As America strives to achieve greater energy independence, more individuals, businesses and government groups are investing in solar energy.

In fact, the U.S. solar industry grew 67 percent from 2009 to 2010, making it the fastest-growing energy sector and one of the nation's fastest-growing industries, according to the Solar Energy Industries Association.

Total market value increased from $3.6 billion to $6 billion in 2010, largely driven by tax incentives and lower technology costs. Sales of photovoltaic panels (PV), in particular, experienced extraordinary growth.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.