U.S. Residential Solar PV Market Projected To Reach USD 44.77 Billion By 2030
San Francisco, 2 June 2023: The Report U.S. Residential Solar PV Market Size, Share & Trends Analysis Report By Construction (Retrofit, New Construction), By State (California, Texas, New York, Arizona, New Jersey, Massachusetts), And Segment Forecasts, 2023 - 2030 The U.S. residential solar PV market size is expected to reach USD 44.77 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.3% from 2023 to 2030. Increasing demand for clean and renewable energy production coupled with stringent regulations regarding carbon emissions is expected to boost growth during the forecast period. Governments across the world have started to adopt solar energy for power production due to it being clean and renewable. Many countries have set targets to reduce their carbon emissions and reduce reliance on conventional energy sources by promoting the use of solar energy for power production. The economies of scale achieved d