The Soaring Growth of the U.S. Solar Energy Industry

THE SOARING GROWTH OF THE U.S. SOLAR ENERGY INDUSTRY.* THE HARTFORD *According to the SEIA's U.S. Solar Market Insight Solar power is the FASTEST-GROWING source of renewable energy in America. 2004 2014 as compared to INVESTMENT Cumulative investment in solar installations 2.6 71.1 billion billion HOMES Number of homes with a solar PV system 15,500 1 600,000 homes homes PRICE 73% Drop in average price of installed systems utility-scale systems since 2004 JOBS • Solar industry is adding workers nearly 20X faster than U.S. economy • 31,000 jobs created in 2014 • 86% job growth from 2010-2014 WHAT'S DRIVING SOLAR'S SOARING GR OWTH? 24 federal solar Investment Tax 30% Credit (ITC) for residential and commercial properties through 12/31/16 ↑ Market certainty f Long-term investments by solar companies f Competition and technological innovation ! Consumer costs Forward-looking public policies are working • Solar ITC • Net Energy Metering (NEM) Renewable Portfolio Standards (RPS) 9 10 Americans support solar energy out of LEVERAGE THE HARTFORD'S EXPERTISE IN RENEWABLE ENERGY 30+ 100 years of experience insuring renewable energy companies experienced and dedicated underwriters and risk engineers The Hartford is a leader in sustainability CLIMATE LEADERSHIP Dow Jones Sustainability Indexes AWARDS Member 2014/15 2015 Excelence in GHG Management (Gaal Setting) Certificate Recipient To learn more about The Hartford's solutions for solar power companies, visit THEHARTFORD.COM/RENEWABLE. THE HARTFORD Prepare. Protect. Prevail. Business Insurance Employee Benefits SOURCE: Solar Energy Industries Association (SEIA) 2015 "Solar Energy in the United States: A Decade of Record Growth" Auto Home The Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing companies, Hartford Fire Insurance Company, Hartford Life Insurance Company and Hartford Life and Accident Insurance Company. Its headquarters is in Hartford, CT. 15-0632 © July 2015 The Hartford Financial Services Group, Inc. All rights reserved. %24