North America Solar PV Market Size – By Connectivity, Mounting, End-Use, Country Outlook & Forecast, 2026 – 2035

North America Solar PV Market Size

The North America solar PV market size was valued at USD 45.4 billion in 2025. The market is anticipated to grow from USD 47.5 billion in 2026 to USD 82.1 billion in 2035, at a CAGR of 6.3% according to latest report published by Global Market Insights Inc.

• Solar PV has become the fastest-growing electricity generation source in North America, with the U.S. Energy Information Administration projecting that solar generation will increase 75% from 163 billion kWh in 2023 to 286 billion kWh in 2025. Additionally, substantial investment flows into North American solar PV infrastructure coupled with surge in manufacturing investment across the region following the enactment of the Inflation Reduction Act will drive the market outlook.
   
• Ongoing manufacturing scale-up, technology improvements in lithium-ion battery chemistry and thermal management and increasing competition among battery suppliers has supported to decline the battery storage costs, thereby improving the economics of solar-plus-storage systems. Introduction of state-level policies encouraging storage deployment to capture otherwise-curtailed solar energy for delivery during evening peak demand in states like California will drive the market outlook.
   
• For instance, the IRA has established a standalone investment tax credit for energy storage systems, enabling storage to qualify for the 30% credit independent of solar co-location. This policy change has unlocked significant storage deployment that was previously uneconomic and has enabled developers to optimize storage sizing and dispatch strategies without being constrained by solar generation patterns.
   
• Ongoing deployment of solar-plus-storage integration in distributed applications to maximize self-consumption of solar generation, reduce reliance on grid electricity during expensive peak periods, and maintain power during grid outages will drive the market outlook.
   
• For instance, California's Net Energy Metering 3.0 policy, which substantially reduced compensation for grid-exported solar generation, has made solar-plus-storage systems economically superior to solar-only installations for new residential customers.
   
• Smart inverter technology and advanced grid integration capabilities will enable solar and storage systems to provide sophisticated grid services beyond simple energy time-shifting. In addition, continued investment in smart inverter capabilities and grid flexibility measures as essential components of high-renewable-penetration electricity systems will contribute to the overall business momentum.
   

North America Solar PV Market Trends

• The technology transition toward higher-efficiency modules and advanced cell architectures is reshaping North American manufacturing strategies and supply chain requirements. Increasing investment by manufacturers in TOPCon and back-contact production lines to compete with imported products will complement the product growth.
   
• Ongoing adoption of next-generation photovoltaic cell architectures and module designs that deliver higher energy conversion efficiencies and improved performance characteristics to maximize energy yield per unit of land area, reduce balance-of-system costs, and improve project economics is set to accelerate the business landscape.
   
• Community solar programs have emerged as a critical pathway for expanding solar access to renters, low-income households, and property owners with unsuitable roofs. Several Canadian provinces have expanded commercial net metering limits to facilitate larger distributed installations, with Nova Scotia raising its net metering cap from 100 kW to 1 MW.
   
• Distributed generation and off-grid solar systems are expanding rapidly to serve remote communities, enhance grid resilience, and enable customer energy independence. Several U.S. states have implemented permitting reforms to reduce soft costs and accelerate interconnection timelines. For instance, Maryland's Renewable Energy Certainty Act standardizes permitting requirements and limits restrictive local zoning, while New Jersey streamlined interconnection procedures for projects exceeding 5 MW.
   
• The solar deployment in the region faces ongoing supply chain challenges stemming from global manufacturing concentration, trade policy measures, and input material price fluctuations. However, Technological improvements, cost reductions, and streamlined permitting processes are enabling accelerated deployment across both distributed and utility-scale market segments.
   

North America Solar PV Market Analysis
 

Based on end use, the North America Solar PV market is segmented into residential, commercial & industrial and utility. The utility accounts for the major share of the market with 73.9% in 2025 and is expected to grow at a CAGR of 5.1% over the forecasted period of 2026-2035.
 

• Rising utility installations across California, Florida, Indiana, Arizona, Michigan, and New York along with bilateral power purchase agreements with corporate off takers will complement the business landscape. Some of the key drivers include state renewable portfolio standards and clean energy mandates, corporate procurement demand from technology and industrial companies, utility integrated resource plans identifying solar as the lowest-cost generation option and federal tax incentives under the Inflation Reduction Act.
   
• For instance, the U.S. Energy Information Administration reports that approximately 20% of planned utility-scale solar projects reported schedule delays in Q3 2025, indicating improving project execution despite ongoing challenges.
   
• Commercial & industrial sector will grow to USD 11.5 billion by 2035 on account of increasing corporate off-site solar power purchase agreements. On-site commercial and industrial installations benefit from favorable economics owing to high daytime electricity consumption that aligns with solar generation patterns, higher commercial electricity rates compared to residential rates in many jurisdictions, and accelerated depreciation benefits available to business taxpayers. Additionally, the segmental growth can be attributed to 30% federal investment tax credit plus potential adders for domestic content and energy community locations under the Inflation Reduction Act.
   
