We love GTM Research, but they are wrong…

Greentech Media has been a dominant voice in the solar and advanced energy sector in the past decade, delivering renewable energy news, market analysis, and conferences that inform and connect players in the global clean tech energy market. And they were recently acquired by Wood Mackenzie, a leading research and consultancy group focusing in the energy, chemicals, renewables, metals and mining sectors.

Greentech Media recently published their 2018 Q4 US Solar Market Insight Report. You can download the executive summary here. This report forecasts a slowing growth in the US Solar market as depicted in the below chart.

They are forecasting a less than 50% growth for the next 5 years for the residential & commercial solar market in the US.  We believe that forecast is too low. We expect the market to grow at least 75% in the next 5 years.