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Solar Panel Installation in the US Procurement Price, Data and Insights
Solar panel installation services include solar tracker panels and roof-mounted solar panel installation. Typically, solar panel manufacturers or solar marketing firms contract suppliers to install panels on residential and non-residential buildings. However, some manufacturers provide this service directly.
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What’s included in this market coverage
IBISWorld's research coverage on the Solar Panel Installation 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 Solar Panel Installation market in the United States includes Solar Panel Installation and Solar Tracker Panels. Standard coding in this coverage includes ISIC-4321-Electrical installation, NACE-43.21-Electrical Installation, NAICS-238210-Electrical contractors and other wiring installation contractors and UNSPSC-72151502-Electric power system construction service.
What common market terminology is included?
Common market terminology included in the Solar Panel Installation procurement coverage includes Solar Power Purchase Agreement (SPPA) (A contract in which a customer agrees to host and purchase low-price electricity from a PV panel system from a third-party developer that owns, operates, and maintains it. In return, the developer receives tax credits and income generated from the customer.), Photovoltaic (PV) Panels (Panels that generate electrical energy from light energy (i.e., the sun).) and Net Metering (A billing mechanism that provides solar energy system owners with credit for the electricity their systems produce and add to the overall grid.).
What companies are included as top suppliers?
The top companies covered in the Solar Panel Installation procurement report as suppliers are E Light Electric Services Inc., Myr Group Inc., Helix Electric, Inc., Granite Construction Inc. and First Solar, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Solar Panel Installation 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 panel, 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 Solar Panel Installation market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Solar Panel Installation 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 Solar Panel Installation 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 Solar Panel Installation 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 Solar Panel Installation?
The 2026 benchmark market price for Solar Panel Installation is $68600 per panel. Prices have increased at a CAGR of 3.97 from 2023-26.
Who are the top vendors in the Solar Panel Installation market?
The top vendors in the Solar Panel Installation market include E Light Electric Services Inc., Myr Group Inc., Helix Electric, Inc., Granite Construction Inc. and First Solar, Inc..
What industries supply the Solar Panel Installation market?
The top industries supplying the Solar Panel Installation market are Construction & Mining Equipment Wholesaling in the US, Construction Machinery Manufacturing in the US, Property, Casualty and Direct Insurance in the US, Third-Party Administrators & Insurance Claims Adjusters in the US, Solar Panel Manufacturing in the US, Plastic & Resin Manufacturing in the US and Semiconductor & Circuit Manufacturing in the US.
What is the supply chain risk for Solar Panel Installation?
Low market share concentration fosters buyer leverage and competitive pricing. The solar panel installation market is highly fragmented, with numerous regional and local installers competing alongside national players. This low concentration gives buyers greater leverage in negotiations, as no single vendor dominates the market. Competition among suppliers often results in competitive pricing, flexible service options, and tailored solutions for residential, commercial, and government buyers. However, buyers must conduct due diligence on installer experience and warranty reliability, since market fragmentation can also mean variability in service quality.
What factors affect the price of Solar Panel Installation?
Older or complex roofs might need reinforcement or repairs, adding to installation costs. Ensuring the roof's integrity helps prevent future issues and expenses.
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