2009 Supplemental Charts for Solar Industry Year in Review

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    U.S. Solar Industry Year in Review 2009Supplemental Charts

    For the full version of this report, visit www.SEIA.org.

    For more information or comments about data in this report, email [email protected]. For press inquiriescontact SEIAs communications team, Monique Hanis or Jared Blanton.

    Updated 5/12/2010

    http://www.seia.org/mailto:[email protected]:[email protected]://www.seia.org/
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    Annual Growth of U.S. Solar Energy Capacity Additions

    Electric CAGR*

    2000-2005: 39% 2006-2009: 49%

    * Electric includes PV and CSP (including off-grid PV)** Thermal includes solar water heating, solar pool heating, space heating and space cooling.

    Thermal CAGR**

    2000-2005: 14% 2006-2009: -8%

    (Decline reflects droop in solar poolheating.)

    -

    200

    400

    600

    800

    1,000

    1,200

    2000200120022003200420052006200720082009

    MW-th

    Solar Thermal Collector Shipments

    Water Heating Pool Heating

    -

    100

    200

    300

    400

    500

    600

    2000200120022003200420052006200720082009

    Solar Electric Installations

    PV CSP

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    Steady Growth of U.S. Solar Energy Capacity

    Electric CAGR*

    2000-2005: 12% 2006-2009: 28%

    * Electric includes PV and CSP (including off-grid PV)** Thermal includes solar water heating, solar pool heating, space heating and space cooling.

    Thermal CAGR**

    2000-2005: 5% 2006-2009: 4%

    (Decline reflects drop in solar poolheating.)

    494

    2,108

    -

    500

    1,000

    1,500

    2,000

    2,500

    MW

    Cumulative Solar Electric Capacity

    15,870

    23,835

    -

    5,000

    10,000

    15,000

    20,000

    25,000

    30,000

    MW-th

    Cumulative Solar Thermal Shipments(Heating and Cooling)

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    The Solar Industry Employed 46,000 Americans in 2009

    SEIA estimates that 24,000 people were directly employed in the U.S. solar energy business in 2009. An additional 22,000 people worked for companies that supply services and materials needed by the

    solar industry.

    Solar supported an additional 33,000 induced jobs in 2009. (Induced jobs are the result of the broadereconomic activity attributable to the solar industry.)

    In sum, the U.S. solar industry supported 79,000 jobs in 2009, 17,000 more than the 62,000 jobssupported in 2008.

    9,000 13,00019,000

    24,0008,00011,000

    17,000

    22,000

    12,000

    17,000

    26,000

    33,000

    -

    10,000

    20,000

    30,000

    40,000

    50,000

    60,000

    70,000

    80,000

    90,000

    2006 2007 2008 2009

    Jobs(FTE)

    Estimated U.S. Solar Energy Industry Employment

    Induced

    Indirect

    Direct

    SEIA Estimate 4/07/2010

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    Estimated U.S. Solar Energy Industry Revenue

    SEIA estimates that totalU.S. solar industryrevenue grew 36 percentfrom 2008 to 2009.

    $1.4 billion in venturecapital also flowed to thesolar industry in 2009.*

    $-

    $500

    $1,000

    $1,500

    $2,000

    $2,500

    $3,000

    $3,500

    $4,000

    $4,500

    2006 2007 2008 2009

    Millions

    Estimated U.S. Solar Industry Revenue

    * Greentech Media http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/

    http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/http://www.greentechmedia.com/articles/read/green-vc-total-second-best-year-ever/
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    New Grid-Tied Solar Electric Installations in 2009

    250.3

    0.1

    23.2

    HI: 13.5

    0.1

    35.9

    DC: 0.3

    DE: 0.7

    CT: 8.7

    22.9 MD: 2.5

    0.3

    0.1

    0.1

    0.6

    0.3

    NJ: 57.3

    MA: 9.5

    VT: 0.6

    RI: 0.6

    NH: 0.1

    2.5

    0.2

    0.1

    0.1

    0.9

    0.5

    7.9

    12.1

    1.4

    3.8

    0.5

    3.4

    6.3

    0.1

    2.2

    1.8

    0.3

    0.2

    441 MW new grid-tied PV and CSP installed in the U.S. in 2009

    0.2

    0.2

    0.1 to 1 MW

    1 to 5 MW

    5 to 10 MW

    10 to 25 MW

    25 to 50 MW

    More than 50 MW

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    Cumulative Grid-Tied Solar Electric Capacity at the end of 2009

