Report shows 2009 net solar exports topped $700 million
Earth & Industry: As reports that China has already won the the race for global domination in the clean energy sector dominate the news, a new study suggests that early reports of the demise of the U.S. solar industry may be greatly exaggerated.
The report, published this week by GTM Research, found U.S. net exports totaled $723 million in 2009 with U.S. solar installations creating $2.6 billion in direct value to support the U.S. economy. And as compared to the U.S. overall economy, the report shows that U.S. trade in the solar industry is more balanced than in the overall economy, which had a trade deficit of $374 billion in 2009.
“The U.S. imports and exports product from every continent. But in addition to being a major net exporter of solar energy products, the industry is creating significant wealth in the United States and jobs in all 50 states,” said Rhone Resch, President and CEO of Solar Energy Industry Association, the largest solar industry trade association in the U.S.