Solar Power the Time is NOW

With utilities adopting standards to increase the amount of solargenerated electricity in coming years, the US could bolster its presence in the global solar-power market. The quickening growth pace could present attractive opportunities for investors, according to some professionals.                                                                                                                                  
At the end of 2009, the US ranked fourth in total solar capacity, with 2.09 gigawatts installed, behind Germany with 9.79Gw, Spain with 4.01Gw, and Japan with 2.68Gw, according to Bloomberg New Energy Finance. With the US installed capacity growing at a faster pace than that of the international market, the country may be on track to become a more dominant market by 2014, according to Larry Sherwood, an analyst at the Interstate Renewable Energy Council. 

Solar demand in the US is expected to grow 75% in 2011, compared with 2010. About 1.5Gw to 2.0Gw of capacity—1 .36Gw in California alone—is scheduled to be installed next year. 

One factor could snarl that time line: the expiration of federal incentives, specifically the Treasury Dept.’s cash grant program, which currently covers 30% of a project’s costs, as long as construction has begun by the end of 2010. SEIA and other groups are pushing to have the qualifying construction start date extended by two years, to the end of 2012.

One of the only options for a home owner has to protection thereselves against rising costs is either not us power or generate your own power. The future is very clear as to the direction of energy; the only question is what are you going to do with this knowledge? More knowledge comes more responsibility, so you must act now or you will PAY later. 

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