Solar Energy Investing

The Vancouver Sun reports that consumers continue to view solar energy as a “luxury good” and financing for solar utilities is dwindling. The bright spot is that politicians continue to push solar energy projects and the incentives that come with them. Most experts view the government as the key to turning the solar market around.

UTV reports that the price for solar energy is expected to drop. Experts also predict that by 2013 solar power will become less expensive than conventional energy, while some think it may take until at least 2020.

Westside Connect reports that the district of Newman-Crows Landing is looking to put in solar collectors at three local schools. The electricity that would be generate could help supply the schools with cheapers energy costs. The results could be huge amounts of money saved over the next several decades.

Reuters reports that ZenithSolar (an Israeli company) has developed a plan to start a solar farm using fresh technology. They say the new technology will allow them to produce electricity at a low cost while supplying hot water to local residents. If the venture proves to be a success, the company says they will start making portable units for homes in the near future.

Forbes reports that Energy Conversion Devices decreased by over 20%. The solar company also said they would scale back their plans for expansion due to the uncertain economy. These conditions have also hindered project financing — an issue most solar panel companies have had to deal with.

LivingstonDaily.com reports that the International Energy Agency’s (IEA) World Energy Outlook report can help homeowners begin to save money by spending less on natural gas, propane, and oil. The report has energy projections all the way out to as far as 2030. The IEA also says that renewable energy will soon become the second largest source of electricity.

World Changing reports ‘One Block Off the Grid’  is a group that allows groups of local residents to negotiate better deals on solar power installation - usually 15-25% reduction on the market rate.  The idea has launched in 20 US cities and is considering extending the service to include solar thermal systems and green home improvements.

Greentech Media reports Japan’s recent return of a national solar subsidy has only attracted 21, 653 applications versus the anticipated 35,000 it was expecting in the first three months.  The subsidy provides US $700 per kW of installed solar power or 10% of a 3.5 kW system.  The US is also hoping a 30% tax credit for solar power installations will boost business.

The Tundra Drums reports Gunner Gregory of the Emmonak School represented students at the Alaska Youth for Environmental Action Civics and Conservation Summit.  He spoke with state legislators about bringing renewable energy to his village by lobbying three different bills.  He got excited about renewable energy after a solar panel project for the school’s science fair.

Greenbaypressgazette.com reports Orion Energy Systems has been granted a federal trademark registration for the Apollo Solar Light Pipe.  The Apollo Solar Light Pipe uses power from the sun to light the work area of a facility for up to 10 hours without using electricity.