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 growing. 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 SWOT Analysis Chapter
The Solar Panel Installation industry is growing at a rate that consistently surpasses that of the overall economy. Over the 10 years to 2020, industry value added, which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 14.3%, while US GDP is anticipated to grow at an average annual rate of 2.5% during the same period.
The industry's growth has largely been driven by technological progress, favorable government policies, changing perceptions that encourage energy efficiency, as well as lowered prices for solar panels. These factors have encouraged households as well as businesses to purchase and install more solar panels... purchase to read more