Market Overview:
The Global Solar Lease Service Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for solar lease services for home and business use across different regions. In addition, the growing awareness about the benefits of solar lease services is also contributing to the market growth. The global solar lease service market by type is segmented into monthly lease, full amount lease, and others. The monthly lease segment is expected to hold a major share in the global solar lease service market during the forecast period owing to its easy availability and affordability. However, full amount leases are gaining popularity among consumers as they offer complete ownership of leased systems without any monthly payments. The global solar leasing service market by application is segmented into home use and business use. Home users account for a majority share in terms of revenue generated in this sector due to rising electricity costs and government initiatives promoting rooftop installations across different countries worldwide.
Product Definition:
Solar Lease Service is the leasing of solar power systems by a third party to provide energy for a customer. This service is important because it allows people who may not otherwise be able to afford solar power systems to take advantage of the benefits that they offer. Solar lease services can also help businesses reduce their operating costs and environmental impact.
Monthly Lease:
A lease is a type of rental agreement in which the lessor (lessee) transfers ownership of an asset to the lessee for a fixed or determinable period. In return, the lessee pays rent for using and maintaining that property. The lessor also has the option to acquire co-ownership between himself and the lessee by registering a leasehold estate with relevant authorities.
Full Amount Lease:
Full amount lease is a type of lease where the lessor (landlord) requires the lessee (user) to pay the full amount for using and occupying land or other real estate. In this type of leasing, there are no options or renewals and it has a definite end date. Full amount lease can be used in solar lease service market as well.
Application Insights:
The business use segment dominated the global solar lease service market in 2017, accounting for over 60.0% share of the total revenue. Growing demand for onsite energy generation from large scale industrial and commercial facilities to meet growing electricity needs is expected to drive growth over the forecast period.
The home use segment is projected to witness significant growth during the forecast period owing to increasing awareness among consumers regarding renewable energy sources such as wind and solar that do not produce any emissions into atmosphere and are clean sources of energy. Moreover, declining costs associated with installation along with tax credits offered under various federal and state programs will further propel growth in near future.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and favorable regulations for promoting renewable energy sources in countries such as China, India, South Korea, Indonesia, and Japan. For instance; In April 2016; The Government of India announced “UJALA Scheme†that distributes free solar lamps to households that have a subscriber under the age of six years in order to promote solar energy generation through residential buildings. Moreover Leasing companies are also focusing on this region due its large customer base with high electricity consumption rates which makes it suitable for commercial purposes such as restaurants or small shops where regular maintenance is not required but rather periodic payments are sufficient enough for covering operating costs & capital investment required.
North America was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand for solar energy due to global warming and rising electricity costs
- Government initiatives and subsidies for solar installations
- Reduction in the cost of solar technology
- Rising awareness about the benefits of solar leasing among businesses and homeowners
- Availability of financing options for leasing solar systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Lease Service Market Research Report
By Type
Monthly Lease, Full Amount Lease, Solar Lease Servic
By Application
Home Use, Business Use
By Companies
Tesla (SolarCity), SunRun, SunPower, Solar Calculator, Solar to the People, Solar-Estimate, Vivint Solar Developer, Wholesale Solar, Modernize, Solar Power Authority, Going Solar, Solar Lease Servic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Solar Lease Service Market Report Segments:
The global Solar Lease Service market is segmented on the basis of:
Types
Monthly Lease, Full Amount Lease, Solar Lease Servic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Business Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesla (SolarCity)
- SunRun
- SunPower
- Solar Calculator
- Solar to the People
- Solar-Estimate
- Vivint Solar Developer
- Wholesale Solar
- Modernize
- Solar Power Authority
- Going Solar
- Solar Lease Servic
Highlights of The Solar Lease Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monthly Lease
- Full Amount Lease
- Solar Lease Servic
- By Application:
- Home Use
- Business Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Lease Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solar lease service is a type of renewable energy agreement in which a customer leases the right to use solar panels on their property from an installer. The customer pays for the electricity generated by the panels over time, typically through monthly payments. Solar lease agreements are popular among people who want to take advantage of tax credits and other incentives available for installing solar panels but donu2019t have enough roof space or money to buy a system outright.
Some of the key players operating in the solar lease service market are Tesla (SolarCity), SunRun, SunPower, Solar Calculator, Solar to the People, Solar-Estimate, Vivint Solar Developer, Wholesale Solar, Modernize, Solar Power Authority, Going Solar, Solar Lease Servic.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Lease Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Lease Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Lease Service Market - Supply Chain
4.5. Global Solar Lease Service Market Forecast
4.5.1. Solar Lease Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Lease Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Lease Service Market Absolute $ Opportunity
5. Global Solar Lease Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Lease Service Market Size and Volume Forecast by Type
5.3.1. Monthly Lease
5.3.2. Full Amount Lease
5.3.3. Solar Lease Servic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Lease Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Lease Service Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Business Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Lease Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Lease Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Lease Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Lease Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Lease Service Demand Share Forecast, 2019-2026
9. North America Solar Lease Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Lease Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Lease Service Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Business Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Lease Service Market Size and Volume Forecast by Type
9.7.1. Monthly Lease
9.7.2. Full Amount Lease
9.7.3. Solar Lease Servic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Lease Service Demand Share Forecast, 2019-2026
10. Latin America Solar Lease Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Lease Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Lease Service Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Business Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Lease Service Market Size and Volume Forecast by Type
10.7.1. Monthly Lease
10.7.2. Full Amount Lease
10.7.3. Solar Lease Servic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Lease Service Demand Share Forecast, 2019-2026
11. Europe Solar Lease Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Lease Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Lease Service Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Business Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Lease Service Market Size and Volume Forecast by Type
11.7.1. Monthly Lease
11.7.2. Full Amount Lease
11.7.3. Solar Lease Servic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Lease Service Demand Share, 2019-2026
12. Asia Pacific Solar Lease Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Lease Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Lease Service Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Business Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Lease Service Market Size and Volume Forecast by Type
12.7.1. Monthly Lease
12.7.2. Full Amount Lease
12.7.3. Solar Lease Servic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Lease Service Demand Share, 2019-2026
13. Middle East & Africa Solar Lease Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Lease Service Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Lease Service Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Business Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Lease Service Market Size and Volume Forecast by Type
13.7.1. Monthly Lease
13.7.2. Full Amount Lease
13.7.3. Solar Lease Servic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Lease Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Lease Service Market: Market Share Analysis
14.2. Solar Lease Service Distributors and Customers
14.3. Solar Lease Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tesla (SolarCity)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SunRun
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SunPower
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solar Calculator
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solar to the People
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Solar-Estimate
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vivint Solar Developer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wholesale Solar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Modernize
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Solar Power Authority
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Going Solar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Solar Lease Servic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