    1,101.6

    0.1

    49.5

    HI: 27.0

    0.2

    38.9

    DC: 1.0

    DE: 2.5

    CT: 19.7

    58.6 MD: 5.6

    0.3

    0.1

    0.1

    3.4

    0.7

    NJ: 127.5

    MA: 17.7

    VT: 1.7

    RI: 0.6

    NH: 0.1

    100.4

    0.9

    0.2

    0.1

    1.9

    1.9

    12.6

    33.9

    2.4

    8.3

    0.9

    7.3

    14.0

    0.1

    5.3

    4.8

    0.6

    0.4

    1,678 MW cumulative grid-tied PV and CSP in U.S. at end of 2009

    0.4

    0.4

    0.1 to 1 MW

    1 to 5 MW

    5 to 10 MW

    10 to 25 MW

    25 to 50 MW

    More than 50 MW

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    State Grid-Tied Solar Electric Capacity Rankings

    2009 Installations (W per Capita)

    1 Hawaii 10.42 New Jersey 6.63 California 6.04 Colorado 4.65 Arizona 3.56 Connecticut 2.57 Florida 1.98 Oregon 1.69 Massachusetts 1.4

    10 Vermont 1.0National

    Average 1.4*

    2009 Cumulative (W per Capita)

    1 Nevada 38.02 California 29.83 Hawaii 20.84 New Jersey 14.65 Colorado 11.76 Arizona 7.57 Connecticut 5.68 Oregon 3.79 Delaware 2.8

    10 Vermont 2.7National

    Average 5.4*

    New Capacity in 2009 Cumulative Capacity in 2009

    Megawatts

    WattsperCapita

    Top 10 states ranked

    four ways:

    California isnt always

    the leader.

    Hawaii and New Jerseylead in per-capitainstallations in 2009.

    Nevada has mostcumulative capacity per

    capita.

    * State rankings do not include off-grid estimates. Includes PV and CSP.

    2009 New Capacity (MW)1 California 2202 New Jersey 573 Florida 364 Arizona 235 Colorado 236 Hawaii 147 New York 128 Massachusetts 109 Connecticut 9

    10 North Carolina 8Other 29Total 441*

    2009 Cumulative Capacity (MW)1 California 1,1022 New Jersey 1283 Nevada 1004 Colorado 595 Arizona 506 Florida 397 New York 348 Hawaii 279 Connecticut 20

    10 Massachusetts 18Other 78Total 1,653*

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    100,000 PV Systems Installed in 10 Years

    Over 29,000 homesadded PV in 2009,73% more than 2008.

    Over 2,200businesses, non-profits and schoolsadded PV in 2009, up17% from 2008

    2000 2001 2002 2003 2004 2005 2006 2007 20082009

    p

    Utility 19 24 22 25 17 4 2 2 19 143

    Non-Residential 162 93 269 498 870 1,062 1,128 1,463 1,943 2,275

    Residential 507 1,748 3,183 4,085 5,980 6,652 8,445 13,132 17,008 29,418

    Total 688 1,865 3,474 4,608 6,867 7,718 9,575 14,597 18,970 31,836

    0

    5,000

    10,000

    15,000

    20,000

    25,000

    30,000

    35,000

    NumberofSystems(Grid-Tied)

    Number of New PV Systems Installed

    * "Utility sector refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid , rather than primarily serving on-siteuse. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customerproperty that connect to the grid on the utility side of the meter.

