America's Top 5 Largest Solar Companies

Solar power is one of the fastest-growing industries in the world. Solar installations have grown at an annual rate of almost 40% since 2013 and are expected to continue growing for the foreseeable future. With so much solar growth, it’s not surprising that there are a lot of big players in this space.

Proving this point, there are 10 companies in America that produce solar panels on an industrial scale. These 10 companies produced almost 70% of the solar panels manufactured in America last year. These are America’s largest solar companies based on market capitalization as well as revenue generated from sales of their solar products.

America's Top 5 Largest Solar Companies


SunPower

Pre-Construction: 37

Under Construction: 11

Operating: 439

Total Solar Capacity (MW): 3,842.02


SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools, and utilities around the globe rely on SunPower’s more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America.


First Solar

Pre-Construction: 64
Under Construction: 9
Operating: 522
Total Solar Capacity (MW): 7,852.88

First Solar is a leading global provider of comprehensive photovoltaic (“PV”) solar systems which use its advanced module and system technology. The Company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy systems protect and enhance the environment. By integrating technologies, services, and expertise across the entire solar value chain, First Solar delivers bankable PV energy solutions that enable a world powered by reliable and affordable solar electricity.


Recurrent Energy

Pre-Construction: 22
Under Construction: 2
Operating: 70
Total Solar Capacity (MW): 3,569.73

Recurrent Energy is a leading utility-scale solar project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar, Inc., and functions as Canadian Solar’s U.S. project development arm. Their development strategy is to build a balanced portfolio of utility-scale solar projects ranging in size from 20- 500 MW to meet the increasing demand from utilities for clean electricity at highly competitive prices. Technology expertise, supply chain capabilities, and access to capital enable Recurrent Energy to deliver solar generating plants at any scale with market-leading cost and efficiency.

Intersect Power

Pre-Construction: 12
Under Construction: 0
Operating: 0
Total Solar Capacity (MW): 3,112.09

Intersect Power is an infrastructure development company bringing utility-scale power to wholesale customers and markets, with the goal of delivering value and viability to both energy buyers and project investors. Currently focused on “greenfield” solar and storage project development, Intersect Power’s functional expertise spans all relevant disciplines including site acquisition, permitting, interconnection, origination, engineering, procurement, construction, and finance.

Hecate Energy LLC

Pre-Construction: 30
Under Construction:0
Operating: 20
Total Solar Capacity (MW): 2,426.44

Hecate Energy is a leading developer, owner, and operator of power plants in North America and internationally. Hecate Energy brings together business acumen, technical understanding and significant experience in the industry to develop world-class power projects. The company specializes in solar and wind power, natural gas plants and energy storage, unearthing creative approaches to structuring PPAs and financing power projects both in the United States and abroad. Hecate Energy believes in collaborative, long-term partnerships with the communities, organizations, and countries it serves.

Our Conclusion

The best solar energy company depends on your state availability and unique energy needs. While SunPower is our top pick due to its highly efficient systems, we recommend any of the solar power companies mentioned in this article.