IKEA USA recently announced a partnership with SunPower Corp. to provide customers with residential solar solutions. Together with IKEA, the program is called home solar and is expected to be launched in some California markets in the fall of 2022.

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Javier qui ñ ones, CEO and chief sustainable development officer, said "Working with IKEA to launch home solar panels will enable more people to better control their energy needs. Our goal is to provide clean energy services in more IKEA locations in the future. Through this program, members of IKEA family customer loyalty program have the opportunity to buy home solar solutions through IKEA's retail stores. This will make it easier for homeowners to obtain solar solutions, because IKEA is to meet their families Popular stores in demand.

According to grand view research, the estimated size of the U.S. residential solar photovoltaic market in 2020 is $9.1 billion. The compound annual growth rate (CAGR) is expected to reach 5.6% from 2021 to 2028. The California residential solar photovoltaic market grew at a CAGR of 6.1%.

Business insiders suggested that domestic solar energy with IKEA in the United States will become a direct competitor to Tesla energy and its residential solar solutions. According to PV magazine, Tesla is increasingly dependent on subcontractors for solar devices. It began to transform from a top solar solution installer to a full range of technology suppliers.

In IKEA's case, SunPower will install its solar panels. SunPower has been headquartered in Silicon Valley since 1985. It offers a diverse portfolio of residential and solar storage solutions.