Solar Lease Service Market Report 2025 (Global Edition)

Global Solar Lease Service Market Report 2025 Market Size Split by Type (Monthly Lease, Full Amount Lease), by Application (Home Use, Business Use), by Systems (Rooftop Solar System, Ground Mounted So...

Solar Lease Service Market Report Description

We have various report editions of Solar Lease Service Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Solar Lease Service Market Insights Video

Competitive Landscape of Solar Lease Service Market

Emerging firms like Tesla and local providers are intensifying competition, driving innovation in pricing models, installation techniques, and customer experience. Technology giants like Google are also entering the market, adding a new dimension. Government incentives and increasing environmental consciousness encourage more players to enter, resulting in a dynamic and competitive market where differentiation through service quality, financing options, and technological advancements is key.

• May 2022: NJR Clean Energy Ventures (CEV) has commenced the construction of an 8.9-MW floating solar installation in Millburn, New Jersey, anticipated to be the most expansive floating array in the U.S. The project incorporates a floating racking system, with approximately 16,510 solar panels set to be deployed atop a reservoir located at the New Jersey American Water Canoe Brook Water Treatment Plant. The solar array's clean energy is projected to cover around 95% of the facility's yearly electricity requirements, facilitated by a power purchase agreement forged with CEV.

(Source:www.businesswire.com/news/home/20230606006050/en/NJR-Clean-Energy-Ventures-and-New-Jersey-American-Water-Highlight-Innovative-Solutions-With-North-America%E2%80%99s-Largest-Floating-Solar-Array)

• April 2020: Sunrun, a company specializing in home solar services, has extended its offerings to Illinois, USA. This move holds the potential to be advantageous for Illinois inhabitants, granting them the ability to produce year-round electricity through rooftop solar installations. Alongside the economic benefits of monthly savings and reduced utility expenses, this initiative would contribute to a cleaner environment by minimizing reliance on conventional energy sources.

(Source:investors.sunrun.com/news-events/press-releases/detail/107/as-illinois-turns-to-clean-energy-sunrun-offers-rooftop)

• October 2019: The North Carolina Utilities Commission (NCUC) has approved Eagle Solar & Light, an Alabama-based solar energy firm, to become the inaugural licensed solar electric generator lessor in North Carolina. With a presence in North Carolina dating back to 2016, Eagle Solar & Light maintains offices in both Highlands and Chapel Hill.

(Source:ncchurches.org/2018/10/eagle-solar-light-becomes-first-solar-energy-lessor-in-north-carolina/)

Top Companies Market Share in Solar Lease Service Industry: (In no particular order of Rank)

• Tesla (SolarCity)
• SunRun
• SunPower
• Solar Calculator
• Solar to the People
• Solar-Estimate
• Vivint Solar Developer
• Wholesale Solar
• Modernize
• Solar Power Authority
• Going Solar
• SolarCity
• RGS Energy
• Dividend Finance
• Jinko Solar
• Canadian Solar
• Enphase Energy
• Clean Energy Collective
• Sungevity
• Mosaic
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The North America Solar Lease Service Market holds the Largest Share

The North American region commands the largest share of the solar lease service market due to a combination of factors. These include supportive government policies, federal tax incentives, state-level renewable energy targets, and a growing emphasis on clean energy. Additionally, the region's robust financial infrastructure facilitates innovative financing models like solar leasing, making it easier for homeowners and businesses to adopt solar solutions. High energy costs and environmental awareness further drive North America's adoption of solar lease services.

In North America United States Captured The Largest Market During the Forecast Period

According to Cognitive Market Research, due to several key factors, the United States secured the largest share in the solar lease service market during the forecast period. Firstly, the U.S. has a vast and diverse geographical landscape for various solar installations. Secondly, favorable government policies and incentives at both federal and state levels have encouraged solar adoption. The country's established financial and technological infrastructure also supports innovative financing models like solar leasing. Lastly, increasing environmental consciousness and a desire to reduce carbon emissions have propelled the demand for renewable energy solutions like solar leases in the U.S.

Asia Pacific Solar Lease Service Market to Witness the Highest Growth in Coming Years

The Asia Pacific region is poised for significant growth in solar lease services due to several factors. Rising energy demand, increasing urbanization, and a focus on sustainable development drive the adoption of clean energy sources. Favorable government policies, incentives, and investments in renewable infrastructure create a conducive environment. Technological advancements and decreasing solar costs further attract consumers. As a result, the Asia Pacific region is expected to experience substantial growth in solar lease service adoption.

The current report Scope analyzes Solar Lease Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Solar Lease Service Market Analysis

By Type, Monthly Lease Segment Dominates the Solar Lease Service Market

According to Cognitive Market Research, monthly lease options have captured the largest market share in the Solar Lease Service Market due to their affordability and accessibility. This approach allows customers to avoid high upfront costs, making solar energy more attainable for a wider range of individuals and businesses. Monthly lease payments are predictable and often lower than traditional electricity bills, providing immediate savings. This attractive financial model and growing environmental awareness have driven the popularity of monthly lease options in the market.

The full-amount lease is experiencing the highest compound annual growth rate (CAGR) in the solar lease service market due to increasing consumer preference for outright ownership. This model offers the benefits of long-term cost savings and solar system ownership after the lease period. Customers recognize the potential for higher returns on investment over the system's lifespan. Additionally, the decline in solar equipment costs has made full-amount leases more appealing, driving their rapid growth.

• Monthly Lease
• Full Amount Lease

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Solar Lease Service Industry. Request a Free Sample PDF!

By Application, Home Use Segment is Dominating the Solar Lease Service Market

The dominance of home use applications in the Solar Lease Service Market is attributed to increasing residential interest in adopting solar energy. Homeowners seek to reduce electricity bills, attain energy independence, and contribute to environmental sustainability. Favorable incentives and financing options have spurred residential solar leasing. As technology advances and awareness grows, more households are embracing solar solutions, cementing home use as a dominant segment in the market.

According to Cognitive Market Research, due to various factors, business use applications are experiencing the highest Compound Annual Growth Rate (CAGR) in the Solar Lease Service Market. Commercial entities increasingly recognize solar energy's cost-saving potential to reduce operational expenses. Moreover, environmental sustainability aligns with corporate social responsibility goals. Favorable policies, tax incentives, and the ability to monetize excess energy through net metering have accelerated the adoption of solar lease services among businesses, driving their rapid growth.

• Home Use
• Business Use

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Solar Lease Service Systems Segment Analysis

• Rooftop Solar System
• Ground Mounted Solar System

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

LinkedIn

Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion