CLEVELAND, Ohio
,
March 8, 2022
(press release)
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A new Freedonia Group analysis projects that the expanding impact of solar-friendly policies in a growing number of states and localities across the US will drive rapid growth in the solar roofing market through 2025, especially in California: In addition to significantly increasing solar roofing sales in the state, the California mandates are expected to influence other states to pass legislation promoting solar installations. Environment America, the organization that helped drive the California mandates, plans to launch similar campaigns in 10 additional states in 2022. US Solar Roofing Market to Grow from <$50 Million in 2020 to Nearly $1 Billion in 2025 The market for solar roofing products in the US is forecast to increase rapidly to 716,000 squares, valued at $965 million in 2025. In addition to the expanding impact of solar-friendly policies nationwide, factors supporting long-term growth for solar roofing products include: Want to Learn More? Solar Roofing, now available from The Freedonia Group, presents historical data for 2020 and forecasts for 2025 and 2030 for US solar roofing demand in value, area, and roof-mount electricity generation (which includes both solar panels and solar roofing), and for regional demand in squares. Solar roofing is defined as those products that serve as a structure’s primary roofing material while also producing solar-generated electricity. Demand for solar roofing is presented at the end user level in value terms (US dollars) and in area terms (squares) by applications (new and reroofing), market (residential and commercial). Additionally, solar roofing demand is broken out for the following US geographic regions and subregions.
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