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Solar Power in North Carolina

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NC22111e

Solar Power in North Carolina industry analysis

The Solar Power industry in North Carolina is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x% to xx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Solar Power in North Carolina Market Research Report

What’s Included in the Solar Power in North Carolina Market Research Report

Definition of the Solar Power in North Carolina?

Operators in this industry own and operate solar-power-generating facilities, such as photovoltaic panels or solar thermal power stations, that use mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.

What’s included in the Solar Power in North Carolina?

The Solar Power in North Carolina includes generating photovoltaic power and generating concentrated solar power. Related terms covered in the Solar Power in North Carolina industry report includes a specialized semiconductor diode that converts sunlight into electricity, electricity from sources that can be switched on or off to meet seasonal demand, a technology that uses mirrors to focus sunlight on a surface to create energy and all types of renewable energy.

Industry Performance of the Solar Power industry in North Carolina

Benchmark the Solar Power in North Carolina industry performance with all NC county and national performance.

Solar Power in North Carolina

#8 in Highest Revenue 3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Solar Power in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Solar Power industry in North Carolina

See how key industry drivers, such as population, private investment in non-residential construction, private investment in residential construction, tax credits for energy efficiency, electric power consumption and price of natural gas are impacting Solar Power in North Carolina

North Carolina Economic Indicators

Population
Private Investment in Non-Residential Construction
Private Investment in Residential Construction

View more economic information in NC State Economic profile

US Key External Drivers

Tax credits for energy efficiency
Electric power consumption
Price of natural gas

For the full list of industry drivers, see report purchase options.

County Data of the Solar Power industry in North Carolina

Access proprietary data on county in the Solar Power in North Carolina, such as Duplin County, Durham County and Dare County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Solar Power industry in North Carolina

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Solar Power industry in North Carolina in 2025?

The market size of the Solar Power industry in North Carolina is $1.2bn in 2025.

How many businesses are there in the Solar Power industry in North Carolina in 2025?

There are 54 businesses in the Solar Power industry in North Carolina, which has been growing at an average annual rate of 31.0% from 2020 to 2025.

Has the Solar Power industry in North Carolina grown or declined over the past 5 years?

The market size of the Solar Power industry in North Carolina has been growing at an average annual rate of 24.4% from 2020 to 2025.

How many employees in the Solar Power industry in North Carolina in 2025?

There are 938 employees in the Solar Power industry in North Carolina, which has been growing at an average annual rate of 36.6% from 2020 to 2025.