SEIA: America’s Solar Energy Boom Continues
It is becoming more and more evident that solar in American is strong and is getting stronger. Just take a look at some highlights from the Solar Energy Industries Association’s (SEIA) new report: “Behind the Solyndra Headlines — America’s Solar Energy Boom.”
- More than 100,000 Americans work in the solar industry, double the number since 2009. They work at more than 5,000 companies, the vast majority being small businesses, in every state.
- In the last year, solar grew by 69 percent, making it one of the fastest growing sectors in the economy. Since the start of 2010, the price of solar panels dropped by 30 percent.
- The U.S. was a net exporter of solar products in 2010 by $2 billion, even to China. Solar power in the U.S. now exceeds 3,100 megawatts, enough to power more than 630,000 American homes.
- Throughout our history, every energy resource in America has enjoyed federal support, including oil, nuclear, natural gas, coal and, just recently, renewables.
- Despite the Solyndra bankruptcy, the Department of Energy Loan Guarantee Program helps make solar power cheaper and more affordable for businesses and homeowners. Each program dollar leverages $13 in private investment.
What the Future Holds
- The U.S. is projected to become the world’s largest solar market by 2014. Solar is already the fastest growing energy sector in the U.S. and by 2014 it will likely be the largest source of new electric capacity in America.
- In 2010 and 2011 alone, 27 new U.S. solar manufacturing facilities have begun or will begin operations across America, including in Arizona, Ohio, Michigan, Mississippi, Pennsylvania and Tennessee.
To read more facts, click into the SEIA document now.