Solar Power Shines In Market
Contra Costa Times reports that both personal and political decisions are encouraging thousands of Californians to purchase solar equipment for their homes and businesses. The creation of subsidies, including the $3.35 billion “solar initiative” offering consumers refunds of up to $2.50 for each watt of solar capacity installed, and federal tax credits have help spur demand.
In addition, in 2005 alone, venture capitalists put up more than $150 million to back companies in California and elsewhere that make solar equipment. Solar sales are expected to rise from $11 billion in 2005 to $51 billion by 2015, according to market researcher Clean Edge Inc., making investment a profitable decision.
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