Homeowners may want to explore their options for solar energy investments, now that the industry is poised for significant growth with help from the economic stimulus package.
According to the Solar Energy Industries Association, 119,000 new solar-related jobs could be created over the next two years, assuming the stimulus bill is signed into law.
“We expect to create 67,000 jobs in 2009 alone and a total of 119,000 jobs over the next two years, putting Americans back to work installing solar panels, manufacturing components and constructing solar power plants,” said Solar Energy Industries Association CEO Rhone Resch in a statement.
The good news for consumers is that as solar technology and supplies become more widespread, prices are likely to continue to go down. This factor, combined with state and federal tax incentives, could combine to make home solar panels a better and better investment.
Some solar-related provisions in the bill include loan guarantees for renewable energy systems and a 30 percent tax credit on renewable energy investments. People who are interested in solar energy for their home are also advised to check for various renewable energy incentives that their state has to offer.
Washington Energy Services – http://www.washingtonenergy.com/articles/article/969/solar-energy-has-long-term-growth-potential