GSLO: U.S. on Pace to Become World’s Largest Solar Market
May 31 2011 - 8:00AM
Business Wire
GoSolarUSA welcomed news from the Solar Energy Industries
Association (SEIA) this month that falling production costs are
helping to make solar energy one of the U.S.’s fastest-growing
industries.
On a conference call with reporters last week, SEIA President
and CEO Rhone Resch said that the cost of photovoltaic (PV) solar
systems dropped 20 percent last year thanks to a mix of emerging
technology efficiencies and strong federal support, including the
U.S. Department of Energy’s loan guarantee program and investment
tax credits. New lower PV prices will likely boost the domestic
solar market from last year’s total of 1,000 megawatts of new
capacity installed in 2010 to 2,000 megawatts this year, Resch
said.
If trends continue, the U.S. could be the world’s largest solar
market within a few short years.
“New innovations and government incentives have helped our
industry achieve amazing growth in the last two years, even in the
midst of a major recession,” said GSLO President and CEO Tyson
Rohde. “It’s an achievement that highlights the growing hunger in
this country for green energy solutions as well as the ingenuity of
American businesses.”
2010 was a banner year for the domestic solar industry, with the
industry’s total market value ballooning to $6 billion. Today,
about 100,000 people are working in the U.S. solar industry, a
figure SEIA says could double by 2013.
GoSolarUSA is poised to grow along with the industry. Last week,
GSLO announced that an agent for the company met with Houston City
Councilman Jarvis Johnson regarding possible green energy solutions
for municipal properties in his district. GSLO has targeted Houston
for new business opportunities due to the city’s great potential
for large-scale solar energy developments. Johnson’s District B
includes several large municipal properties well-suited for
renewable energy projects such as solar panel installations.
“More and more cities in the Sun Belt are beginning to recognize
what a smart investment solar projects can be,” Rohde said.
“Photovoltaic installations carry the potential not only to slash
utility costs and improve quality of life, but create jobs, as
well.”
GoSolarUSA aggressively acquires, develops and markets the most
promising and potentially profitable green technology available.
The GoSolarUSA mission is to manifest cutting-edge solar technology
and manufacturing advances to successfully compete in a global
marketplace, which includes ReneSola Ltd. (NYSE: SOL), Trina Solar
Ltd. (NYSE: TSL), Suntech Power Holdings Co. Ltd. (NYSE: STP) and
First Solar Inc. (NASDAQ: FSLR).
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy
technologies in the United States. We believe this not only creates
high-quality jobs in America, but also ensures the quality and
availability of our products. GSLO is endeavoring to advance clean
American solar technology to compete in the global energy industry.
GoSolarUSA is a U.S. registered and reporting OTCQB market tier
company.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“should,” “plans,” “believes,” “expects,” “aims,” “anticipates” or
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the company to
differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone's
past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above and the company assumes no responsibility to update the
information included herein for events occurring after the date
hereof.
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