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Why Solar Companies Go Out of Business
Think the solar industry can’t compete?
Think again!
According to the American Council on Renewable Energy, the U.S. solar industry is growing, is cost competitive in many markets, and is lowering costs dramatically.
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In 2011, U.S. solar photovoltaic installations grew by over 100%; the value of the systems installed in 2011 alone was more than $8.5 billion.
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In the first three months of 2012, solar installations grew 85% compared to first three months of 2011.
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The solar industry employs over 100,000 people.
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The average installed cost of solar systems declined 20% in the U.S. in 2011.
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The price of polysilicon, a key component of photovoltaic solar panels, has fallen 75% since 2008.
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Analysts predict that over the next decade, $800 billion – $1.2 trillion will be invested in the solar industry globally.
Solar can’t compete? Really!
My friends, we’re just getting started!
Why Solar Companies Go Out of Business originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.
Read more at Green Chip Stocks
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But let’s just say that everyone got hooked up with solar. Then wouldn’t solar have to go out of business??