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At A CAGR Of 33.12% , Residential Solar market in the US will rise in the period of 2016-2020

08-24-2016 09:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Moz

About the Residential Solar market in the US

A residential solar PV system is a small-scale power generation plant that uses PV technology to convert sunlight into electricity.

To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=741759

Harnessing solar energy is considered as one of the most efficient ways to promote renewable energy and improve grid stability. The growing need for electricity and demand-side management (DSM) programs is driving solar PV installations worldwide. Renewable energy accounts for the majority of new capacity installations across countries. In 2015, solar PV installations accounted for 57 GW capacity worldwide, growing by 30% on a YoY basis.

Technavios analysts forecast the residential solar market in the US to grow at a CAGR of 33.12% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the residential solar market in the US for 2016-2020. To calculate the market size, we have collected the annual installed capacity of residential solar PV systems through secondary research. Government policies and targets of various US states have been considered while estimating the market size. In order to calculate the market revenue, the average price of PV balance of system (BOS) based on customer feedback has been taken into consideration.

The market is analyzed based on states:
California
Arizona
North Carolina
New Jersey
Nevada
Massachusetts
New York
Hawaii
Colorado
Texas

Technavio's report, Residential Solar market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.

Key vendors
NRG Energy
SolarCity
Sungevity
Sunrun
Verengo
Vivint Solar

Other prominent vendors
First Solar
Borg Energy
Jinko Solar
ReneSola

Market driver
Federal and state-level policies and incentives
For a full, detailed list, view our report

Market challenge
Low conversion efficiency of solar PV systems
For a full, detailed list, view our report

Market trend
Advances in battery storage technology
For a full, detailed list, view our report

Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=741759

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
Mr. Nachiket Ghumare,
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Email: sales@researchmoz.us

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