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    Cumulative Grid-Tied PV Capacity Passes the 1 GW Mark

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009p

    Utility 0 3 6 9 11 12 12 21 43 109

    Non-Residential 2 5 14 41 73 124 190 292 503 710

    Residential 1 6 17 33 57 84 122 180 258 414

    Total 18 29 52 97 155 234 339 508 819 1,248

    -

    200

    400

    600

    800

    1,000

    1,200

    1,400

    M

    W-dc

    Cumulative Grid-Tied PV Capacity

    * "Utility sector refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid , rather than primarily serving on-siteuse. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customerproperty that connect to the grid on the utility side of the meter.

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    Growth in Grid-Tied PV Capacity Additions

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    Residential 448% 105% 39% 57% 13% 38% 55% 33% 101%

    Non-Residential 27% 226% 191% 18% 62% 31% 51% 109% -2%

    Utility 514% -22% 36% -40% -65% -68% 4205% 145% 196%

    Total 204% 102% 101% 27% 37% 32% 61% 84% 38%

    -100.00%

    -50.00%

    0.00%

    50.00%

    100.00%

    150.00%

    200.00%

    Year-Over-Year Change in Installations by Capacity Large increases

    in bothResidential andUtility Sectors*due, in part, toimproved ITC

    Non-residentialsector held backby economy anddelay in TGP

    startup

    * "Utility sector refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid , rather than primarily serving on-siteuse. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customerproperty that connect to the grid on the utility side of the meter.

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    Grid-Tied PV Capacity Additions

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009p

    Utility 0 3 2 3 2 1 0 9 22 66

    Non-Residential 2 3 9 27 32 51 67 101 211 207Residential 1 5 11 15 24 27 38 59 78 156

    Total 4 11 23 45 58 79 105 169 311 429

    -50

    100150200250300

    350400450500

    MW-dc

    Grid-Tied PV Installations

    2000 2001 2002 2003 2004 2005 2006 2007 20082009

    p

    Utility 13% 27% 10% 7% 3% 1% 0% 5% 7% 15%

    Non-Residential 60% 25% 41% 59% 55% 65% 64% 60% 68% 48%

    Residential 27% 48% 49% 34% 42% 35% 36% 35% 25% 36%

    0%20%40%

    60%80%

    100%

    SharebyAnnual

    CapacityAdditions

    Grid-Tied PV Market Segments

    Grid-tied annual

    growth from 2000-2009: CAGR = 69%

    Shifting demand ineach marketsegment.

    Notable increase inresidential marketshare in 2009.

    Utility sector* nearlytripled in annual

    MW from 2008.

    * "Utility sector refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid , rather than primarily serving on-siteuse. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customerproperty that connect to the grid on the utility side of the meter.

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    Larger PV Systems to Meet Increasing Electricity Demand

    Residential systemshave gotten largerevery year for thelast decade.

    Commercial systemsizes are on anupward trend.

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    Residential 1.9 3.1 3.5 3.7 4.0 4.1 4.5 4.5 4.6 5.3

    Non-Residential 13.7 30.4 34.2 53.8 36.3 48.1 59.2 69.1 108.8 91.0

    Utility 25.6 124.2 105.1 126.1 111.8 167.5 105.5 4,542. 1,171. 460.1

    All 5.4 6.0 6.5 9.8 8.4 10.2 10.9 11.6 16.4 13.5

    -

    10.0

    20.0

    30.0

    40.050.0

    60.0

    70.0

    80.0

    90.0

    100.0

    kW-dc

    Average Grid-Tied PV System Size

    * "Utility sector refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid , rather than primarily serving on-siteuse. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customerproperty that connect to the grid on the utility side of the meter.

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    New Grid-Tied PV Installations in 2009

    0.1 to 1 MW

    1 to 5 MW

    5 to 10 MW

    10 to 25 MW

    25 to 50 MW

    More than 50 MW

    210.3

    0.1

    23.2

    HI: 11.5

    0.1

    35.9

    DC: 0.3

    DE: 0.7

    CT: 8.7

    22.9 MD: 2.5

    0.3

    0.1

    0.10.6

    0.3

    NJ: 57.3

    MA: 9.5

    VT: 0.6

    RI: 0.6

    NH: 0.1

    2.5

    0.2

    0.1

    0.1

    0.9

    0.5

    7.9

    12.1

    1.4

    3.8

    0.5

    3.4

    6.3

    0.1

    2.2

    1.8

    0.3

    0.2

    429 MW new grid-tied PV installed in the U.S. in 2009

    0.2

    0.2

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    Cumulative Grid-Tied PV Capacity at the end of 2009

