Solar Energy Trade Reports Are Bright
According to a new report, U.S. Solar Energy Trade Assessment 2011, prepared for SEIA, the production of solar products and installations making significant strides. Here are some key findings:
- The U.S. is a significant net exporter of solar energy products with total net exports of $1.9 billion in 2010.
- The U.S. is a net exporter to China by more than $240 million.
- The largest solar energy export product is polysilicon, the feedstock for crystalline silicon photovoltaics, of which the U.S. exported $2.5 billion in 2010.
- The second largest solar energy export product is PV capital equipment, the manufacturing equipment for PV products, of which the U.S. exported $1.4 billion in 2010.
- The largest solar energy import product is the PV module, of which the U.S. imported $2.4 billion in 2010.
- The number of U.S. solar energy installations in 2010 created a combined $6.0 billion in direct value, of which $4.4 billion (74%) accrued to the U.S.
- 82% ($3.6 billion) of the domestic value created by solar in the U.S. came from the PV sector
- 9% ($419 million) came from the concentrating solar sector
- 9% ($400 million) came from the solar heating and cooling sector
For more, view the first quarter solar market insight report.