The solar HVAC market is in a critical state of flux.
On one hand, by the end of the decade, solar photovoltaic (PV) is “projected to be cost-competitive with retail electricity prices in a significant portion of the world as module prices and installation costs continue to decline,” per Navigant Research. In fact, according to a new report from the research firm, global annual revenue from solar PV installations is expected to surpass $151.6 billion by 2024.