Sep 11, 2018   SOURCE: BusinessWire

U.S. Solar Roofing Market Study - Outlook to 2037: Favorable Tax and Other Incentive Programs to Support Installations - ResearchAndMarkets.com

The "Solar Roofing in the US by Application and Region" report has been added to ResearchAndMarkets.com's offering.

Newly Adopted Building Codes in California to Spur Advances

Gains will be driven by the efforts of construction professionals to comply with California’s CALGreen Building Code, which now calls for most newly built and substantially renovated structures in the state to meet zero net-energy guidelines. One solution is installation of solar roofing that generates electricity for internal use or for sale to a local utility.

Key Finding: Favorable Tax and Other Incentive Programs to Support Installations

Demand for solar roofing will be supported by government efforts. The federal government’s 30% Investment Tax Credit and various rebates offered by state and local governments can significantly reduce the cost of buying and installing solar roofing, making it an economically viable choice for many consumers. Furthermore, incentive programs -such as net metering or net billing- that allow consumers to sell the electricity generated by their solar roofing back to a utility will also promote installations. In parts of the US that receive a lot of sunlight, consumers can often generate as much electricity as they use, greatly lowering their electric bills.

Other Key Findings
  • Solar Roofing Seen as Attractive Alternative to Roof-Mount Solar Panels
  • Falling Photovoltaic Module Prices to Make Solar Roofing a More Economic Choice for Consumers

Study Coverage

This study presents historical demand data (2017) and forecasts for 2022, 2027 and 2037 by application (new build and reroofing) and US census region (Northeast, Midwest, South, West). The study also presents alternative growth scenarios for solar roofing demand - in both a highly favorable regulatory and technological environment and in conditions that are less favorable to solar roofing demand.

In addition, the study identifies current industry participants and looks at potential future participants. Price forecasts for solar roofing products and related installation and labor costs are presented. Also, the study looks at growth forecasts for electricity generated by rooftop-mount solar products and ground-mount solar arrays.

For more information about this report visit https://www.researchandmarkets.com/research/2lfxl9/u_s_solar?w=4