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Solar Power Economic Context, 2009-2010 The Credit Crunch and Solar Projects  Prepared and presented by Richard D. Hastings, CCE Consumer Strategist, Global Hunter Securities, LLC rhastings@ghsecurities.com  1.949.335.0686 Image source: Wikipedia, copyright free. The Pantheon, Rome, Italy August 2009 – Credit Management Association
Disclaimers ,[object Object]
Hot Solar Trends – August 2009 ,[object Object],[object Object],[object Object],[object Object]
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Construction, Commercial Space and Recent Trends in Solar Energy Output
Total Renewable Energy Consumption, 1973-2009
Infrastructure – New Power Construction, 2002-2009
Large-scale PV Plants, By Country, By Year Source: www.PVresearces.com.  (PVresources considers these to be conservative estimates)
Residential Solar/PV Consumption, 1990-2009
Wind Energy and Electricity: 2000-2009
Electric Power Use of Solar Energy, 2002-2009
Solar Thermal: The European Market Source: European Solar Thermal Industry Federation. www.estif.org
Solar Thermal: Germany and Spain Source: European Solar Thermal Industry Federation. www.estif.org
Credit Market Trends: Loan Activity and Delinquencies
Loan Delinquencies, All Loans, 1987-2009
Lease and A/R Loans, Delinquencies: 1987-2009
Lease and A/R Loans, Delinquencies: 1987-2009
Loan Conditions Remain Difficult
But Bond Yields Are Improving, Quickly
Fiscal Trends: State and National Taxes, and the Residential Situation
State Tax Receipts Hit By Consumer Cutback
Why Taxes Will (Eventually) Go Up Source: Associated Press
Federal Spending and Federal Tax Credits:  What? Source: The Heritage Foundation.  www.heritage.org ;
Residential Sector Weakness: Foreclosures Q2
No Equity? What About Credit?
Reference: The Emergency Economic Stabilization Act of 2008 and Renewal of Solar Investment Tax Credits
2008 Investment Tax Credit Renewal: Key Items ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ITC Program Expanded ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Costs of Certain Program Components Source: Solar Energy Industries Association Program Estimated Cost Extension of Tax Credits $1.942 billion over 10 years Residential Energy-Efficient Property Credit $1.294 billion over 10 years Clean Renewable Energy Bonds $267 million over 10 years All clean energy programs, including solar, wind, and waves and tides among others $5.817 billion over 10 years Tax credits for AMT filers $61.87 billion over 10 years R & D credits $19.084 billion over 10 years
About Global Hunter Securities, LLC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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