Solar Power Gets Brighter in 2008
2008 may have been the year that solar power started popping up in more places than your calculator. The Solar Energy Industries Association announced in a report today that solar energy capacity increased by 17 percent last year. Government stimulus programs have helped get that growth rate and this year's stimulus package has a bunch of provisions for getting solar power closer to the main stream.
And the not-so-good news? While the survey said that 2008 was a great year, 2009 may be a different story. The global meltdown hit the industry pretty hard in the first quarter. The financial crisis has dried up a lot of financing for an industry that requires a lot of cash (getting power from photovoltaic panels costs three times as much as wind-generated energy).
So, what's going to boost the solar industry? The solar folks are looking for federal policies that would mandate a percentage of US energy come from renewable power. They also want a "solar carve-out" policy that would ensure a certain percentage of renewable energy come from sun power. Similar requirements have already been implemented in a dozen individual states but the industry is looking for federal policies to really get solar going.













