Discusses solar power in an economic context and the credit crunch in relation to solar projects.

1. 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

5. Construction, Commercial Space and Recent Trends in Solar Energy Output

6. Total Renewable Energy Consumption, 1973-2009

7. Infrastructure – New Power Construction, 2002-2009

8. Large-scale PV Plants, By Country, By Year Source: www.PVresearces.com. (PVresources considers these to be conservative estimates)

9. Residential Solar/PV Consumption, 1990-2009

10. Wind Energy and Electricity: 2000-2009

11. Electric Power Use of Solar Energy, 2002-2009

12. Solar Thermal: The European Market Source: European Solar Thermal Industry Federation. www.estif.org

13. Solar Thermal: Germany and Spain Source: European Solar Thermal Industry Federation. www.estif.org

14. Credit Market Trends: Loan Activity and Delinquencies

15. Loan Delinquencies, All Loans, 1987-2009

16. Lease and A/R Loans, Delinquencies: 1987-2009

17. Lease and A/R Loans, Delinquencies: 1987-2009

18. Loan Conditions Remain Difficult

19. But Bond Yields Are Improving, Quickly

20. Fiscal Trends: State and National Taxes, and the Residential Situation

21. State Tax Receipts Hit By Consumer Cutback

22. Why Taxes Will (Eventually) Go Up Source: Associated Press

23. Federal Spending and Federal Tax Credits: What? Source: The Heritage Foundation. www.heritage.org ;

24. Residential Sector Weakness: Foreclosures Q2

25. No Equity? What About Credit?

26. Reference: The Emergency Economic Stabilization Act of 2008 and Renewal of Solar Investment Tax Credits

29. 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