• Residential will grow over CAGR 8.5% by 2035 on account of substantial adoption in leading states including Hawaii, California, and Arizona. Reduced electricity bills, enhanced energy independence and environmental sustainability, and increased property values, will complement the business landscape. Introduction of the federal Solar Investment Tax Credit, which provided a 30% tax credit for residential installations will continue to drive the industry scenario.
   

Based on mounting, the North America solar PV market is segmented into ground mounted and rooftop. Ground mounted accounts for the major share of the market with 67.6% in 2025 and is expected to grow at a CAGR of 6.4% over the forecasted period of 2026-2035. 
 

• The systems owing to optimal panel orientation, minimal shading constraints, and the ability to deploy large-scale projects that achieve significant economies of scale will continue to drive the business momentum. Abundant land availability, excellent solar resources, and merchant market opportunities in the U.S. is set to augment the market growth. In addition, many U.S. states have implemented permitting reforms to address these barriers, with Maryland's Renewable Energy Certainty Act standardizing requirements and limiting restrictive local zoning, driving the business statistics.
   
• Rooftop solar PV market will grow over CAGR 5.5% by 2035 owing to declining system costs, federal and state incentive programs, increasing electricity rates that improve solar economics, and growing consumer and corporate demand for clean energy and energy independence. Furthermore, ongoing battery storage integration will improve the economics under less favorable net metering policies and increasing utilization in commercial and industrial sector driven by corporate sustainability commitments and favorable project economics will complement the product growth.
   

Based on connectivity, the North America Solar PV market is segmented into on grid and off grid. On grid accounts for the major share of the market with 96.9% in 2025 and is expected to grow at a CAGR of 6.2% over the forecasted period of 2026-2035 propelled by economies of scale, simplified system design without battery storage requirements, and access to competitive module and inverter pricing.
 

• Net metering and billing policies in most of the U.S. states and Canadian provinces provide compensation for exported solar generation, improving project economics and payback periods for distributed installations, leading to market growth. Corporate power purchase agreements led by data center operators’ utility procurement to meet renewable portfolio standards and decarbonization targets will further augment the market growth.
   
• Off grid will grow over CAGR 3% by 2035 on account of federal and provincial programs targeting indigenous energy sovereignty, declining battery storage costs that improve system economics, and increasing recognition of energy resilience value following grid disruptions from extreme weather events. Further, the Mexico's 2025 energy reform preserved pathways for off-grid self-generation systems between 0.7 MW to 20 MW, thereby maintaining opportunities for industrial and commercial off-grid installations.
   
• For instance, Canada's federal government has identified approximately 300 off-grid communities, primarily Indigenous communities in remote northern regions, as priority targets for clean energy transitions away from diesel generation. The Smart Renewables and Electrification Pathways Program and the Clean Energy for Rural and Remote Communities program provide federal funding to support off-grid solar-plus-storage installations in these communities
   

In the U.S., the market was valued at USD 44.1 billionin 2025 and is projected to grow at a CAGR of 6.2% for the forecast period of 2026-2035.
 

• The Inflation Reduction Act, enacted in 2022, has been the primary policy driver for U.S. solar growth, providing production and investment tax credits, manufacturing incentives, and targeted support for disadvantaged communities, thereby strengthening the market landscape. Continuous improvements in module efficiency, manufacturing scale, and supply chain optimization have led to a steady decline in solar PV system costs, making solar increasingly cost-competitive with conventional electricity sources, propelling the product penetration.
   
• For instance, in November 2025, First Solar, the U.S.’s largest solar panel manufacturer, announced its new solar factory in South Carolina, to handle the final production steps for its Series 6 Plus thin film modules. The company plans to invest approximately USD 330 million in the new site, which is anticipated to create more than 600 new jobs.
   
• Ontario and Alberta dominate Canadian solar deployment and together will grow over CAGR 5.8% by 2035. Federal climate targets include achieving 90% non-emitting electricity by 2030, net-zero electricity by 2035, and net-zero emissions by 2050, will drive sustained solar procurement. Further, key factors including federal decarbonization commitments, provincial procurement programs, indigenous energy sovereignty initiatives, and electrification of transportation and heating sectors will lead to market growth.
   
• For instance, in 2024, the country launched the Indigenous Loan Guarantee Program specifically targeting the First Nations participation in clean energy projects, addressing approximately 300 off-grid communities that currently rely on diesel generation.
   
• Mexico will grow to more than USD 2 billion by 2035 on account of setting up of a centralized National Energy Commission reducing the regulatory independence and increasing political control over market rules affecting solar project permitting, interconnection, and procurement. Further, continued emphasis on renewable expansion, grid modernization, and energy storage creates targeted opportunities for companies that align with government priorities will complement market growth.
   
• Presence of abundant solar resources, particularly in northern states including Sonora, Chihuahua, and Coahuila, will continue to support strong project economics for utility-scale installations, thereby augmenting the solar PV adoption. For instance, in March 2025, the country enacted comprehensive energy sector reforms that reversed much of the 2014 market liberalization. The mandate states that at least 54% of electricity dispatched to Mexico's national grid must come from state-owned Federal Electricity Commission (CFE) plants, thereby legally constraining private generator market share to a maximum of 46%.
   

