LIVERMORE, CA, Nov 20, 2008 /PRNewswire via COMTEX/ -- Industry Experts Predict 40% Growth For Solar Installations In 2009
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."