Margin One

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6600 Chase Oaks BLVD., Ste 150
Plano, Texas 75023

info@margin.one
(469) 430 8841

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Renewables

The Booming Residential Solar Industry: Trends, Benefits, and Challenges

The residential solar industry is transforming how homeowners think about energy, offering a blend of environmental benefits, cost savings, and energy independence. With over 5.6 GW of solar capacity installed in 2023 alone—a 48% increase from the previous year—the U.S. market is booming, thanks in part to the 30% federal solar tax credit extended by the Inflation Reduction Act (SEIA, 2023).