Image: www.freefoto.com
After a difficult year in 2008, the U.S. solar industry seems to have experienced a new boom in 2009. The prospects for 2010 remain uncertain, however. An example is the California contracting firm Borrego Solar Systems. In 2009 it doubled its revenue compared to 2008. This result, although very good, did not meet Borrego's own expectations. The enthusiasm in the solar market was so high that it expected a threefold increase in revenues. These expectations were similar among Borrego's competitors. An important tax credit for solar had been extended, public support was high and Obama was seen as a pro-green president. Then the crisis hit the solar industry, although by far not as badly as it did with other industries. At the moment, the solar industry feels confident again. Tax credits are expected both from the federal and state governments. "I really see the conversion of many different factors that give us reason to have much more optimism. With good foundation", said G. Robert Powell, president and CEO of Solar Power Partners, an independent power producer in California.
Source: Renewable Energy World
| < Prev | Next > |
|---|
