Solar Panel Installation in the US - Industry Market Research Report

Solar Panel Installation in the US - Industry Market Research Report

Solar Panel Installation in the US

Solar panel installation services install solar panels as part of general residential and commercial contracting services. The surging popularity of solar power amid environmental concerns has led to an uptick in installations. Revenue grew at a CAGR of 2.9% to $14.9 billion over the past five years, including a 0.9% increase in 2023 alone.

Industry operators install solar panels as part of general residential and commercial contracting services. These companies are contracted by a homeowner, a solar panel manufacturer or by solar marketing firms that arrange a buyer for solar panels and contract an operator to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (IBISWorld report OD4493), as are solar thermal systems that lack photovoltaic panels.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.