Nearly $100 Billion in spending on green energy and energy efficiency is planned in the House version of the new stimulus package working its way through congress. The renewable energy sector is expected to grow more rapidly than most areas of the economy.
Solar energy provides clean, affordable energy and can be scaled up to meet a substantial portion of America's electrical needs in coming years.
In addition, it can be implemented effectively through a distributed generation model where the power is generated exactly where it is needed. This reduces capital expenditures on distribution networks and storage.
"In the next two years we are expecting to see the largest expansion of clean energy resources in American history," noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp.
"There could not be a better time to be a part of the solar industry as both technology and stimulus spending are set to reach new levels."
The United Sates has set a goal to double energy production from natural sources within three years. Industries worldwide now realize that solar power can reduce operating costs and provide increased energy security during times of energy volatility and economic uncertainty.
Source - Solardaily
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