Wednesday, January 21, 2009

Solar Industry Hurt By Economy

The linked article refers to a slowdown in PV installs and announced layoffs due to the faltering economy. This fact and the reasons behind it are not surprising. This issue really isn't demand for solar installations. The problem is that solar companies are having trouble financing the materials and installations costs. No company can escape the credit crunch including the brightest light in the most promising industry.

Government and financial institutions must come together quickly to figure out how to restart the credit markets for this area. Demand continues to grow. Where are the funds to grease the operations?

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