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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Starting a New Business Chapter

The largest barrier for potential firms is finding workers that are not only qualified to install roofing components, but are able to complete the labor intensive process of wiring solar panel systems. Due to the skilled labor that is necessary to successfully complete solar panel installations, certifications are often needed. Licensing as both a general contractor, due to the roofing component, and an electrician may be required in certain states.

Certification and licensing requirements vary throughout the United States. In Georgia, for example, solar installations are not regulated and no state licensing is required, but in most states, some form is licensing to operate in the industry is required... 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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