    0.1 to 1 MW

    1 to 5 MW

    5 to 10 MW

    10 to 25 MW

    25 to 50 MW

    More than 50 MW

    738.6

    0.1

    48.5

    HI: 25.0

    0.2

    38.9

    DC: 1.0

    DE: 2.5

    CT: 19.7

    58.6 MD: 5.6

    0.3

    0.1

    0.13.4

    0.7

    NJ: 127.5

    MA: 17.7

    VT: 1.7

    RI: 0.6

    NH: 0.1

    36.4

    0.9

    0.2

    0.1

    1.9

    1.9

    12.6

    33.9

    2.4

    8.3

    0.9

    7.3

    14.0

    0.1

    5.3

    4.8

    0.6

    0.4

    1,248 MW cumulative grid-tied PV in U.S. at end of 2009

    0.4

    0.4

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    Average Installed Cost of PV

    In 2009, PVModule prices fell40 percent.

    Average moduleprice per watt inmid-2008 was

    $3.50-4.00.* Average module

    price per watt atthe end of 2009was $1.85-2.25.*

    This is beginningto help bring downthe installed cost.

    $4.00

    $5.00

    $6.00

    $7.00

    $8.00

    $9.00

    $10.00

    2005 2006 2007 2008 2009

    $/W

    -dc

    Average PV Installed Cost

    00-03 kW

    03-05 kW

    05-10 kW

    10-20 kW

    20-500 kW

    500-100000 kW

    Total

    SEIA, OpenPV**

    * Paula Mints, Navigant Consulting, Inc.** Capacity-Weighted Average. Data from OpenPV.nrel.gov downloaded 3/30/10.

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    CSPs Nearly 3 Decades of Experience

    CSP Plants have been in continuous operation in the U.S. since1982.

    The U.S. has more total CSP capacity than any other country.

    1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    Annual - 10 - - 14 20 60 30 60 80 80 - - - - 10 - - - - (10) - - - - 1 64 - 12

    Cumulative - 10 10 10 24 44 104 134 194 274 354 354 354 354 354 364 364 364 364 364 354 354 354 354 354 355 419 419 431

    (100)

    -

    100

    200

    300

    400

    500

    (20)

    -

    20

    40

    60

    80

    100

    C

    umulative(MWac)

    Annual(MWac)

    CSP Capacity

    Solar Two

    Nevada Solar One

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    PV Module Manufacturing by Country

    U.S. was largest PV

    manufacturer in 1980s. Both demand and supply

    have grown faster abroad.

    U.S. still has enoughmanufacturing capacity to

    meet all domestic demand. U.S. PV module

    production grew 7% from2008 to 2009.

    U.S. solar industry

    engages in 2-way trade. Exports, cells, modules

    and materials

    -

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    2004 2005 2006 2007 2008 2009

    MW-dc

    Global PV Module Supply

    ROW

    Europe

    Japan

    U.S.

    Source: Paula Mints,

    Navigant Consulting, Inc.

    38% Chinaand Taiwan

    7% USA

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    Global Solar Electric Capacity

    -

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    16,000

    18,000

    20,000

    -

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    8,000

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    Cum

    ulativeGlobalCapacity(MW)

    AnnualCapacityAdditions(MW)

    Global Solar Electric Capacity

    ROW

    United States

    Korea

    Japan

    Italy

    France

    Spain

    Germany

    Czech Republic

    Cumulative Global Capacity

    Global solar electric capacity has passed 21 GW.

    Germany has nearly half the cumulative global capacity.

