like ours can make a difference in the energy industry and help homeowners make meaningful decisions about their energy.
Want to learn more about how Neurio is helping homeowners and installers understand and adopt solar energy? Reach out today, and someone on our team would be happy to chat.
The energy industry is advancing faster and faster every year, fuelled by exciting innovations in technology and an increasing consumer interest about where their energy comes from. So how can businesses and consumers be smart about navigating this evolving industry? This was one of many questions that were raised at a recent panel that Neurio took part in at the California Solar Power Expo in San Diego last month.
Cali SP Expo, one of Solar Power Events’ signature shows, draws a global audience of 60 exhibitors and 1,300 attendees. Our Director of Distribution Strategy, Kelly Berg, joined an impressive panel alongside Joseph Carangelo from Baker Electric Home Energy and Brian Patterson from the EMerge Alliance.
So what did the panel have to say about helping residential solar installers strategize for the future energy industry? Here are three main themes that were discussed.
Monitoring as a Customer Engagement Tool
“There’s going to be a paradigm shift in education on how visible electric management can be,” said Carangelo. “And one of the greatest tools to use is what [Neurio is doing] with energy consumption monitoring.”
Energy monitoring has become a key business tool for installers, helping them with customer acquisition, engagement, and follow-up. By making customers more aware of their energy use, even simple consumption monitoring can be a powerful pre-sale tool for installers to gain staying power with that house.
“Once people know and have visibility into the electricity that they’re producing, if they have solar, and using, they want more and more visibility,” commented Carangelo.
Even after the installation of consumption monitors or a solar energy system, energy monitoring equips installers with data to drive after-sales services.
“Monitoring is a really good entry point into getting involved with those insights and creating opportunities for yourself,” noted Berg. “The customer stays engaged with this tool, long after solar turns on. And that’s where you have opportunities to go back and add value with any other services you want to provide.”
New Opportunities in the Future of Energy
“This industry is changing very rapidly and continuing to change,” said Patterson. “So we’re really in a new age of electricity.”
During the panel, the future of energy and technology was envisioned to advance at a breakneck pace, likened to the explosion of the internet. Whether this is accurate or not, new innovations around electricity use and transmission have the potential to be game changers in the future energy market.
“Smart” energy, energy empowered by computational ability, has already become increasingly common. With the surge of smart technologies in our devices and our homes, there are more opportunities to integrate all of our devices, while collecting data on our homes to aid energy management.
Technologies like digital electricity and the rise of electric vehicles are predicted to become key factors that are going to change how consumers receive, manage, and interact with electricity. These new innovations have the power to transform the relationship between the grid, the consumers, and energy management companies.
“Overall, the energy market is moving from an equipment and toll-based system to an “energy-as-a-service” system,” noted Patterson. “And there’s a lot of opportunities in that.”
But in all of these conversations, the point was not to try and solve all of these problems by ourselves, but rather to be aware and make connections.
“My advice in all this is don’t be overwhelmed by all of the technologies or expertise or having to build your own algorithms to solve these problems,” said Berg. “If you’re asking the right questions and paying attention, there are lots of companies in the technology world that are trying to solve these problems for you. You just have to find one, get connected, and go from there.”
Strategizing in a Changing Market
“I think that’s the bottom-line message, you have a lot of choices coming in the future already. It may be bewildering sometimes the amount of choices you have in this industry and will continue to have,” said Patterson.
As the energy market evolves and expands, the panel touched on one key decision: choosing whether to stay in your current lane or to diversify.
“If you’re an installer, it doesn’t mean that you have to become an integrator or a service organization,” says Patterson. “But it does mean that you have to see how your piece fits into that puzzle, and keep your eye on the puzzle while, at the same time, focusing on improving your piece. Or you can really broaden your opportunities out and really grow your company organically. ”
Additionally, as spaces like energy, entertainment, and appliances start to integrate, making connections is an important way to stay relevant. Collaboration and partnership were emphasized as essential to strategizing in the future industry.
Overall, the future of energy is looking bright.
“It is a changing opportunity in a changing market,” said Patterson.”But it’s getting bigger, that’s the good news.”
Solar energy is becoming a major force in America—where a change in consumer attitudes, lower costs of photovoltaic cells, and state and federal incentives have all come together to move the needle.
The numbers tell the story: In California, the state is expecting to obtain 50% of its energy from renewable sources by 2030. And, according to the Solar Energy Industry Association, solar energy nationwide in the US is growing exponentially with over 1 million installations today.
A big factor in the rise of solar: people are finally seeing the real economic benefits of switching to solar power. The average home can save over $1,000 per year on energy costs according to One Block off the Grid.
As more people invest in solar, there is increasing demand for tools and technologies to help measure both energy and dollar savings. To this end, we’re pleased to announce that we are working ever more closely with solar energy equipment manufacturers, solution providers, and installers to bring intelligent energy monitoring to the booming solar energy market. We’re already working with dozens of solar installers and have installed Neurio in tens of thousands of homes. Our goal is to help solar energy companies increase customer satisfaction and referral business as consumers see how their investment in solar is paying off and reducing their energy usage at the same time.
Celebrating One Hundred Thousand At the same time, we are celebrating the sale of more than 100,000 Neurio energy monitoring units in just over a year.
While solar is undergoing rapid adoption, one thing is for sure: smart energy monitoring systems go hand in hand with this form of renewable.
People investing directly, or leasing solar installations really want to track how much energy their panels are making, how much money they are saving by using solar, and how much more money they can save by identifying and eliminating phantom energy users and the real energy hogs.
People adopting solar take a more proactive stand toward their energy consumption, whether due to the financial stakes or to an interest in fighting climate change – or both. In either case, they are no longer satisfied just receiving and paying a monthly bill from a big brother utility. Intelligent home energy monitors let solar panel customers understand and shape their energy footprint. Depending on the season, that’s pretty hot.