Market Research Logo

The US Residential Solar Power Market: Size, Trends & Forecasts (2018-2022)

The US Residential Solar Power Market: Size, Trends & Forecasts (2018-2022)

Scope of the Report

The report titled “The US Residential Solar Power Market: Size, Trends & Forecasts (2018-2022)”, provides an in-depth analysis of the US residential solar market by installed capacity generation, cumulative capacity, rooftop penetration, etc. The report also provides the analysis of The US power generation market and US solar power market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US residential solar market has also been forecasted for the period 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players in the US residential solar market are Tesla (SolarCity Corporation), Sunrun Inc., Vivint Solar, Inc. and Sunpower Corporation, whose company profiling is done in the report, including respective companies’ business overview, business strategies and financial overview.

Company Coverage

Tesla (SolarCity Corporation)
Sunrun Inc.
Vivint Solar, Inc.
Sunpower Corporation

Executive Summary

Solar energy, which is renewable, widely available and clean, provides enough energy to meet the world’s annual consumption needs every 50 minutes. There are two major technologies that have been developed to harness the solar energy. Solar power is broadly classified into two: Thermal and Photovoltaic. Thermal power is further categorized into low-temperature solar thermal power and concentrated solar power.

Different types of solar panels serve different needs and purposes. Manufacturers generally use one of three processes to produce solar panels: Monocrystalline, Polycrystalline and Thin Film.

Solar power by end user could be divided into Residential and Commercial or Residential, Non Residential and Utility. There are three main types of residential solar electric power systems: grid inter-tied; grid inter-tied with battery backup; and off-grid. These three broad types vary in how closely connected they are to the traditional power utility infrastructure, known as the grid.

The US residential solar power market has increased at a significant CAGR during the years 2010-2017 and projections are made that the market would rise in the next four years i.e. 2018-2022 tremendously.

The residential solar power market is expected to increase due to declining cost of solar equipment, favourable Federal and state policy, depleting conventional sources, etc. Yet the market faces some challenges such climatic issues associated with solar panels, lack of awareness, etc.


1. Executive Summary
2. Introduction
2.1 Solar Power Overview
2.1.1 Types of Solar Power
Table 1: Types of Solar Power
2.1.2 Types of Solar Panels
Table 2: Types of Solar Panels
2.1.3 Types of Solar Power: On the basis of End Users
Table 3: Types of Solar Power On the basis of End Users
2.2 Residential Solar Overview
2.2.1 Difference: Residential vs Commercial Solar Panels
2.2.2 Types of Residential Solar Power Systems
Table 4: Types of Residential Solar Power Systems
3. Global Market Analysis
3.1 The US Power Market: An analysis
3.1.1 The US Power Market by Installed Generation Capacity
Table 5: The US Power Market by Installed Generation Capacity; 2011-2016 (MW)
3.1.2 The US Power Market Installed Generation Capacity by Segments
Table 6: The US Power Market Installed Generation Capacity by Segments; 2016
3.2 The US Solar Power Market: An Analysis
3.2.1 The US Solar Power Market by Installed Generation Capacity
Table 7: The US Solar Power Market by Installed Generation Capacity; 1Q13-3Q17 (MW)
3.2.2 The US Solar Power Market Installed Generation Capacity by Segments
Table 8: The US Solar Power Market Installed Generation Capacity by Segments; 1Q13-3Q17
3.3 The US Residential Solar Power Market: An Analysis
3.3.1 The US Residential Solar Power Market by Installed Generation Capacity
Table 9: The US Residential Solar Power Market by Installed Generation Capacity; 1Q13-3Q17 (MW)
3.3.2 The US Residential Solar Power Market by Penetration in Total Cumulative Installed Generation Capacity
Table 10: The US Residential Solar Power Market by Penetration in Total Cumulative Installed Generation Capacity; 3Q17 & 2020
3.3.3 The US Residential Solar Power Market by Cumulative Installed Generation Capacity
Table 11: The US Residential Solar Power Market by Cumulative Installed Generation Capacity; 2010-2017 (GW)
Table 12: The US Residential Solar Power Market by Cumulative Installed Generation Capacity; 2018-2022 (GW)
3.3.4 The US Residential Solar Power Market by Penetration in Available Rooftop
Table 13: The US Residential Solar Power Market by Penetration in Available Rooftop; 2010-2017
Table 14: The US Residential Solar Power Market by Penetration in Available Rooftop; 2018-2022
3.3.5 The US Residential Solar Power Market Penetration in Available Rooftop by States
Table 15: The US Residential Solar Power Market Penetration in Available Rooftop by States; 3Q17
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Falling Costs for Solar Equipment
Table 16: Solar Residential System Costs; 2015-2017 (US$/W)
4.1.2 Federal and State Policy Support
Table 17: State-Level Incentives for Residential Solar Installations
4.1.3 Depletion of Conventional Energy Sources
4.1.4 Net Energy Metering Policy
4.1.5 Rising Energy Costs
4.2 Challenges
4.2.1 Climatic Issues Associated with Solar Panels
4.2.2 Environmental Concerns
4.2.3 Lack of Awareness among Consumers
4.3 Market Trends
4.3.1 Technological Advancements
5. Competitive Landscape
5.1 The US Residential Solar Market by Players
Table 18: The US Residential Solar Market by Players; 3Q17
6. Company Profiles
6.1 Tesla (SolarCity Corporation)
6.1.1 Business Overview
6.1.2 Financial Overview
Table 19: SolarCity Corporation Revenue; 2014-2016 (US$ Million)
Table 20: SolarCity Corporation Revenue by Segments; 2016
Table 21: SolarCity Corporation Solar Energy Systems Revenue; 2014-2016 (US$ Million)
6.1.3 Business Strategy
6.2 Sunrun Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
Table 22: Sunrun Inc. Revenue; 2014-2017 (US$ Million)
Table 23: Sunrun Inc. Revenue by Segments; 2016
6.2.3 Business Strategy
6.3 Vivint Solar, Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
Table 24: Vivint Solar, Inc. Revenue; 2013-2017 (US$ Million)
Table 25: Vivint Solar, Inc. Revenue by Segments; 2017
6.3.3 Business Strategy
6.4 SunPower Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
Table 26: SunPower Corporation; 2013-2017 (US$ Billion)
Table 27: SunPower Corporation; 2013-2017 (US$ Billion)
6.4.3 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report