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    International Solar Electric Capacity Rankings

    2009 New Capacity (MW)1 Germany 3,8002 Italy 7003 Japan 4844 United States 481*5 Czech Republic 4116 Belgium 2927 France 2858 Spain 1809 China 125

    10 Korea 100Total 6,932**

    2009 Cumulative Capacity (MW)1 Germany 9,6772 Spain 3,5953 Japan 2,6284 United States 2,108*5 Italy 1,1586 Czech Republic 4657 France 4658 Korea 4589 Belgium 362

    10 China 125Total 21,537**

    2009 New Capacity (W per Capita)1 Germany 46.22 Czech Republic 40.23 Belgium 28.04 Italy 12.05 France 4.46 Spain 4.47 Japan 3.88 Canada 2.29 Korea 2.1

    10 United States 1.6*Average 2.8**

    2009 Cumulative (W per Capita)1 Germany 117.52 Spain 88.73 Czech Republic 45.54 Belgium 34.85 Japan 20.76 Italy 19.97 Korea 9.48 France 7.39 United States 6.9*

    10 Portugal 6.4Average 8.7**

    New Capacity in 2009 Cumulative Capacity in 2009

    Megawatts

    WattsperC

    apita

    Top 10 countriesranked four ways:

    U.S. does well onmeasures of capacity.

    U.S. is doing less than

    other countries on aper capita basis.

    * Country rankings include off-grid estimates for U.S..** Includes estimates for several other countries; not a global figure.

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    CSP Getting Ready to Take Off

    Dozens of CSP projects totaling over 10,500 MW are nowunder development.

    The U.S. has more operating CSP capacity than any othercountry.

    In Operation

    432 MW

    UnderConstruction

    81 MW

    Under

    Development

    10,583 MW

    CSP Project Pipeline by Status

    SEIA, 2/19/10

    CPV

    2%Dish-engine

    21%

    Linear Fresnel

    0%

    Tower

    21%

    Trough56%

    CSP Project Pipeline by Technology

    SEIA, 2/19/10

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    Precedent for Rapid Expansion

    The overall growth in theelectric power sector

    shows the ability torapidly ramp up capacity.

    In 1998 the entire U.S.added less than 3 GW of

    new capacity

    In 1999: 11 GW

    In 2000: 31 GW

    In 2001: 46 GW

    In 2002: 69 GW

    Annual installationsincreased 25x in 5 years

    0

    50,000

    100,000

    150,000

    200,000

    250,000

    300,000

    350,000

    U.S. Power Plant Additions by Decade

    Wind

    Solar

    Petrolium

    Other

    Nuclear

    Hydro

    Gas

    Coal

    SEIA, EIA Form 860

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    Natural Gas Sets Precedent for Rapid Expansion

    Natural gas plants construction jumped from 2.1 GW in 1998 to 66.4GW in 2002 (CAGR of 136%).

    From 1990 to 2002, new natural gas plant construction grew an averageof 23% per year.

    Since 2006, solar installations have averaged 49% annual growth.

    0

    10,000

    20,000

    30,000

    40,000

    50,000

    60,000

    70,000

    U.S. Natural Gas Plant Additions

    Source: EIA Form 860

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    Steady Growth Over Ten Years

    -

    5,000

    10,000

    15,000

    20,000

    25,000

    -

    500

    1,000

    1,500

    2,000

    2,500

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009p

    Pool(M

    W-th)

    SWH(M

    W-th)

    Cumulative Solar Thermal Capacity

    SWH Pool

    CAGR 2000-2009

    Total: Solar Water Heating:

    Solar Pool Heating:

    CAGR 2006-2009

    Total: Solar Water Heating:

    Solar Pool Heating:

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    Solar Heating and Cooling Annual Shipments

    2000 2001 2002 2003 2004 2005 2006 2007 20082009

    p

    Water Heating 24 18 28 34 30 42 76 93 133 147

    Pool Heating 511 702 720 702 887 978 999 785 776 699

    -

    200

    400

    600

    800

    1,000

    1,200

    MW-th

    Solar Thermal Collector Shipments

    Source: EIA, SEIA*

    * Water heating figures include collectors for combined water heating and space heating applications.

    CAGR 2000-2009

    Total: 5% Solar Water Heating: 22%

    Solar Pool Heating: 4%

    CAGR 2006-2009

    Total: -8% Solar Water Heating: 25%

    Solar Pool Heating: -11%

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    Solar Heating and Cooling Shipments

    Florida, California and Arizona remained the top 3 destinationsfor solar thermal collectors through 2008.

