US INDUSTRY STATE REPORT CA22111E

Solar Power in California

August 2022

IBISWorld.com 1-800-330-3772 info@IBISWorld.com

 Solar Power in California August 2022

State Industry Report

Industry Performance

Establishments

The number of Solar Power establishments in California accounts for 17% of the 746 establishments within the national industry, ranking
California 1st for the number of industry establishments within the US.

Solar Power #1 in Highest Solar Power in the US

in California Establishments 746 24.9% 17.8%
Establishments
127 18.7% 17.0% (2022) Annual Growth Annual Growth
Establishments (2018-23) (2023-28)
(2022) Annual Growth Annual Growth
(2017-22) (2022-27)

Revenue

Solar Power in California contributes 24.5% to the total national industry's revenue of $20.8 billion, ranking California 1st out of 33
states in total industry revenue.

Solar Power #1 in 24.5% of Solar Power in the US

in California Highest state's $20.8bn 20.7% 13.7%
Revenue GDP
Revenue
(2022)
$5.1bn 19.8% 14.3% Annual Growth Annual Growth
(2018-23) (2023-28)
Revenue
(2022) Annual Growth Annual Growth
(2017-22) (2022-27)

Employment

Employment for Solar Power in California totals an estimated 1,727 which increased an annualized 20.3% over the past five years. California
employs the 1st-most employees nationwide.

Solar Power #1 in Most Employment Solar Power in the US

in California
6,422 18.3% 15.5%
Employment
1,727 20.3% 15.4% (2022) Annual Growth Annual Growth
Employment (2018-23) (2023-28)
(2022) Annual Growth Annual Growth
(2017-22) (2022-27)

Wages

Total wages for Solar Power in California amount to $231.6 million, which increased an annualized 21.1% over the past five years. The average
wage of Solar Power employees in California is $134 thousand, which is 9.2% lower than the industry's national average wage of $148
thousand.

Solar Power #1 in Highest Wages Solar Power in the US

in California
$948.2m 21.6% 15.2%
Wages

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 Solar Power in California August 2022

$231.6m 21.1% 15.8% (2022) Annual Growth Annual Growth

Wages (2018-23) (2023-28)
(2022) Annual Growth Annual Growth
(2017-22) (2022-27)

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 Solar Power in California
Current Performance & Outlook
Solar Power in California
Solar Power in the US
IBISWORLD.COM
August 2022
The Solar Power industry in California is expected to grow an
annualized 19.8% to $5.1 billion over the five years to 2022, while the
national industry will likely grow at 20.7% during the same period.
Industry establishments increased an annualized 18.7% to 127
locations. Industry employment has increased an annualized 20.3% to
1,727 workers, while industry wages have increased an annualized
21.1% to $231.6 million.
Over the five years to 2027, the industry is expected to grow an
annualized 14.3% to $9.9 billion, while the national industry is expected
to grow 13.7%. Industry establishments are forecast to grow 17% to
279 locations. Industry employment is expected to increase an
annualized 15.4% to 3,527 workers, while industry wages are forecast
to increase 16% to $481.2 million.
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 Solar Power in California August 2022

Key External Drivers Every industry encounters external factors that impact industry
performance. In addition to the three most influential national key
external drivers of an industry, we have identified key state level
indicators that are likely to impact the local industry's performance.

California Economic Indicators US Key External Drivers

-0.3% 4.0% 15.0% - 2.9% 65.4%

Tax credits
Population Median House for energy Electric Price of
Houshold Price Index efficiency power natural gas
Income consumpti
on
View more state economic information in
the CA State Economic Profile.

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 Solar Power in California August 2022

County Industry Data

San Francisco San Francisco San Francisco Butte County San Bernardino
County County County 15.3% County
22 Est. $874.3m 15.3% Slowest Growing 454 Employees
Most Establishments Highest Revenue Fastest Growing Most Employees

Establishments

Annual
Establishmen Share
County Growth Rate
ts of State
(2021-22)
San Francisco 22 15.8% 17.3%
County
San 15 15.4% 11.8%
Bernardino
County
Santa Clara 15 15.4% 11.8%
County
Marin County 11 10.0% 8.7%
Riverside 10 25.0% 7.9%
County
San Diego 10 25.0% 7.9%
County
Alameda 8 14.3% 6.3%
County
Kern County 8 14.3% 6.3%
Los Angeles 8 14.3% 6.3%
County
Butte County 4 0.0% 3.2%

The largest distribution of industry establishments in California is

concentrated in San Francisco County. San Francisco County accounts
for 17.3% of the total establishments within the state.

The top 10 counties by highest establishments are displayed in the PDF version of this report. You can view insights for all counties associated
with this industry on my.ibisworld.com.

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 Solar Power in California August 2022

Revenue

Annual
Share
County Revenue $ Growth Rate
of State
(2021-22)
San Francisco 874.3m 15.3% 17.2%
County
San 593.6m 15.3% 11.7%
Bernardino
County
Santa Clara 582.8m 15.3% 11.4%
County
Marin County 437.1m 15.3% 8.6%
Riverside 356.2m 15.3% 7.0%
County
San Diego 356.2m 15.3% 7.0%
County
Alameda 291.4m 15.3% 5.7%
County
Kern County 291.4m 15.3% 5.7%
Los Angeles 291.4m 15.3% 5.7%
County
Butte County 145.7m 15.3% 2.9%

San Francisco County contributes most to the state industry's total

revenue, with 17.2% of state revenue coming from the county.

The top 10 counties by highest revenue are displayed in the PDF version of this report. You can view insights for all counties associated with
this industry on my.ibisworld.com.

