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Renewable Energy Construction Services in the US Procurement Price, Data and Insights
Renewable energy construction services involve designing, installing, and maintaining various renewable energy systems such as solar panels, wind turbines, hydroelectric systems, geothermal systems, and biomass facilities. These services may include site assessment, permitting, engineering, procurement, construction, and commissioning of renewable energy projects. Renewable energy construction services aim to help individuals, businesses, and governments transition to clean and sustainable energy sources to reduce greenhouse gas emissions and combat climate change. Key buyers include government and utilities companies, commercial and industrial businesses, developers and project owners, institutional investors, and residential customers.
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What’s included in this market coverage
IBISWorld's research coverage on the Renewable Energy Construction Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Renewable Energy Construction Services market in the United States includes Solar Photovoltaic Systems, Wind Turbine Installations, Geothermal Heat Pumps, Hydroelectric Power Plants and Biomass Energy Systems. Standard coding in this coverage includes ISIC-422-Construction of utility projects, NACE-42.22-Construction Of Utility Projects For Electricity And Telecommunications, NAICS-237130-Power and Communication Line and Related Structures Construction and UNSPSC-72150000-Specialized trade construction and maintenance services.
What common market terminology is included?
Common market terminology included in the Renewable Energy Construction Services procurement coverage includes Engineering, Procurement, and Construction (EPC) (EPC is a common term used in the renewable energy construction services market to describe the full-service approach where a single contractor or company is responsible for the engineering, procurement, and construction of a renewable energy project. EPC contracts are commonly used in the development of solar, wind, and other renewable energy facilities to ensure seamless project execution and accountability.), Balance of System (BOS) (Balance of System refers to all the components of a renewable energy system, excluding the primary power-generating equipment (such as solar panels or wind turbines). BOS components include inverters, mounting structures, cabling, switchgear, monitoring systems, and other auxiliary equipment necessary to operate the renewable energy system.) and Net Metering (Net metering is a billing arrangement that allows renewable energy system owners to receive credits for the excess electricity they generate and export to the grid. Under a net metering policy, renewable energy system owners can offset their electricity bills by exporting surplus energy to the grid and may receive compensation or credits for the electricity they contribute.).
What companies are included as top suppliers?
The top companies covered in the Renewable Energy Construction Services procurement report as suppliers are Enel SpA, Kiewit Corporation, Blattner Energy, Inc., Jacobs Engineering Group Inc. and Siemens Gamesa Renewable Energy.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Renewable Energy Construction Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per kilowatt, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Renewable Energy Construction Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Renewable Energy Construction Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Renewable Energy Construction Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Renewable Energy Construction Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Renewable Energy Construction Services?
The 2026 benchmark market price for Renewable Energy Construction Services is $2690 per kilowatt. Prices have increased at a CAGR of 1.66 from 2023-26.
Who are the top vendors in the Renewable Energy Construction Services market?
The top vendors in the Renewable Energy Construction Services market include Enel SpA, Kiewit Corporation, Blattner Energy, Inc., Jacobs Engineering Group Inc. and Siemens Gamesa Renewable Energy.
What industries supply the Renewable Energy Construction Services market?
The top industries supplying the Renewable Energy Construction Services market are Concrete Contractors in the US, Gasoline & Petroleum Bulk Stations in the US, Construction & Mining Equipment Wholesaling in the US, Electrical Equipment Manufacturing in the US, Transmission Line Construction in the US and Heavy Equipment Rental in the US.
What is the supply chain risk for Renewable Energy Construction Services?
Persistent cost inflation and market volatility require proactive budget management and early supplier engagement. Continued price increases, driven primarily by rising labor costs and volatile input materials, are challenging buyers to adjust budgets frequently and seek cost control solutions. Buyers should prioritize early engagement with suppliers to secure favorable contract terms, leverage bulk purchasing where possible, and build escalation clauses into contracts to shield against sudden price hikes. Ongoing monitoring of cost drivers and scenario-based budgeting will be essential to mitigate against budget overruns.
What factors affect the price of Renewable Energy Construction Services?
Technology type significantly affects the pricing of renewable energy construction services due to variations in equipment costs, installation complexities, and maintenance requirements. For example, solar panel installation generally has lower upfront costs compared to wind turbine projects, which necessitate more sophisticated engineering and larger-scale infrastructure, leading to higher prices in the latter case.
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