    Florida

    35%

    California

    26%

    Arizona

    6%

    Hawaii5%

    Oregon

    3%

    New York

    3%

    Illinois

    3%

    Other

    19%

    Destination of Solar Thermal Collector Shipments in

    2008

    Source: EIA, SEIA

    Florida

    34%

    California

    29%

    Arizona

    6%

    New Jersey

    4%

    Hawaii

    3%

    Illinois

    3%

    New York

    3%

    Oregon

    2%

    Connecticut

    2%

    Nevada

    2%

    Other

    12%

    Cumulative Shipments by Destination (2003-2008)

    Source: EIA, SEIA

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    Solar Thermal (Heating and Cooling) Market in 2009:Solar Water Heating

    Solar water heatershipments managedslight growth.

    Starting in 2009, the$2,000 cap on the ITCfor residential solar waterheater installations was

    removed. -

    20

    40

    60

    80

    100

    120

    140

    160

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    MW-th

    Solar Water Heater Collector Shipments*

    * Data for 2009 is an estimate. Data for 2000-2008 is from EIA.

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    Versatile Technology: Solar Thermal Collectors Many Uses

    After poolheating, waterheating remainsthe dominateapplication of

    solar thermalcollectors.

    Space heatinghas huge

    potential.

    2000 2001 2002 2003 2004 2005 2006 2007 2008

    Process Heating 1 2 0 2 0 0 0 2 3

    Combined Space and Water

    Heating0 1 1 1 1 1 4 5 10

    Space Cooling 0 0 0 0 0 0 0 1 1

    Space Heating 6 5 9 5 1 15 21 12 12

    Hot Water 24 18 28 33 29 42 74 91 129

    0

    20

    40

    60

    80

    100

    120

    140

    160

    180

    MW-th

    Shipments of Solar Thermal Collectors by End-Use

    (Excluding Pool Heating)

    Source: EIA, SEIA

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    Solar Thermal (Heating and Cooling) Market in 2009:Solar Pool Heating

    Solar pool heating hassuffered with thebroader housingindustry.

    Solar energy systemsused to heat pools arenoteligible for thefederal ITC.

    -

    200

    400

    600

    800

    1,000

    1,200

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

    MW-th

    Solar Pool Heater Collector Shipments*

    * Data for 2009 is an estimate. Data for 2000-2008 is from EIA.

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    Energy Cost Comparison

    Solar is increasingly competitive with traditional generation technologies

    Almost always less expensive than new peaking plants

    Increasingly less expensive than new baseload

    $57

    $71

    $105

    $97

    $197

    $129

    $87

    $109

    $153

    $140

    $149

    $352

    $206

    $196

    $250 $300

    $0 $50 $100 $150 $200 $250 $300 $350 $400

    Gas Combined Cycle

    Coal

    Nuclear

    IGCC

    Gas Peaking

    Concentrating Solar Power

    Photovoltaic

    Levelized Cost of Energy ($/MWh)

    Lazard (2009)

    Severance (2009)

    Lazard "Levelized Cost of Energy Analysis - Version 3.0" June 2009

    Severance, C. "Business Risks and Costs of New Nuclear Power" January 2009

    Lazard "Levelized Cost of Energy Analysis - Version 3.0" June 2009

    Severance, C. "Business Risks and Costs of New Nuclear Power" January 2009

    Solar Range

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    Treasury Grants Awards as of April 20, 2010

    $3 billion in grants to date

    Over $10 billion in project value

    497 projects

    Solar

    5%

    Wind

    86%

    Geothermal

    5%

    Biomass

    3%

    Landfill

    1%Other

    0%

    Treasury Grant Awards(by Value)

    As of 4/20/10

    Solar

    78%

    Wind

    11%

    Geothermal

    2%

    Biomass

    2%

    Landfill

    1%

    Other

    6%

    Treasury Grant Awards(by Number of Projects)

    As of 4/20/10

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    Treasury Grant Awards for Solar Projects as of April 20, 2010

