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Solar Panel Installation in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Solar Panel Installation Market Research Report | Technology | Renewable Energy | Feb 2015

Sunny days: The residential market is anticipated to create strong demand for solar installations

IBISWorld’s Solar Panel Installation market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 10-15
22.0%
Annual Growth 15-20
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Profit
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Employment
77,312
Businesses
13,494
Industry Analysis & Industry Trends

The Solar Panel Installation industry has sprinted ahead in recent years, driven by rapid technological developments, falling solar panel costs and favorable government policy. In the coming years, demand for solar panel installation is forecast to continue surging. Continuing government aid in the form of tax credits and rebates, along with technological advances in solar energy, as well as the rising popularity of solar power purchase agreements (SPPAs), are expected to help revenue grow sharply over the next five years.... purchase to read more

Industry Report - Industry Investment Chapter

The Solar Panel Installation industry is service oriented and relies on the skills and knowledge of individual solar panel contractors rather than the capabilities of heavy equipment or technology. As such, wages comprise a large cost segment for the industry at 30.2% of revenue, and depreciation accounts for a very small portion of revenue (2.4%). This difference between wages and depreciation indicates the industry's heavy reliance on skilled labor. As of yet, there are few methods for automating the installation of solar panels on a roof or elsewhere. While some solar systems offer increased ease of installation through components that come pre-wired and have interlocking panels that reduce the need for tools, human labor remains the most efficient means of solar panel installation... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Solar Panel Installation Industry?

Operators in this industry install solar panels as part of general residential and commercial contracting services. These companies are contracted either by a homeowner, a solar panel manufacturer or by solar marketing firms that arrange a buyer for solar panels and contract an industry enterprise to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (see Solar Farm Developers), as are solar thermal systems that lack photovoltaic panels.

Industry Products
Roof mounted panel installationSolar tracking panel installationGround mounted panel installationFixed rack panel installationMonitoring services
 
Industry Activities
Solar tracker panel installationFixed rack solar panel installationGround-mounted solar panel installationRoof-mounted solar panel installationMonitoring services


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