GSLO: U.S. on Pace to Become World’s Largest Solar Market

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.

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