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.
1. Executive Summary
2.1 Solar Power Overview
2.1.1 Types of Solar Power
2.1.2 Types of Solar Panels
2.1.3 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
3. Global Market Analysis
3.1 The US Power Market: An analysis
3.1.1 The US Power Market by Installed Generation Capacity
3.1.2 The US Power Market Installed Generation Capacity by Segments
3.2 The US Solar Power Market: An Analysis
3.2.1 The US Solar Power Market by Installed Generation Capacity
3.2.2 The US Solar Power Market Installed Generation Capacity by Segments
3.3 The US Residential Solar Power Market: An Analysis
3.3.1 The US Residential Solar Power Market by Installed Generation Capacity
3.3.2 The US Residential Solar Power Market by Penetration in Total Cumulative Installed Generation Capacity
3.3.3 The US Residential Solar Power Market by Cumulative Installed Generation Capacity
3.3.4 The US Residential Solar Power Market by Penetration in Available Rooftop
3.3.5 The US Residential Solar Power Market Penetration in Available Rooftop by States
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Falling Costs for Solar Equipment
4.1.2 Federal and State Policy Support
4.1.3 Depletion of Conventional Energy Sources
4.1.4 Net Energy Metering Policy
4.1.5 Rising Energy Costs
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
6. Company Profiles
6.1 Tesla (SolarCity Corporation)
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.2 Sunrun Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.3 Vivint Solar, Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.4 SunPower Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
List of Figures:
Figure 1: Types of Solar Power
Figure 2: Types of Solar Panels
Figure 3: Types of Solar Power On the basis of End Users
Figure 4: Types of Residential Solar Power Systems
Figure 5: The US Power Market by Installed Generation Capacity; 2011-2016 (MW)
Figure 6: The US Power Market Installed Generation Capacity by Segments; 2016
Figure 7: The US Solar Power Market by Installed Generation Capacity; 1Q13-3Q17 (MW)
Figure 8: The US Solar Power Market Installed Generation Capacity by Segments; 1Q13-3Q17
Figure 9: The US Residential Solar Power Market by Installed Generation Capacity; 1Q13-3Q17 (MW)
Figure 10: The US Residential Solar Power Market by Penetration in Total Cumulative Installed Generation Capacity; 3Q17 & 2020
Figure 11: The US Residential Solar Power Market by Cumulative Installed Generation Capacity; 2010-2017 (GW)
Figure 12: The US Residential Solar Power Market by Cumulative Installed Generation Capacity; 2018-2022 (GW)
Figure 13: The US Residential Solar Power Market by Penetration in Available Rooftop; 2010-2017
Figure 14: The US Residential Solar Power Market by Penetration in Available Rooftop; 2018-2022
Figure 15: The US Residential Solar Power Market Penetration in Available Rooftop by States; 3Q17
Figure 16: Solar Residential System Costs; 2015-2017 (US$/W)
Figure 17: The US Residential Solar Market by Players; 3Q17
Figure 18: SolarCity Corporation Revenue; 2014-2016 (US$ Million)
Figure 19: SolarCity Corporation Revenue by Segments; 2016
Figure 20: SolarCity Corporation Solar Energy Systems Revenue; 2014-2016 (US$ Million)
Figure 21: Sunrun Inc. Revenue; 2014-2017 (US$ Million)
Figure 22: Sunrun Inc. Revenue by Segments; 2016
Figure 23: Vivint Solar, Inc. Revenue; 2013-2017 (US$ Million)
Figure 24: Vivint Solar, Inc. Revenue by Segments; 2017
Figure 25: SunPower Corporation; 2013-2017 (US$ Billion)
Figure 26: SunPower Corporation; 2013-2017 (US$ Billion)
List of Figures:
Table 1: State-Level Incentives for Residential Solar Installations
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.
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.
- Tesla (SolarCity Corporation)
- Sunrun Inc.
- Vivint Solar, Inc.
- Sunpower Corporation
The author's core strengths include a seasoned management team, a highly demonstrable track record of seamless process integration and consistent delivery position. The research team uses its extensive knowledge of the various industries to analyze the market trends from both a vendor and an end-user perspective.
The research strategy is focused on high-quality secondary data combined with elaborate use of primary data. The team of research analysts provides a 360-degree overview of available data.
The analysts begin by searching industry reports, surveys, trade publications, company reports and press releases. They also include information gained by extensive interviews with major players and industry participants.
The background information, related to industry statistics, is provided by the author's proprietary databases.
The information is then analyzed and synthesized into a report - with market forecast, industry trends, and competitive strategies. The team of research analysts use both qualitative tools and quantitative techniques to get an insight into the industry.
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