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PV is a Booming Industry Costs are coming down due to innovation.

PV is a Booming Industry Costs are coming down due to innovation. 40% y/y growth for more than last decade. > 67 GW of PV installed world-wide at the end of 2011. Grid parity is here Today in some part of the country. PV competes with entrenched, heavily subsidized.

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PV is a Booming Industry Costs are coming down due to innovation.

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  1. PV is a Booming Industry • Costs are coming down due to innovation. • 40% y/y growth for more than last decade. • > 67 GW of PV installed world-wide at the end of 2011. • Grid parity is here Today in some part of the country. • PV competes with entrenched, heavily subsidized. • Ohio’s core competencies are ideally suited to this industry.

  2. The Scene in US and Ohio • In 2009, US supply was 4.0 million GWhr of electricity. • Cost; $400 Billion at average of $0.1/kWhr. • Coal accounts for 50% of the nation’s electricity. • PV electricity accounts for only ~0.1%. • Coal accounts for 85% of Ohio’s electricity supply. • Ohio is 2nd in the nation in PV manufacturing. • Ohio has ~23 GW of coal-fired electricity capacity. • ~ 4,300 employees in 114 coal plants. • ~ 2,400 workers are Ohio miners. • ~ 70% of coal is imported; $1.5 Billion in 2008. • Ohio has ~ 5000 direct jobs related to PV now. • SEIA predicts more than 32,438 jobs by 2016 if State support continues for this part of our economy.

  3. Parity: Coming to a Grid Near YOU! Costof solar; decreases by 7%/yr Grid electricity; price increases by 2%/yr 2012 2020 Grid Parity delayed by only two years without 30% Federal Tax Credit http://energyselfreliantstates.org/content/re-mapping-solar-grid-parity-incentives

  4. Jobs, Jobs, Jobs, and more Jobs • Science - Research and Development. • Engineering - New systems, improve existing technologies • Manufacturing - Equipment, substrates, panels, etc. • Construction - Power plants, manufacturing facilities. • Installation - Electricians, plumbers, roofers. • 1 MW of PV installed; 10‐15 manufacturing jobs, 8‐15 installation jobs and 0.3 maintenance jobs. • 10X in comparison to conventional energy jobs. • As of August 2011, annual growth rate for solar jobs was 10X the overall average job grow rate (6.8% versus 0.7%) Data from Louw et al., 2010; Peters, 2010; Hamilton, 2011, and ; TSF_JobsCensus2011_Final_Compressed.pdf produced by the Solar Foundation Graphic from; TSF_JobsCensus2011_Final_Compressed.pdf

  5. Subsidies • “PV industry cannot continue without subsidy.” • Direct Federal subsidies to Conventional and Solar power have become “comparable” only recently; $1.4 B for Coal, $2.8 B for Natural Gas, $2.5 B for Nuclear Power, $1.1 B for Solar. • In 2006, the subsidy to coal was 7 times larger than the subsidy to Solar. • Conventional energy production technologies enjoy other, indirect subsidies; Recent study by Epstein et al. concluded costs would be 2x to 3x higher if externalized costs were included. Data for FY 2011 http://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf) Epstein et al., Ann. N.Y. Acad. Sci. 1219 (2011) 73–98 c 2011

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