| Solar Power International: Taking the Pulse of the Solar Ind |
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| Written by SUNNYBP | |||||
| Sunday, 01 November 2009 08:54 | |||||
That's not to say the next 12 months will be easy. Electricity and heating fuel prices have fallen substantially, and many consumers are still holding off big purchases like solar PV or solar thermal. At the same time, the price of solar technologies like PV have fallen 35% since this time last year. That could make for a dramatic rise in solar adoption as home and business owners see prices bottoming out. In 2008, the U.S. industry put 1,265 MW of solar PV and solar thermal capacity online, even with all the financial troubles that companies and customers faced. However, the recession has certainly had an impact on the industry in 2009. Most analysts predict the U.S. will install less capacity this year than last year. In order to encourage the continued adoption of solar and other renewable energy technologies, the U.S government has rolled out new support mechanisms through the stimulus package. Without the creation of this program, the industry might have suffered far worse in 2009. It will also help create strong growth into 2010, which most people believe will be another record-breaking year as utilities get serious about solar PV and Concentrating Solar Power. Meanwhile, companies continue to break efficiency records and roll out new products that make solar more cost-competitive. From--RenewableEnergyWorld.com |
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