Panasonic Steps Away From Solar & Storage, Ends EverVolt Line

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Panasonic is officially stepping out of the residential solar and battery storage market, bringing an end to its EverVolt product line. The decision, announced in April, reflects the company’s broader strategy to refocus on core areas where it sees greater long-term potential.

Panasonic was once a significant player in the solar space, but its market presence has faded in recent years. According to EnergySage, the company’s share of solar panel installations dropped sharply, from 35% in 2020 to just 6% by 2024. Its battery storage numbers followed a similar trend, falling from 7% to 1%.

The company already stopped manufacturing its own solar panels in 2022, shifting to third-party production. Now, with mounting competition and shifting priorities, Panasonic has opted to wind down its entire residential energy offering.

For current customers, there’s some reassurance: Panasonic says it will continue to honor product warranties and provide customer support for both installed and pending systems. Support remains available via its website and dedicated email channels.

“We have made the decision to discontinue our solar and battery storage business line. This change allows us to focus on areas where we can have the greatest strategic impact. We remain confident in the technology and grateful to our partners and customers who have supported this journey.

“We are committed to a smooth transition and will continue to provide customer support to existing customers, as well as future customers who are undergoing installations and commissioning. Please rest assured that all warranties will be honored for both installed products and those not yet installed. Where third-party warranties apply, we will continue to support our customers by providing clear direction and points of contact. Support remains available via our website and our dedicated solar and battery storage email at panasonicsolar@us.panasonic.com.” — Panasonic

While the news doesn’t come as a complete surprise to those watching the industry, it does mark the exit of one of the few legacy electronics giants still involved in residential solar. Panasonic’s departure underscores how tough and fast-moving the home energy market has become, even for the biggest names.