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Solar Power in the US - Industry Market Research Report

  • November 2016
  • 35 pages
  • Ibisworld
Report ID: 499234

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Walking on sunshine: Government support for renewable energy will raise industry revenue



Abstract

Solar Power in the US

The Solar Power industry has experienced clear skies over the five years to 2016, propelled by favorable government incentives in the form of renewable portfolio standard (RPS) targets and tax credits. Increased public support for green energy has led to tax incentives and grants to encourage investments in solar power. Additionally, equipment costs have continued to fall over the period. Government support will continue to help the industry compete with other energy sources, at least for most of the next five years. State mandates for renewable energy power and lower input costs will continue to translate into sustained revenue growth. These trends suggest that the industry will become more viable in the next five years, lowering its dependence on government assistance.

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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