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Feb 8
Factors Driving Commercial Solar Growth PDF Print E-mail
Written by Small Energo   
Saturday, 27 February 2010 00:08

The factors driving commerical solar adoption fall into 5 key areas:

Economic:

  • Volatile global energy prices and rising global energy demand
  • Incentives; feed-in tariffs, net metering, rebate programs geared towards making solar more financially viable
  • Solar approaches the cost convergence zone; large scale utility projects moving closer to economic viability (without rebates)

Political:

  • Geo-political climate: Kyoto Protocol, emission goals, cap-and-trade policies and green house gas initiatives driving global adoption trends
  • U.S. Federal Government activity; Key incentive programs serve as short/medium term stimulus
  • Individual State initiatives such as the California Solar Initiative
  • 2008 Presidential Politics

Technological:

  • New, more cost effective and efficient solar module manufacturing technologies are emerging that make solar more economically viable
  • There is also significant investment in alternatives to silicon

Social:

  • Clean energy consumer revolution
  • The Hollywood effect; Al Gore’s movie - “An Inconvenient Truth”

Environmental:

  • No noise
  • No pollutants
  • No ongoing fuel requirements