David Kirkpatrick

November 19, 2008

Solar looks strong for 2009

Filed under: Business, Science, Technology — Tags: , , , — David Kirkpatrick @ 11:51 pm

A release from twenty minutes ago:

Solar Shines Bright In Dark Economy

Industry Experts Predict 40% Growth For Solar Installations In 2009

LIVERMORE, CA, Nov. 20 /PRNewswire/ — Industry experts are predicting a 40 percent increase in demand for residential and commercial solar installations in 2009. The boom is due mainly to increased government tax incentives and subsidies for renewable resources.

As of January 1, 2009 all Americans will be eligible for a 30 percent federal tax credit on solar technology. That’s in addition to individual state tax credits, which are as high as 25 percent in regions that are pushing for a greener economy.

“I am proposing we set the most aggressive target in the nation for 33 percent renewable energy by the year 2020,” California Governor Arnold Schwarzenegger announced this week. “That’s a third of our energy from sources like solar, wind and geothermal.”

With a global economic crisis lingering, venture capitalists are now pouring billions of dollars into the renewable resource sector, stimulating a shift in North America’s labor markets. Roofers, electricians, and contractors in slowing industries are now turning to the alternative resource sector for professional labor jobs like solar installation.

Solar Universe, a solar installation company that started franchising in August has already awarded four franchises in California and plans to award five more before going nationwide in 2009. The majority of Solar Universe’s franchise partners are construction professionals looking to capitalize on the installation of solar technology.

“Solar is the bright spot in this economy,” said Joe Bono, co-founder of Solar Universe. “We’re grateful we can help contractors in slowing industries join a rapidly expanding one.”

For more information visit: www.solaruniverse.com

About Solar Universe: Solar Universe is the first to offer the safe, simple, and cost-effective SunGen solar packages. SunGen consists of solar panels and inverters that capture natural sunlight and convert it into electricity. The SunGen saves you money by directing excess solar energy into your utility meter, thus spinning it backwards and crediting your bill. Contact us today to find out why the S.U.N. works for everyone!

Source: Solar Universe

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