Solar Panel Installation in the US - Industry Market Research Report

Solar Panel Installation

The Solar Panel Installation industry consists of operators that primarily install solar panels as part of general residential and commercial contracting services. A strong expansion in corporate profit, broad economic improvements in the US economy and favorable investment tax credits have kept demand from the nonresidential segment high over the five years to 2019. With a lower price for solar panels, better quality and continued tax incentives, the overall cost of investment into solar power dropped markedly for potential consumers in the residential market. Amid reductions to favorable tax breaks for solar projects and increased tariffs on imported goods, industry revenue is expected to grow at a more subdued rate over the five years to 2024. However, given the rapid growth of this industry, revenue growth may outperform or underperform projections depending on several compounding variables, such as the price of traditional energy sources and possible changes to energy policies.

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.


TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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