Recent industry data for Soltas Energy’s market segment is extremely positive and reflects what the company has experienced in its solar-power-station business serving commercial customers in the U.S.

Solar industry project developers like Soltas are the beneficiaries of declines in solar module prices, which are now nearing the $1/watt mark. This has spurred solar project development, according a report from cleantech analyst SolarBuzz, which reports more than a 40 percent jump in non-residential solar projects over the past two months, from 17GW to 24GW. These are the type of solar projects in which Soltas Energy and its subsidiary companies participate.

Industry data from GTM Research and the Solar Energy Industries Association show that the sheer volume of solar projects are driving down production costs to the effect of a total 20 percent reduction in overall installation costs in 2010 over the year before. Soltas Energy expects to see continued declines in its installation costs this year and into the future as the industry ramps up.

“These data demonstrate the validity of our business strategy and the promise there is in the commercial solar power industry,” Soltas Energy CEO Andrew Barron Worden said. “Our continued growth into selected U.S. regions positions us to benefit from these trends to an ever greater measure in our business.”