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BY Tali Aaron : April 29

U.S. Solar Industry had Successful 2009, according to study

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Despite the economic climate, the solar industry made significant advances in 2009, as consumers and companies invested heavily in renewable energy. The price of PV modules fell 40% last year, lowering the cost per watt from $3 - $4 per watt to $1.85 - $2.25 per watt. In addition, the total number of installed solar units grew by 37 percent. Over 17,000 jobs in the U.S. alone have been created in the solar industry, with 46,000 Americans currently employed in solar related jobs with an expectation of topping out at 60,000 total solar employees by the end of 2010.

Venture Capital investments also skyrocketed, rising from $4 million in 2008 to $1.4 billion in 2009. The Solar Energy Industries Association (SEIA) concluded that "this signals huge optimism about near-term growth.” SEIA is anticipating even more gains in 2010 as the demand increases for commercial and residential rooftop installations completed in time to meet the December 31, 2010 deadline for the Treasure Grant Program. In fact, the variety of incentives at the state and federal level have been a big motivational factor in the switch to solar.

9 Responses to U.S. Solar Industry had Successful 2009, according to study

  1. buildaroo on July 30, 2011 at 10:09 am


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  2. buildaroo on April 24, 2011 at 1:24 pm


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  3. buildaroo on December 17, 2010 at 7:40 pm


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  4. buildaroo on October 28, 2010 at 12:16 am


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  5. [...] funding support for research and commercial applications as well as encouraging private-sector investments. As part of the funding announcement, Chu said, “These investments will help strengthen American [...]


  6. [...] the first quarter of 2010, analysts are predicting a downturn on future solar profit margins. The surge of 2009 sales was sparked in countries like Germany and Italy by federal programs offering healthy incentives for [...]

  7. Another Solar Mama on April 24, 2010 at 1:22 pm


    U.S. Solar Industry had Successful 2009, according to study ... http://bit.ly/9arwO0

  8. Green Job Spider on April 23, 2010 at 2:06 pm


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  9. greenbuzz on April 23, 2010 at 2:01 pm


    Despite the economic climate, the solar industry made significant advances in 2009, as… http://goo.gl/fb/uZ1IV

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