NewEnergyNews More: SOLAR INDUSTRY SHAKES OFF THE RECESSION

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  • Wednesday, November 12, 2014

    SOLAR INDUSTRY SHAKES OFF THE RECESSION

    Solar industry is heating up again after stumbling during recession…

    Mark Glover, November 8, 2014 (Sacramento Bee)

    "The solar power industry, viewed more than a decade ago as a game-changing, jobs-producing juggernaut in California, took its lumps during the recession…But now it’s coming back with a vengeance, both here and globally…[G]rowth is fueled partly by a sunnier economy, falling manufacturing costs, federal tax incentives and increasing consumer and corporate enthusiasm for renewable energy…[T]he U.S. Department of Energy shows that the United States currently has about 16 gigawatts of installed solar power, or enough to power more than 3 million average American homes…

    “China’s solar power supply is more than 23 gigawatts, and it has set a goal of 35 gigawatts in 2015. Japan surpassed 14 gigawatts early this year and is working toward a goal of doubling that by 2020…[Many foresee] solar’s growth path [as] similar to what the mobile phone industry experienced nearly a generation ago…[But] Japan solar investors who were betting on relatively high renewable-energy rates over the long term are now voicing concerns…[German] solar power installations have declined for two years…[though] a handful of major U.S. companies are now offering their workers substantial discounts on solar installations for their homes, making it another employee benefit like health care…” click here for more

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