US SOLAR MARKET
Current Situation of Solar Market in the US
The U.S solar market is growing. According to SEIA( Solar Energy Industries Association), the U.S. total installed capacity reached 55.9 gigawatts (GW) in Q1 2018. It is enough to power 10.7 million American homes. This represents a 13% increase year-over-year and total installed U.S. PV capacity is expected to more than double over the next five years.
For example, the California Energy Commission (CEC) adopted standards requiring solar system for new homes, first in nation. It requires that as of 2020, all new house and multi-family residences of three stories or fewer, along with all major renovations, must be built with solar panels. California construction starts is rising trends and added 111,800 housing in 2017. However, now about 15% of them are built with solar panel. It is clear that more and more people will consider about going residential solar in the future.
The cost to install solar has dropped by more than 70% since 2010 because of expanding industry. Nowadays, nearly 250,000 Americans work in solar industry at more than 9,000 companies in every U.S. state. The worker’s number is more than double the number in 2012. Therefore, it is more difficult to find the most economical way to go solar than before, but we can help it by using AI.
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INSOLAR is a technology company that connects solar customers with the best solar panel installers at the lowest prices in the market. INSOLAR customers can save up to 50% more by using the INSOLAR platform to go solar. Get your own solar proposal in seconds here.