President Obama himself said it: solar energy and other forms of “clean” energy are big deals in today’s economy. To be fair, though, the title of the article–while fairly accurate as it’s shown on a global scale that solar power is on a slow rise–should emphasize more on the “possible” rise. Sad to say, even as the President asserts the positive impending fever of solar-powered technology and economy, the industry itself might not rise, even slowly. It actually might decline! That is, of course, provided that certain factors actually don’t follow through.
Such as the U.S. economy.
Let’s think about the state of the economy, and you can understand that there is a big question mark in terms of funding for such an industry that could very well buff up the financial industry. Congress has, in fact, extended a grant program that will cover about 30% of all solar-powered projects in the U.S. However, the deadline is almost a year later to apply for that program–December 31, to be exact. So the initiative relies on all companies who endeavor to take a leap in faith in solar power. Moreover, project developers have sold solar electricity to California utilities; but they better continue to solidify the factories responsible for providing the service, or else their contracts are void. And their deadline is 2013. When it comes to the economy, you unfortunately have to spend the money to make the money. That’s the leap of faith.
There are many other factors to list, so the world will see what will happen. Either the solar-powered economy will slowly rise or decline a tad. It’s like night and day. We can only wait and see.