Global Rooftop Solar PV Market to Be Driven by Declining Cost of Batteries and Rising Adoption of Distributed PV Technology
The global rooftop solar PV market has been exhibiting a positive growth recently. The high efficacy of rooftop solar PV systems, coupled with the subsiding energy payback time, which is supported by various subsidies and tax rebate by several governments across the globe, are the key factors fuelling demand from the market. According to a market study, published by Transparency Market Research (TMR) in 2014, the global market for rooftop solar PVs stood at US$1.7 bn.
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