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The residential solar market in the United States continues to grow, with Sunrun leading the pack as the largest installer in 2023. Holding an ** percent market share, Sunrun outpaced competitors like Freedom Forever and SunPower, while Tesla Energy secured the fifth position with a *** percent share. In that same year, Tesla Energy generated a revenue of over *** billion U.S. dollars, experiencing significant revenue growth from the last few years. 

Growth of U.S. home solar 

As of 2023, residential solar PV capacity in the U.S. surpassed ** gigawatts, accounting for about ** percent of total solar installations nationwide. California, Texas, and Florida lead in residential solar system installations, with California boasting approximately **** gigawatts of home solar at the end of 2023. The market expansion is evident in the newly installed residential sector PV capacity, which reached *** gigawatts in 2023, a ** percent increase from the previous year.

Market trends and future outlook 

The residential solar market shows promising growth potential. The number of solar-equipped homes in the U.S. reached *** million in 2023, with projections indicating a substantial increase to **** million by 2032, which equates to a penetration rate of roughly ** percent of single-unit housing. Detached single-family homes dominate the residential solar market, accounting for ** percent of home solar system installations in 2023.