As interest in renewable energy rises and falls with the price of fuel, companies in the solar industry strive to remain flexible and accommodating: when times are tough they have to keep afloat and, on the opposite spectrum, when the industry is booming they have to be able to provide for the demand. Today, we have a kind of mashed up version of this pattern. Due to President Obama’s green-tinged stimulus package and state-by-state solar incentives there is renewed interest in solar; unfortunately, very few people are financially in the position to invest in solar, both on a civil and corporate scale.
One of the fastest growing companies in clean technology, San Fransisco-based Worldwide Energy and Manufacturing USA, Inc., is actually experiencing an influx of orders and, consequently, a backlog of commitments. Just last week the company revealed that they have $52 million worth of backlogged solar module contracts and they expect another year of triple digit growth in their solar business alone. I found these numbers rather surprising, but in the end heartening, because it shows that investors are seeing the true potential in solar. And once people have it in their heads that one way is the right or beneficial way the resources naturally follow, albeit slowly and steadily.
If you’re considering switching your home or business to fully or even partially solar-powered, the future is indeed looking bright. And even if you’re not looking to make any long-term investments just yet, there is hope, and it’s only a matter of time before solar becomes the norm.
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Solar systems are great ideas, there is not question about it. However, not enough people are doing it. It is possible people don’t know enough, but I believe one of the major reasons is the cost is still too high. I think it will be some time before it becomes the norm.