The whirl of events have left even the closest market observers shaking their heads in disbelief at how much has changed in the solar industry over the past several months. The solar industry is one of the fastest growing industries in the United States. Just how much is the solar energy business growing in the US. Well, a lot if you are counting watts. If you take the second quarter of 2010, 186 megawatts was installed; 2011, 314 megawatts, or an increase of 69%. The irony is that despite this explosive growth in the solar industry and a lot more people putting solar panels on their roofs, solar companies are getting hammered. Their margins are being squeezed and they are not making much money. I am not even talking about the woes of Evergreen Solar, which filed for bankruptcy and is down 99% year-to-date. We won’t even talk about the spectacle of Solyndra, the financial problems of which may only be the least of the problems for some of the executives there. (When the FBI comes knocking on your door, they are usually not bringing gifts.) If you are or were an investor in solar energy stocks, don’t even look at your stock holdings unless you want to barf up your breakfast. But if you are a homeowner interested in a home solar panel system, you may still be smiling as prices have come way down.
Posts Tagged ‘solar incentives’
The march to solar energy is on – and the United States has a lot to do to catch up with some other countries that are leading the way. Although there are those would like to think that the desire to reduce one’s carbon footprint is sufficient to convince Americans to go solar, the experience in other countries shows that only cold hard cash, and not the sun’s rays, will convince consumers to leave their fossil fuel lives behind. This opinion piece discusses various government incentive programs available to consumers in the United States who are contemplating placing solar panels on their roofs.