US Photovoltaic Installations Could Double Two Years in a Row

The producers who manufacture photovoltaic solar panels on US territory have real reasons to manifest their excitement as researchers found that the American solar market has experienced a 69% growth so far, in 2011.

Until the end of this year, it seems that numbers should increase, adding to those 1,750 megawatts installed for the whole year. This information comes at a proper time, after the supporters of green energy might have been discouraged by the issue regarding the Solyndra debacle.

Solyndra federal loan met the criticism of many politicians who agreed upon the fact that financing the growth of solar energy is nothing but a waste of funds.
Despite this idea, which had a negative impact upon the market of alternative energy, companies and individuals who rely on the usage of photovoltaic solar panels stated the idea that means of obtaining renewable energy should be cultivated by the American government.

According to them, this industry requires special attention and financing, especially because they are at a point in time when the development of technologies implies a certain amount of money. Also, because they are relatively new for the large public, the alternative forms haven't found their place in mainstream culture.

Despite this fact, if we take into consideration the New Jersey state as an example, we might find out that the local economy's influence is crucial for the market of solar energy. This state's solar capacity has experienced a 170% growth in 2011, outrunning California, even though the last state is much more populous and gets more energy from the sun. This growth was generated by local measures, since New Jersey has solar rebates and tax breaks which increases the market's productivity.

The fact that federal loans shouldn't be granted to provide the needs of solar panel producers might damage the entire industry. Even though Solyndra debacle can be considered a dangerous precedent, official seem very optimistic when it comes to the future of solar energy.

Nowadays, America is able to power approximately 630,000 homes, using only alternative energy coming from the sun. This adds up to 3,100 megawatts. In the near future, the developers hope to outrun Germany, which is considered to be the European lider of the market.

Germany reached the level in which it is capable of producing more renewable energy coming from green sources than needed. For the European top producer, the eco-friendly power sources became an excellent way of making profit, since this industry brings millions of dollars to the national budget every year.

American manufacturers of solar panels are keen on competing with German ones, since renewable energy tuned out to be a profitable deal, which supports the environment, develops new jobs and generates significant profit.