GTM Report: Record year predicted for US solar carport market

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According to a new report from GTM Research, the US is expected to add 180MW of solar carports in 2014, setting the stage for another record year for the growing market.

The report, titled “US Solar Carport Market 2014-2018: Landscape, Outlook and Leading Companies,” made note that it would be the fourth consecutive year that over 100MW of solar carports would be installed in the US.

Scott Moskowitz, author of the report, said: “The US solar carport market has historically been driven by solar incentives dedicated to government and educational entities coupled with physical and regulatory limitations for rooftop systems for these customers. With the average system price of solar carports continuing to fall, commercial solar developers can offer increased value to customers in the form of larger project sizes and greater electricity savings.”

While the report noted that California has historically represented more than half of the national market for solar carports, it also stated that new east coast destinations are cropping up. GTM expects that continued growth in California, New Jersey and Arizona will help boost the total value of the market to US$843 million in 2016.

Moskowitz added: “The vendor and developer landscape for PV carports is growing more complex as companies optimize their strategy to meet a challenging pricing environment. In general, developers are moving away from vertical integration to tap into lower cost structural suppliers and vendors are increasing their scope of services to combat falling pricing.”

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