Developers in the United States installed 69 percent more solar power capacity in the second quarter of this year compared to the year before. Majority of the installations were made by commercial and government entities.
Solar power is looking to be the smart choice when it comes to electric power sources. The cost of solar power is decreasing while every other energy resources are increasing.
Arizona-based First Solar announced that the company had flat first-quarter sales and decreased earnings. This is due to cuts in government subsidies in various European countries, which increased solar panel prices.
Solar power is clean, economical and the solution to the long standing problem of environmental pollution. Although the initial cost associated with installation is expensive, the return on investment over time make solar energy the right choice as a main source for electrical power.
Although Texas doesn’t give incentives or tax exemptions for purchasing renewable energy equipment, it offers tax exemptions and deductions for installing renewable energy systems.
ESolar, a Pasadena-based company, lands a deal that will have it provide technology and assistance in putting up several solar farms in China.
DTE Energy is offering incentives through its Solar Currents Program to customers who install solar photovoltaic systems with a capacity of at least 1 kilowatt and a maximum of 20 kW.
Marblehead Municipal Light Department in Massachusetts offers solar rebates to residents who install solar power systems at their residences.
Suntech Power has signed a deal with the Canadian solar installer Pure Energies to supply 17 megawatts worth of photovoltaic panels in 2010.
Massachusetts’ Chicopee Electric Light has a solar rebate program for residential customers who install solar photovoltaic systems at a rate of $2.50 per watt for a maximum of $5000 per installation.