Residential Solar Industry Statistics

  • According to the Solar Energy Industries Association (SEIA), solar installations in the United States grew by 30% in 2021, with a total of 28.7 gigawatts (GW) of solar capacity installed.

  • According to the Solar Energy Industries Association (SEIA), the number of solar installations in the residential sector has been steadily increasing in recent years. In 2022, approximately 700,000 homes installed residential solar systems, representing a significant growth in solar homeownership. 

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  • Homeowners can save on their electricity bills by generating their own clean energy. The U.S. Department of Energy states that solar systems can lead to substantial savings over the long term, with potential payback periods of 5 to 10 years. 

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  • Residential solar installations contribute to the country’s renewable energy goals and help combat climate change. SEIA estimates that solar installations in 2022 alone will offset approximately 40 million metric tons of carbon dioxide emissions over their lifetime (SEIA).

A note from our Founder:

The impact of solar homeownership in the United States is both significant and complex, offering substantial benefits like reduced utility bills, environmental gains, and increased property value. However, challenges remain that can affect homeowners' experiences.

As of Q4 2023, 4.2 million solar systems have been installed, while 84.7 million homes are eligible for solar—representing roughly 5% market penetration. Without addressing existing issues, consumer adoption may slow down. A major issue in the industry is the rise of "orphan systems." Many homeowners are left without support when their solar provider goes out of business. This has become increasingly common, with numerous solar companies closing their doors in recent years, leaving customers with no recourse for maintenance or support.

The complexity of solar transactions, from financing to installation, is compounded by the lack of mandatory regulations and educational requirements for sales professionals. This highlights the need for stronger consumer protection measures and more rigorous standards in the industry.

Despite these challenges, Wood Mackenzie projects that "the residential solar market will recover in 2025 and grow at an average annual rate of 10% between 2025-2028 as growth picks up in emerging markets." Although steady growth is forecasted, we cannot ignore the current challenges.

We invite you to join us in our mission to reform the solar industry. Unite with us, become a member of the Solar Reset Initiative, and help ensure every homeowner fully benefits from their investment in a sustainable future.

How we support:

The Solar Reset Initiative’s mission is to be a permanent solution and go-to resource for consumers with solar systems, providing support to homeowners with orphan systems and promoting responsible practices within the residential solar industry.

We offer nationwide customer support, collaborate with contractors to assist homeowners with orphan systems, and provide educational resources and training for homeowners and industry professionals.

Our programs include:

  • Nationwide Customer Service + Grievance Support

  • Orphan System Service Network Connection

  • Collaboration and Partnerships

  • Solar Education Programs

  • Advocacy and Awareness

  • Industry Training and Best Practices

By fostering transparency, trust, and responsible practices, we aim to create a thriving residential solar industry where consumers are 100% supported and empowered. Strength is in numbers, and our collective efforts are key to improving the state of the residential solar industry in the United States. Our founder is dedicated to addressing these challenges and driving positive change.

How you can help:

Donate: Support our mission with a financial contribution.

Become a Member: Join our community and help drive positive change.

Sign Up as a Contractor: Get listed in our directory and assist homeowners in your area.

Together, we can create a thriving residential solar industry and a sustainable future for all. 🌞🌍

Warm regards,

Xochilt I. Torres

President, The Solar Reset Initiative

Become an Ally.