DUBLIN--(BUSINESS WIRE)--The "The US Residential Solar Power Market: Size, Trends & Forecasts (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The report 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.
- Falling Costs for Solar Equipment
- Federal and State Policy Support
- Depletion of Conventional Energy Sources
- Net Energy Metering Policy
- Rising Energy Costs
- Climatic Issues Associated with Solar Panels
- Environmental Concerns
- Lack of Awareness among Consumers
- Technological Advancements
Solar energy, which is renewable, widely available and clean, provides enough energy to meet the worlds 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.
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, favorable 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.
- Tesla (SolarCity Corporation)
- Sunrun Inc.
- Vivint Solar, Inc.
- Sunpower Corporation
For more information about this report visit https://www.researchandmarkets.com/research/2zz6fc/the_us?w=4