Rooftop Solar EPC Market Size

Rooftop Solar EPC Market Size

Rooftop Solar EPC Market was valued at USD 116.6 billion in 2023 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2032. Rooftop Solar EPC refers to the comprehensive process of Engineering, Procurement, and Construction for solar power systems installed on the rooftops of buildings. Rooftop Solar EPC is crucial because it allows for the turnkey delivery of solar power systems, enabling residential, commercial, and industrial property owners to easily adopt solar energy with minimal hassle.

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The cost of solar panels and associated equipment has been steadily decreasing, making rooftop solar more affordable for a wider range of consumers. The financial returns from rooftop solar installations, including energy savings and potential revenue from selling excess power, will drive adoption among both homeowners and businesses, thereby augmenting the business dynamics. Furthermore, Companies are increasingly adopting rooftop solar as part of their sustainability strategies, aiming to reduce their environmental impact and meet corporate social responsibility (CSR) goals.
 

Ongoing integration of rooftop solar with energy storage systems is becoming more common, allowing for better energy management and resilience against grid outages will positively impact the industry statistics. Furthermore, the adoption of smart inverters and energy management systems is enabling better control and optimization of energy generation and usage, making rooftop solar systems more efficient and user-friendly, which will complement the product penetration. Some regions have introduced regulations requiring new buildings to include renewable energy solutions like rooftop solar, further driving the product adoption.