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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The Solar Panel Installation industry has experienced a decade of consistent growth as more and more Americans purchase solar panels for residential and nonresidential buildings. Although the nonresidential segment dwarfs residential projects, favorable tax incentive programs, as well as a revitalized housing sector, have kept demand from the residential segment high as well. IBISWorld expects industry revenue to increase at an average annual rate of 22.0% during the five years to 2015, as strong corporate profit, a sharp decrease in the price of solar panels, as well as government assistance, encouraged businesses and individuals to invest in solar systems... 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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