Knocked Down But Not Out: America Could Be Global Solar Leader by 2014

A new report reveals that America’s solar photovoltaic (PV) industry has gotten battered since the economy hit the skids last year.

But not to fret. A boost in federal incentives could trigger a rapid sector rebound and ultimately global solar leadership by 2014.

According to cleantech market researcher Pike Research, “The United States has become one of the more aggressive nations in promoting alternative energy technologies.” But here’s the problem:

“At the federal level tax credits and depreciation incentives are not currently enough to encourage sustainable demand growth.”

Washington’s latest boost in clean energy subsidies, in other words, is just not cutting it with investors, not in the face of this financial crisis.

“Financing for solar projects remains elusive,” says the forecast, U.S. Solar Energy Demand Dynamics.

The report find that solar demand in the U.S. lags behind market leaders Spain and Germany in 2009 — despite fizzling subsidies and slow starts to the year in both those nations. In America, project cancellations and delays are also…Read More.

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Published in: on August 13, 2009 at 9:18 pm  Leave a Comment  
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