Market growth for rooftop solar panels has slowed to 5% this year after growing 8% in 2018, according to the energy research firm Wood Mackenzie. Residential solar companies installed 603 megawatts of power during the first quarter of 2019, 8% less than the previous quarter, according to Wood Mackenzie.
Solar installers may have hit a saturation point in states in which rooftop solar is already popular such as California and in the Northeast. The solar industry is looking to other states where installation has lagged. New policies in Maryland, South Carolina, and Illinois may prime the market for an uptick in installations in those states.
Advertisement
Related Stories
Solar
Solar Achieves Renewable Energy Milestone
In 2023 solar energy provided more than 50% of new electricity capacity added to the US grid
Net Zero
40 Finalists Selected to Advance in DOE's 2024 Solar Decathlon
The US Department of Energy's annual design challenge recognizes collegiate cutting-edge, zero energy building designs
Products
10 Energy-Efficient Products for a More Sustainable Home
These energy-saving products can significantly lower utility costs while reducing a home's overall carbon footprint
