The residential solar market: Down, not out | McKinsey
The residential solar market is down, not out. Our analysis indicates that the market is likely to revert to more stable long-term growth over the next
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The residential solar market is down, not out. Our analysis indicates that the market is likely to revert to more stable long-term growth over the next
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As the residential solar industry looks ahead to 2026, experts predict a bumpy ride with some fundamental changes to business operations, financing,
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Although interest-rate spikes and policy uncertainty around tax credits create near-term headwinds, the fundamental economics of residential
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The U.S. residential solar PV market size was estimated at USD 7.45 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 14.4%
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Consumer adoption of residential solar power continues to rise, particularly in North America, which remains the largest market. Technological advancements are enhancing the efficiency and
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Longer term, the residential solar market will grow at an average annual rate of 7% between 2027 and 2030. Rising retail rates and declining solar costs will drive a recovery in
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After years of rapid growth, the residential solar market is recalibrating due to economic shifts and policy changes. Understand the current landscape, from national installation trends to state-by-state
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Discover all statistics and data on U.S. residential solar photovoltaics now on statista !
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