Don’t be Fooled by the Negative Press on Solar Energy.

solar news

In recent news solar has been portrayed in a bad light, but current solar trends have proved a more positive story for solar growth.

It’s true that a lot of bad press has targeted the failure of major solar manufacturing companies such as Solyndra and Konarka Technologies Inc.  It’s also true that in the past year several other manufacturers of solar panels have filed for bankruptcy as a direct result of the 50% price drop in solar panels caused by expanded production and oversupply from China.  An even more important reality, however, is that the good news regarding the advancement of solar energy usage in the U.S.A. outweighs the bad.

This lack of balance in reporting solar news is partly related to politics.  A presidential election is just ahead, and both major party candidates have links to a different failed solar company.  This fact is being aired out by both parties on a regular basis.  One result of this politically motivated news is that many people are errantly drawing the conclusion that solar-related business ventures are doomed to fail.  Meanwhile, the first quarter of 2012 produced an 85% increase in installed solar megawatts as compared to the same quarter of 2011.

There are three market segments in the solar energy industry, those being residential, commercial, and utility.  All three segments had an increase in solar installations, when comparing the first quarter of 2012 to 2011.

pole mounted solar system

The US has seen a drastic increase in pole and roof-top mounted solar PV systems recently.

A major solar project was recently held up due to funding issues, which also got a lot of attention from the media.  But what is rarely reported in the news is the virtual explosion in the number of roof top solar panel installations and pole-mounted solar installations by both small businesses and homeowners.

When you look at the different solar statistics and figures, it’s clear that the bad news is contradicted by what’s really going in.  What this all boils down to is that more and more consumers and business owners are deciding to become energy independent, and they’re going with solar power.

The following are just a few of the facts and statistics which represent the good news in solar energy:

  • Solar panels are becoming more affordable.  A completed solar PV system costs 17% less in Q1 2012 as compared to Q1 2011.
  • The average cost of a solar PV system is 30% less expensive now than it was in Q1 2010.
  • If you compare just the average cost of a solar panel, there’s a 47% decrease now as compared with Q1 2011.
  • The solar industry has become a valuable economic engine.  There were over 100,000 solar workers in the U.S. in August of 2011, which was double the number of people working in the solar field in 2009.
  • Solar installations injected $6 billion into the economy in 2010 and $8.4 billion in 2011.
  • In Q1 2012, California was overtaken for first the first time by New Jersey in the number of quarterly installations of solar megawatts.

Solar power is a renewable resource which will never run out, unlike fossil fuel-powered energy companies.  It just makes sense for businesses and homeowners alike to make the switch to solar energy.  As the cost of solar PV systems continues to drop and as research produces improved methods for utilizing energy from the sun, the amount of good news for the solar industry will continue to outweigh the bad.  It just may not be reported in the 6:00 o’clock news.

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Comments

  1. what are incentives for residential and commercial solar in Georgia?

  2. How do I get my “store” listed?

    • Send us an email at web@northamericansolarstores.com with details like your store location, phone number, years in business and a short description of the store and services you offer. We also responded via email to you directly with the personal email to use for your inquiry Ward.