Employment

Annual
Share
County Employment Growth Rate
of State
(2021-22)
San 454 17.3% 26.3%
Bernardino
County
San Francisco 304 17.4% 17.6%
County
Marin County 152 16.9% 8.8%
Santa Clara 129 17.3% 7.5%
County
Alameda 102 17.2% 5.9%
County
Kern County 102 17.2% 5.9%
Los Angeles 102 17.2% 5.9%
County
Butte County 51 15.9% 3.0%
Contra Costa 51 15.9% 3.0%
County
Lake County 51 15.9% 3.0%

The largest number of industry employees in California is concentrated

in San Bernardino County. San Bernardino County employs 454
individuals - 26.3% of all state industry employees.

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 Solar Power in California August 2022

The top 10 counties by highest employment are displayed in the PDF version of this report. You can view insights for all counties associated
with this industry on my.ibisworld.com.

Wages

Annual
Share
County Wages $ Growth Rate
of State
(2021-22)
San 47.4m 17.2% 20.5%
Bernardino
County
San Francisco 44.9m 17.2% 19.4%
County
Marin County 22.5m 17.2% 9.7%
Santa Clara 17.1m 17.2% 7.4%
County
Alameda 15.0m 17.2% 6.5%
County
Kern County 15.0m 17.2% 6.5%
Los Angeles 15.0m 17.2% 6.5%
County
Butte County 7.5m 17.2% 3.2%
Contra Costa 7.5m 17.2% 3.2%
County
Lake County 7.5m 17.2% 3.2%

San Bernardino County has spent the most on total wages within
California, with 20.5% of the state's total wages coming from the
county.

The top 10 counties by highest wages are displayed in the PDF version of this report. You can view insights for all counties associated with this
industry on my.ibisworld.com.

IBISWORLD.COM 8
 Solar Power in California August 2022

Key Statistics

State Industry Data

Revenue Establishments Enterprises Employment Wages

Year ($m) (Units) (Units) (Units) ($m)
2005 20.6 8.00 8.00 144 12.6
2006 20.8 8.00 8.00 140 12.6
2007 25.4 9.00 8.00 160 15.3
2008 38.0 10.0 9.00 174 17.2
2009 39.0 10.0 10.0 166 16.3
2010 52.4 13.0 11.0 202 20.1
2011 77.6 15.0 13.0 232 23.8
2012 180 22.0 19.0 321 33.7
2013 372 29.0 24.0 327 37.7
2014 726 30.0 23.0 414 48.8
2015 959 33.0 24.0 472 53.5
2016 1,149 39.0 28.0 418 49.7
2017 2,062 54.0 39.0 686 89.0
2018 2,461 59.0 43.0 946 110
2019 2,885 65.0 48.0 1,040 131
2020 3,804 91.0 66.0 1,260 167
2021 4,418 107 77.0 1,474 198
2022 5,094 127 91.0 1,727 232
2023 5,823 151 107 2,010 270
2024 6,658 178 125 2,337 314
2025 7,639 207 141 2,692 363
2026 8,735 240 160 3,085 418

Annual Change

Revenue Establishments Enterprises Employment Wages

Year (%) (%) (%) (%) (%)
2006 0.99 0.00 0.00 -2.78 -0.17
2007 22.0 12.5 0.00 14.3 22.1
2008 49.8 11.1 12.5 8.75 11.9
2009 2.64 0.00 11.1 -4.60 -5.10
2010 34.2 30.0 10.0 21.7 23.6
2011 48.3 15.4 18.2 14.9 18.2
2012 131 46.7 46.2 38.4 41.6
2013 107 31.8 26.3 1.87 11.9
2014 95.1 3.45 -4.17 26.6 29.7
2015 32.1 10.0 4.35 14.0 9.54
2016 19.8 18.2 16.7 -11.4 -7.18
2017 79.5 38.5 39.3 64.1 79.2
2018 19.3 9.26 10.3 37.9 23.5
2019 17.2 10.2 11.6 9.94 19.4
2020 31.9 40.0 37.5 21.2 27.1
2021 16.1 17.6 16.7 17.0 18.5
2022 15.3 18.7 18.2 17.2 17.2
2023 14.3 18.9 17.6 16.4 16.4
2024 14.4 17.9 16.8 16.3 16.4
2025 14.7 16.3 12.8 15.2 15.7
2026 14.3 15.9 13.5 14.6 15.2

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 Solar Power in California August 2022

Key Ratios

Wages/
Revenue per Employee Employees per estab. Revenue Average Wages
Year ($'000) (Units) (%) ($)
2005 143 18.0 61.1 87,368
2006 149 17.5 60.4 89,708
2007 159 17.8 60.4 95,807
2008 218 17.4 45.1 98,589
2009 235 16.6 41.7 98,068
2010 259 15.5 38.4 99,617
2011 335 15.5 30.6 102,482
2012 559 14.6 18.7 104,882
2013 1,138 11.3 10.1 115,179
2014 1,753 13.8 6.73 117,980
2015 2,031 14.3 5.58 113,357
2016 2,748 10.7 4.32 118,810
2017 3,006 12.7 4.31 129,704
2018 2,601 16.0 4.46 116,124
2019 2,774 16.0 4.55 126,113
2020 3,019 13.8 4.38 132,263
2021 2,997 13.8 4.47 134,006
2022 2,950 13.6 4.55 134,088
2023 2,897 13.3 4.63 134,121
2024 2,849 13.1 4.71 134,258
2025 2,838 13.0 4.75 134,861
2026 2,831 12.9 4.79 135,606

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