California Mandates Mark Key Victory for Photo voltaic Roofing Marketplace

California Mandates Mark Key Victory for Photo voltaic Roofing Marketplace

CLEVELAND, March 4, 2022 /PRNewswire/ — A new Freedonia Group examination initiatives that the increasing effects of solar-pleasant procedures in a expanding variety of states and localities across the US will travel swift growth in the photo voltaic roofing current market by means of 2025, primarily in California:

  • California even more innovative its direct in the countrywide solar roofing sector with the passage of two mandates in 2020 and 2021 requiring approximately all new residential and commercial structures in the state to include things like photo voltaic goods beginning in 2023.
  • Although these kinds of mandates have been handed right before in cities this sort of as San Francisco and South Miami, Florida, this marks the first this kind of mandate in the nation to be adopted at the point out amount.

In addition to significantly expanding solar roofing product sales in the condition, the California mandates are predicted to influence other states to move legislation advertising and marketing solar installations. Environment The us, the group that aided drive the California mandates, strategies to start identical campaigns in 10 further states in 2022.

US Photo voltaic Roofing Market to Mature 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:

  • rising awareness of the energy-efficiency benefits of solar roofing systems
  • the attractive appearance of solar roofing compared to traditional solar arrays (e.g., solar roofing resembles traditional roofing materials)
  • the growing availability, affordability, and accessibility of solar roofing products (e.g., Tesla expanded solar roof installations nationwide in 2021)
  • expansion of local, state, and federal incentives (e.g., tax credits, net metering benefits, rebates) to install solar roofing products

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.

About the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

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SOURCE The Freedonia Group