Connecticut's Best Residential Solar Installation Expert
Residential solar installations in the US have indeed seen significant growth. According to Wood Mackenzie, there was a 13% growth in the residential solar market in 2023. However, they forecast a 12% national contraction in 2024, with recovery expected in 2025 and an average annual growth rate of 10% between 2025-2028. The Solar Energy Industries Association also anticipates a decrease in the residential market in 2024, followed by steady upward growth from 2025 onwards.
The U.S. Energy Information Administration reports that the residential sector accounts for 67% of small-scale solar capacity among end-use sectors and expects small-scale solar capacity across all sectors to grow from 44 gigawatts (GW) in June 2023 to 55 GW by the end of 2024.
These trends are influenced by factors such as rising electricity costs, federal tax credits, and a desire for energy independence. Additionally, solar panels can help homeowners reduce electricity bills, protect against future price hikes, and potentially increase home value.
Importance of Solar Installation
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Now why solar installation matters? It is because of the significant environmental and cost benefits that it offers. Not only that you can help save earth but it can also give you potential savings in the future.
To know more about its benefits, check out our article about illuminating the solar energy benefits for homeowners.
What is residential solar installation?
Basically, it is a process of solar panel installation that is being done on a residential area most particularly in a house. On the contrary, there are other things that are included in the process such as getting permits, doing designs and more. You can learn more about solar installation process here.
Why homeowners wanted to try solar panel installation?
According to U.S. Energy Information Administration, utility charges in the USA are expected to increase, with average residential customers projected to pay about 16.23 cents/kWh in 2025. The resources needed to produce the electricity we use are limited. As these supplies decrease, electricity prices rise. This is why homeowners are seeking alternatives to avoid being affected by this dilemma.
One of the most popular options is solar power. Unlike traditional electricity sources, the sun’s energy is unlimited. This means the only challenge is having a system that can capture this free energy and convert it into usable power for your home. Thus, the solar panel installation process has been invented to support this need.
See what our customers have to say
Three weeks ago we chose Sunlight Solar to install a system on our new home after interviewing 2 other companies. It was one of the best decisions we've ever made! Their office staff and installers are so friendly and knowledgeable. They really do quality work! Kristine was beyond helpful and patient. I would strongly urge you to check them out before you make your final decision on such a major purchase. 🥰👏
Excellent customer service the girl Kristine kept in contact with me and updated me every step of the way from contract to install. She was very helpful in explaining the process. Fast installation, professional installers, great customer service.
We had our solar panels installed a few months ago. Everything went well and it’s working accordingly. The company was excellent and David Ybarra was very professional, super nice and very informative.
David was extremely helpful throughout this process. He answered any questions I had and ensured everything went smoothly. This company has been great so far. My Solar panels look awesome.
FAQ
How long does it take to see a return on investment from this system?
While the initial wait time to see financial benefits from solar panels depends on your chosen installer, the overall return on investment (ROI) can vary based on several factors. Factors like the system’s long-term sustainability (durability of panels and maintenance needs) will impact your ROI over time. On the other hand, there are companies like Prime Energy Solar that helps users to enjoy incentives soon as their solar system starts running.
Resources
- https://www.seia.org/research-resources/solar-market-insight-report-q4-2023
- https://www.seia.org/sites/default/files/2024-06/USSMI-Q2%202024%20ES%20-%20Embargoed%20with%20Watermark.pdf
- https://www.eia.gov/outlooks/steo/report/BTL/2023/09-smallscalesolar/article.php
- https://www.utilitydive.com/news/us-electricity-prices-rise-customer-eia-outlook/710113/