    $156 million in grants for solar projects

    386 solar project

    Solar Electric Only

    Solar Thermal Only

    Solar Electric and Thermal

    HI: 8,$500k

    DE: 8,$529k

    CT:10,$5m

    MD: 10,$2m

    NJ: 47, $25m

    MA: 29,$5m

    VT: 2,$40k

    1

    $18k

    1$23k

    3$172k

    3$600k

    4$65k

    10$200k

    24$45m

    4$1 m

    1$6k

    3$52k

    2$14k

    3$64k

    4$202k

    17$943

    5$125k

    19

    $1m

    2$23 k

    1$ 4k

    38$ 7 m

    1$59 k

    16$600k

    18$2 m

    1$20k

    17$942 k

    13$863 k

    60$53 m

    Number ofprojects

    Value ofgrants

    Projects value over $500 million

    34 states + Puerto Rico

    PR: 2, $600k

    13$673k

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    Manufacturing Tax Credit Awards for Solar Manufacturing

    $1.156 billion in credits for solar projects

    61 new or upgraded facilities

    Less than $10 million

    $10 million to $100 million

    More than $100 million

    DE: 1,$50 m

    CT: 1, $0.8 m

    NJ: 1, $1.1 m

    MA: 2, $4.2m

    3$15 m8

    $238 m

    Number offacilities

    Value ofcredits

    Projects value over $3.8 billion

    At least 21 States

    1

    $0.9 m

    1$5.7 m

    1$20 m

    6$30 m

    1$5.9 m

    2$36 m

    6$213 m

    5$5.1 m

    NH: 1, $2 m1$155 m

    4$105 m

    2$130 m

    7

    $62 m3$53 m

    1$0.6 m

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    State RES Solar and DG Carve-Out Requirements

    State RES carve-outs will set the baseline demand for solarover the next 15 years.

    154

    396

    292 309359

    1,062

    419

    503

    663698 706

    664624 614

    656

    745

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    0

    200

    400

    600

    800

    1,000

    1,200

    2010 2015 2020 2025

    Solar Capacity Required to Meet State RES Carve-OutsNJ

    IL

    MD

    AZ

    OH

    PA

    NM

    MA

    CO

    NC

    NV

    DE

    MO

    DC

    NH

    OR

    NY

    Annual Capacity(left axis)

    CumulativeCapacity(right axis)

    AnnualSolarAdditio

    ns(MWac)

    C

    umulativeSolarCap

    acity(MWac)

    Source: LBNL

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    Whats a Watt?

    One megawatt of solar power capacity can provide 1,300 to 2,500 MWh (1.3 to 2.5million kWh) of electricity per year, enough to supply 120 to 220 average Americanhomes.

    Watt (W): A watt is a unit of power (like horsepower used to measure engines) thatmeasures the rate of flow of energy. Solar equipment is often measured in peak watts ormaximum power output rating. 1 W = 1 joule/second. (A joule is a unit of energy equal to0.24 calories.)

    Kilowatt (kW): 1 kW = 1,000 W or 1.34 horsepower.

    Megawatt (MW): 1 MW = 1,000 kW = 1,000,000 W.

    Gigawatt (GW): 1 GW = 1,000 MW = 1 million kW = 1 billion W

    Kilowatt-hour (kWh): A kilowatt-hour is a unit of energy necessary to provide 1 kW ofpower for 1 hour. 1 kWh can power a 100-W light bulb for 10 hours. The averageAmerican household uses 936 kWh of electricity per month.(EIA, http://www.eia.doe.gov/cneaf/electricity/esr/table5.html )

    Watt-thermal (Wth): Solar thermal systems (water heating, pool heating, etc.) do notprovide power but instead provide thermal energy or heat. However, to roughly comparesolar thermal capacity to solar electric capacity, thermal capacity is reported in watts-thermal by treating one square meter of collector area as equivalent to 700 watts of solarelectric capacity.

    http://www.eia.doe.gov/cneaf/electricity/esr/table5.htmlhttp://www.eia.doe.gov/cneaf/electricity/esr/table5.html