“Residential demand in the United States continues to increase, as solar PV systems become more attractive across more states. Demand growth is being driven by falling installed system prices; as well as downstream business models, which are bringing more financing and ownership options to the end-market,” according to Solarbuzz, which is now backed by IHS analysts at Marketbuzz.
Solarbuzz lists the following points:
- Between the first quarter (Q1) of 2012 and the fourth quarter (Q4) of 2014, TTM residential PV demand more than doubled
- Solar leasing, solar PPAs, and other business models, along with increasing financing options, are making solar more accessible to previously underserved customer segments
- The residential segment is experiencing fewer negative effects from the 2014 preliminary trade decisions
- Recent investments in U.S.-based manufacturing have largely been caused by companies anticipating strong growth in the U.S. market, particularly in the higher-ASP residential sector
While demand has increased Federal and State rebate programs have made solar roofing much more affordable, according to the Clean Energy Authority, Colorado has one of the nation’s strongest renewable portfolio standards (RPSs), which requires investor-owned utilities to source 30 percent of their energy from renewable energy by 2020.
In the city of Boulder alone, there is a grant, rebate, and loan program for solar. That’s in addition to the already existing tax exemptions and utility rebates.
Demand has also been propelled by Colorado’s, Energy Efficiency Resource Standard, which states as a target, “electricity savings goals of 5% of the utility’s 2006 peak demand and electricity sales by 2018 for Colorado’s investor-owned electric utilities, Public Service Company of Colorado (d/b/a Xcel Energy) and Colorado Electric Utility Company (d/b/a Black Hills Energy). COPUC set an efficiency target to account for half of the expected increase in demand every year, which meets the goals established by the Colorado legislature. While the statutory goals end in 2018, COPUC extended electricity sales reduction goals through 2020.”
And where there is demand, there are solar roofers. The Clean Energy Authority lists 131 in Colorado.
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