Solar Farm Developers in the US - Industry Research Report

Sunny days: Rapid technological advancements in solar panel construction will help soften panel prices

Solar farm developers install and construct solar power grid systems, known as solar farms, on a utility-scale. Establishments that focus on residential and commercial solar power systems are excluded from this industry. The Solar Investment Tax credit (ITC), which grants purchases a 30% tax credit on the cost of each solar panel, has been extended several times, boosting investment in solar technology. The recently passed Inflation Reduction Act has extended the deadline until 2032, giving operators additional incentives to construct new farms. The urging environmental crisis has put solar power at the forefront of renewable energy.

This industry comprises establishments that primarily install and construct solar power grid systems, known as solar farms, on a utility scale. The work performed within the industry may include new work, reconstruction, rehabilitation and repairs. Excluded from this industry are establishments that focus on residential and commercial solar power systems.

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.