Le Lézard
Classified in: Oil industry
Subjects: SVY, LEG, STP

New California Mandate to Boost Demand for Solar Roofing Products - Freedonia Analysis


CLEVELAND, May 10, 2018 /PRNewswire/ -- The California Energy Commission's approval of an amendment to that state's building code requiring the use of solar installations on nearly all newly built single-family homes and condominiums is expected to play a key role in boosting demand for solar roofing products going forward. This amendment to the CALGreen building code, which was first announced in early 2018, calls for all new residences in the state to have roof-mount solar products to:

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

According to Freedonia Group analyst Matt Zielenski, demand for solar roofing products ? such as those made by Tesla, GAF Materials, and CertainTeed ? will see strong growth going forward as builders and contractors in California install these products on newly built homes. "Solar roofing products have several advantages over traditional roof-mount solar panels," says Zielenski.

One of these advantages is that they are more attractive than solar panels. Zielenski noted, "Most solar roofing products look like traditional roofing, such as asphalt shingles or roofing tiles. Their ability to 'blend in' with the rest of the structure can add to the curb appeal and value of a home."

Furthermore, solar roofing products can generate nearly as much electricity as roof-mount solar panels, offering homeowners the prospect of substantial long-term energy savings. As a result, US demand for solar roofing is projected to reach $2.2 billion in 2022, and continue to grow strongly through 2037.

For more information on the US solar roofing market, see new study Solar Roofing in the US by Application and Region. https://www.freedoniagroup.com/industry-study/solar-roofing-in-the-us-by-application-and-region-3616.htm

About The Freedonia Group ? The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

SOURCE The Freedonia Group


These press releases may also interest you

at 11:00
American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services, LLC ("TOTE Services") today announced the execution of a Memorandum of Understanding (MOU) to jointly conduct a feasibility study (hereinafter...

at 10:43
NATSO, representing America's travel plazas and truck stops, and SIGMA: America's Leading Fuel Marketers, issued the following statement in response to the Biden Administration's Heavy-Duty Vehicle Greenhouse Gas Regulations and Standards Final Rule....

at 09:07
Olympus announced today that it has been awarded a contract for its advanced energy portfolio by Provista Inc. This new, nationwide agreement provides Provista members with negotiated pricing for Olympus® energy products, including the...

at 08:59
American Battery Technology Company (ABTC) , an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, today...

at 08:30
Today, Governor Gavin Newsom joins a team of neighborhood leaders and environmental justice organizations in a series of new ads (Regina, Tianna, Cesar, Nalleli, Community, Governor), to be aired statewide for the Campaign for a Safe and Healthy...

at 08:00
Callon Petroleum Company ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any...



News published on and distributed by: