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© 2012 SEIA © 2012 SEIA
The Dynamic and Growing U.S. Solar Market
Thomas P. Kimbis Vice President
Solar Energy Industries Association
© 2012 SEIA
About SEIA • Founded in 1974 • U.S. National Trade Association for Solar Energy
• 1,000+ member companies from around the world • Members from across 50 states • Largest companies in the world as well as small installers
• Our Mission: Build a strong solar industry to power America • Our Goal: 10 gigawatts (GW) of annual installed solar capacity in
the U.S. by 2015
© 2012 SEIA
Solar in America: Strong and Getting Stronger
• 100,000 American workers in solar – double the number in 2009 – at 5,600 companies across the country
• One of the fastest growing sectors of the U.S. economy – with 109% growth in PV installations in 2011.
• More than 4,460 MW of installed solar electric capacity
© 2012 SEIA
Industry Overview • The value of solar installations grew to $8.4 billion in 2011 • Solar employment more than doubled from 2009 to 2011,
topping 100,000 American workers
SEIA/GTM Research U.S. Solar Market Insight: Year In Review
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40,000
60,000
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2006 2007 2008 2009 2010 2011
U.S. Solar Workforce
SEIA Estimate The Solar Foundation
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Value of PV Installations
SEIA Estimate SEIA/GTM Research
© 2012 SEIA
U.S. Solar Business Locations in 2011
© 2012 SEIA
What the Future Holds– Looking Ahead
• In 2012, we’ll see near-term challenges for the industry, especially for manufacturers
• Since the beginning of 2010, 52 new U.S. solar manufacturing facilities have begun operations across America
• By 2014, the U.S. is projected to become one of the world’s largest solar markets, alongside China and possibly Japan
© 2012 SEIA
Solar Market Insight: Year in Review 2011
• Detailed data on markets in top 23 states available in full report.
• Free executive summary provides national aggregate data on installations, pricing, manufacturing and demand forecasts.
• Full report for sale includes detailed market segment and state data.
© 2012 SEIA
U.S. Solar Industry Continues Strong Growth • PV demand grew 109% in 2011
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Year Q1 Q2 Q3 Q4Source: SEIA/GTM Research Solar Market Insight, "2011 Year In Review"
© 2012 SEIA
PV System Prices Falling Dramatically
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1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
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Average Installed Price of PV
LBNL "Tracking the Sun IV" SEIA/GTM ResearchSource: SEIA/GTM Research Solar Market Insight, "2011 Year In Review"
© 2012 SEIA
U.S. to Lead in CSP • California, Arizona and Nevada are leading states • The current CSP pipeline contains over 5,000 MW of projects
with signed PPAs
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CSP & CPV Forecast
Installations ForecastSource: SEIA/GTM Research Solar Market Insight, "2011 Year In Review"
© 2012 SEIA
U.S. PV Demand Forecast to Grow 53% in 2012 to Over 2.8 GW
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U.S. PV Installations Forecast
Annual Installations Q1 Q2 Q3 Q4 Projected InstallationsSource: SEIA/GTM Research Solar Market Insight, "2011 Year In Review"
© 2012 SEIA
Status of Market Diversity
California 29%
New Jersey 17%
Next Five States 34%
Rest of U.S. 20%
2011 PV Installations by Major Market State 2011 Annual Installations
2011 Ranking
California
542.2 1
New Jersey
313.3 2
Arizona
273.2 3
New Mexico
115.8 4
Colorado
90.8 5
Pennsylvania
87.9 6
New York
59.9 7
North Carolina
54.8 8
Texas
47.1 9
Nevada
43.6 10
© 2012 SEIA
SEIA’s 10 GW Goal Within Reach
• SEIA’s goal of 10 GW annually by 2015 is achievable, but additional policies are needed, including: – Policies to support financing of solar projects, such
as the Section 1603 Treasury Program – Long-term power purchase authority for federal
agencies – Development of alternative financing mechanisms – Removal of local barriers to solar deployment
© 2012 SEIA
PV Manufacturing Across the U.S.
© 2012 SEIA
Growing Importance of U.S. Solar Market
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14.00%
16.00%
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U.S. PV Installations and Global Market Share
U.S. PV Installations U.S. Global Market ShareSource: SEIA/GTM Research Solar Market Insight, "2011 Year In Review"
© 2012 SEIA
International PV Forecast
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2012E 2013E 2014E 2015E 2016E
Inst
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Annual Installed PV Capacity Projections
Germany Italy China U.S.Source: SEIA/GTM Research
© 2012 SEIA
SEIA Membership • SEIA is working to build a strong solar industry across
America • SEIA members receive the following benefits:
– Registration and exhibiting discounts at SEIA conferences and tradeshows
– Free registration for member webinars each month – Exclusive access to the SEIA solar tax manual – A free, optional listing in the SEIA member directory – Discounts on industry reports – Job postings – Members-only access to the Small Business Resource
Center, a set of tools to help small businesses grow • To join, visit: http://www.seia.org/cs/join_seia. • For more information, email [email protected].