The article discusses the increasing trend of electrification, particularly in light of Earth Month, highlighting the importance of investing in energy storage systems (ESS) as a key step towards home electrification. A survey conducted by a third-party on behalf of LG Electronics USA surveyed 1,579 U.S. homeowners in January 2024 found that only 16% of American homeowners are currently familiar with the concept. The ESS can provide backup power during power outages, which can be essential in times of grid instability and severe weather events. It can also enable homeowners to manage their energy and take control of its use. ESS installations currently qualify for up to a 30% tax credit through the Inflation Reduction Act, and $8.8 billion in staterification Rebates are expected to become available this year.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
