Solar Power in the US
The Solar Power industry has experienced clear skies over the five years to 2018, propelled by favorable government incentives in the form of renewable portfolio standard targets and tax credits. Federal and state government assistance for renewable energy has led to exceptionally strong growth in solar power. The increase in projects over the past five years exemplifies a triumph for industrial policy in solar power, which historically struggled to compete with established energy sources, such as coal and natural gas. Over the five years to 2023, industry revenue is expected to increase. Government support will continue to help the industry compete with other energy sources, at least for half of the next five years. State mandates for renewable energy power and lower input costs will continue to translate into sustained revenue growth.
Operators in this industry own and operate solar-power-generating facilities in the form of either photovoltaic panels or solar thermal power stations that make use of mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.
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.
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