Tuesday, July 31, 2012

A Solar Awakening

The manufacturing sector in Asia has lowered the cost of solar panels by 50% since 2011. Streamlined for efficiency, Photo Voltaic manufacturers have saved, indeed propelled the industry  of deploying these systems in the United States. Rebates and government incentives also contributed to this growth. The substantial monetary aid from the American Reinvestment and Recovery Act, issued by President Barrack Obama, will expire at the end of 2014. This year, the amount of aid in renewables is about one third the level in 2009. Does this impose risks to this emerging industry?