Rays of Hope

31 October 2008 - 11:00am

Solar energy initiatives are taking off all across the country, despite some reservations over the impacts of large-scale installations.

"In America, most of the policies that affect the solar industry are created at the state level. California, which is now poised to become the world's second-fastest-growing solar market behind Germany, has a long pioneering history, which has fueled the solar industry as much as the state's abundant sunshine.

But other states are giving California a run for its money in an increasingly competitive solar market. Take Oregon, which has been proactive in welcoming renewable energy business thanks to the state's Business Energy Tax Credit which covers 50 percent of all project costs -- the country's largest solar incentive. Oregon isn't alone. There's New Mexico, with an abundance of arid land and sunlight, offering the perfect platform for large-scale solar thermal installation projects.

As the solar industry continues to swell, is there actually a foreseeable downside?"

Source: AlterNet, October 30, 2008
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