North America Solar PV Market Share

• The top five players operating in the solar PV market in North America are Jinko Solar, LONGi Green Energy Technology, Trina Solar, JA Solar Technology, Canadian Solar. The combined 51% market share reflects a moderately competitive market structure with significant opportunities for additional players to capture share through differentiated technology offerings, domestic manufacturing strategies, or specialized market segment focus.
   
• The competitive landscape encompasses multinational module manufacturers with North American production facilities, domestic specialists focused on regional supply chains and policy compliance, and integrated energy companies pursuing vertical integration strategies. It is evolving rapidly in response to trade policy changes, domestic manufacturing incentives under the Inflation Reduction Act, and global supply chain dynamics.
   
• Merger and acquisition activity in the region solar sector is focused on vertical integration, with manufacturers acquiring project development platforms and developers securing captive manufacturing capacity. Competitive strategies increasingly emphasize domestic manufacturing, supply chain transparency, and compliance with evolving trade requirements.
   
• The market concentration dynamics are evolving in response to U.S. trade policy and domestic content incentives under the Inflation Reduction Act. Various manufacturers including Heliene, Silfab Solar, Mission Solar Energy, and Q CELLS are expanding their domestic production capacity.
   

North America Solar PV Market Companies

Eminent players operating in the North America solar PV industry are:

• Chint Solar

• Canadian Solar
• First Solar
• GCL-SI
• Heliene
• JA SOLAR Technology
• Jinko Solar
• LG Electronics
• LONGi Solar
• Mission Solar Energy
• Panasonic Corporation
• Q CELLS
• REC Solar Holdings
• Silfab Solar
• Solaria Corporation
• Suntech Power Holdings
• SunPower Corporation
• Trina Solar
• Tesla
• Vikram Solar
   
• JA Solar Technology serves the North American market with high-efficiency monocrystalline modules and has adapted its supply chain to address U.S. trade actions including antidumping and countervailing duties finalized in April 2025 on modules from Southeast Asian manufacturing locations.
   
• Jinko Solar holds the market leadership position in North America, leveraging its position as one of the world's largest solar module manufacturers with global shipments exceeding 226 GW in the first half of 2024 across the top ten manufacturers. The company has established North American manufacturing presence and supply chain relationships to serve the regional market while navigating trade policy requirements and domestic content preferences under the Inflation Reduction Act.
   
• LONGi Green Energy Technology has global leadership in monocrystalline silicon technology and high-efficiency module production. LONGi has invested heavily in next-generation cell technologies including TOPCon and back-contact architectures that are gaining market share in North American utility-scale and commercial installations seeking maximum energy yield.
   
• Trina Solar maintains a strong North American market position through its comprehensive product portfolio spanning residential, commercial, and utility-scale applications. Trina has developed supply chain strategies to comply with U.S. trade requirements while maintaining competitive pricing.
   
• Canadian Solar is supported by its Canadian heritage, North American manufacturing presence, and integrated business model encompassing module manufacturing, project development, and energy storage solutions. Canadian Solar operates manufacturing facilities in Canada and has expanded its North American footprint to serve growing demand and comply with domestic content requirements.
   

North America Solar PV Industry News

• In January 2025, The White House issued a comprehensive energy policy statement on January 20, 2025, outlining federal actions to expand domestic energy production and deployment across all energy sources. The policy includes references to expanding renewable energy deployment and implementing permitting reforms to expedite project development timelines. The initiative signals federal-level commitment to accelerating energy infrastructure development, including utility-scale and distributed solar projects, through streamlined permitting processes, land and ocean leasing reforms, and grid interconnection improvements. The policy framework is expected to influence North American solar PV growth trajectories through 2026 by affecting project approval timelines and administrative support for clean energy deployment.
   
• In April 2025, the U.S. Department of Commerce finalized antidumping and countervailing duty determinations, imposing tariffs on crystalline silicon photovoltaic cells and modules imported from Malaysia, Vietnam, Thailand, and Cambodia. The final duty rates vary by manufacturer and country, with some rates exceeding 200% and creating substantial cost increases for imported modules from these Southeast Asian manufacturing locations.
   
• In December 2024, the Canadian federal government launched the Indigenous Loan Guarantee Program to support First Nations participation and ownership in clean energy projects, including solar photovoltaic installations. The program provides loan guarantees to reduce financing costs and risks for Indigenous-led renewable energy developments, addressing approximately 300 off-grid communities that currently rely on diesel generation.
   
• In August 2024, The U.S. Treasury Department, Consumer Financial Protection Bureau, and Federal Trade Commission issued a joint consumer advisory, warning homeowners about solar scams and predatory financing practices in the residential solar market. The interagency advisory highlighted concerns including aggressive sales tactics, misleading claims about savings and incentives, high-pressure financing arrangements, and fraudulent schemes targeting homeowners.
   

North America Solar PV Market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MW & USD Billion” from 2022 to 2035, for the following segments:

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Market, By Connectivity

• On grid
• Off grid

Market, By Mounting

• Ground mounted
• Rooftop

 Market, By End Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico