Residential Solar Could Surpass 41 Gigawatts By 2025

According to new analysis, the United States could witness a residential solar growth of three times its current size by 2025. This would amount to an impressive 41 gigawatts of installed solar capacity.

This new report comes by way of PV Magazine USA (via a Credit Suisse analysis).

One of the most notable items from Credit Suisse’s report is that fact that only 3 percent of the residential rooftops in America have solar panel systems. This represents an enormous untapped opportunity. The report forecasts that rooftop solar will grow to “5% by 2020 and 11% by 2025.” This is what will bring the residential sector to a total of 41 GW.

In order to get an idea of how much potential residential rooftops contain, one just needs to consider how much space is involved. According to the United States Department of Energy’s National Renewable Energy Laboratories (NREL), structures with less than 5,000 square feet or less of rooftop space can technically accommodate 731 GW of solar capacity. This represents about 25 percent of the country’s electricity needs. Fittingly, this is the same amount of electricity consumed by the residential sector as well.

residential solar to 2025

The potential for rooftop solar is obviously much larger than just the residential sector. Of course, greater than 25 percent of the nation’s electricity needs could be met if larger buildings, carports, and other ideas are used for solar installations as well.

However, the report did not address a couple of key ideas that have been recent roadblocks to a quick adoption of solar power. These two things include major solar installers changing their sales approach and the fact that some utilities have been fighting residential solar by disapproving net metering policies.

The report is most likely based on the idea of solar power in the U.S. approaching a tipping point. The associated costs are at a point where many homeowners can realize payback periods of as little as 5 years. Also, as more homeowners go solar, their neighbors are extremely likely to as well. There are those that have not gone solar because they fear the power that their utilities have. They will go solar once affordable energy storage solutions become available. At that point, homeowners will be in control and will no longer being at the whim of net metering policies.

It’s quite possible that the numbers will end up being very close to the ones forecasted by Credit Suisse. Word is quickly spreading about how very affordable solar power now is. It won’t be long before it will seem out of place for a home to not have solar. Now that’s a future that we can all look forward to.

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4 Responses to Residential Solar Could Surpass 41 Gigawatts By 2025

  1. Chlorine says:

    In conclusion, the residential solar industry is poised for significant growth in the coming years, with projections indicating that it could surpass 41 gigawatts by 2025. This growth is driven by increasing awareness of the benefits of solar energy, declining costs of solar installations, and supportive government policies. As more homeowners recognize the potential cost savings and environmental advantages of residential solar, the demand for solar panels is expected to soar. This trend not only contributes to a cleaner and more sustainable future but also presents lucrative opportunities for businesses operating in the solar sector.

  2. chameleon says:

    In conclusion, the residential solar industry is poised for substantial growth in the coming years, with projections indicating that it could surpass 41 gigawatts by 2025. This significant increase in adoption of residential solar systems is driven by various factors such as decreasing costs, increasing environmental awareness, and government incentives. With the potential to provide clean and renewable energy to a large number of households, residential solar power holds immense promise for the future. As more individuals and communities recognize the benefits of solar energy, it is likely that this trend will continue to accelerate, leading to a more sustainable and greener future.

  3. Killah Goose says:

    In conclusion, the residential solar industry is expected to experience significant growth in the coming years, with a projected capacity of over 41 gigawatts by 2025. This growth can be attributed to various factors such as increasing awareness about renewable energy, declining costs of solar installations, and government incentives. The rise in residential solar adoption not only benefits homeowners by reducing their electricity bills but also contributes to a cleaner and more sustainable energy future. With ongoing advancements in technology and favorable market conditions, it is likely that the residential solar sector will continue to surpass expectations and play a crucial role in the global transition towards renewable energy sources.

  4. Liquid Science says:

    In conclusion, the residential solar industry is poised for significant growth in the coming years, with projections indicating that it could surpass 41 gigawatts by 2025. This upward trend is driven by various factors such as increasing awareness of renewable energy, declining costs of solar installations, and government incentives. The potential for residential solar to contribute significantly to the overall energy mix is promising, as it not only reduces carbon emissions but also offers homeowners the opportunity to generate their own clean and sustainable electricity. As technology continues to improve and more individuals adopt solar power, the residential solar market is expected to continue its upward trajectory, contributing to a greener and more sustainable future.

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