Happy Tuesday readers! This week, we’re going to take a look at the massive growth in the residential solar power market in the US. More and more residents in the United States see the value in residential solar power. As Commercial Solar Guy has observed in the past, this makes a lot of sense given our country’s individualistic culture and political ideology. Add to the mix electricity shutoffs due to wildfires, general mistrust in utility companies, and growing concern for future climate threats, and you have a strong case for installing solar panels on your home.
What this means for residential solar
While Roth Capital Partners is forecasting 25% growth in the residential solar power market, some analysts are suggesting growth will be closer to the 30-50% range. This means that companies may have a hard time keeping up with customer demand. Additionally, the US Department of Labor published that solar power installers will be the fastest growing occupation from 2018-2028. Both Solar Edge and Enphase, who enjoy a large share of the residential solar market, are experiencing a backlog well into the end of this year.
Read the full article on residential solar here >