Industry Analysis & Industry Trends
The Solar Panel Installation industry is composed of small contractor firms that provide solar installation services and other general residential and commercial contracting services. These firms are contracted by solar marketing firms that arrange a buyer for solar panels and contract an industry firm to carry out the work.... 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 2019, industry value added, which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 8.8%, while US GDP is anticipated to grow at an average annual rate of 2.7% 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