As of 2023, the Total Support on End-Use Electricity for Residential in the US was recorded at $906 million. The forecasted data from 2024 to 2028 suggests a steady annual growth in spending, reaching approximately $946.78 million by 2028. Year-on-year percentage variations indicate moderate growth, averaging a consistent rise per year. The projected five-year CAGR provides a clear indication of gradual expansion within this sector.
Future trends to watch for include:
- Advancements in energy-efficient technologies and smart home solutions.
- Potential policy changes impacting energy pricing and consumption.
- Integration of renewable energy sources in residential electricity frameworks.
- Shifts in consumer behavior towards more sustainable energy practices.
