According to MIT’s Technology Review, in a few years, the United States is likely to be the world’s largest market for solar power, eclipsing Germany, which has taken the lead as a result of strong government incentives in spite of the relative paucity of sunlight in that country. A number of factors could make growth possible in the United States–especially changes in legislation that give utilities incentives to create large solar farms.
Last year, the U.S. solar industry got off to a slow start but sales rebounded in the second half of the year, largely because of a drop in the prices of solar panels of up to 40 percent, partly caused by an oversupply due to the recession.
This year solar installations could double due to several likely causes, including decreasing prices for solar panels and installation costs, as well as increasing government incentives, which can make solar far more attractive.
Click here MIT Technology Review for the entire article.
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