Thursday, August 13, 2009

Solar Panel Glut & Project Cancellations

Everything isn't sunny in the solar market these days.

Cancellations attributed to lack of financing, have plagued several major solar projects already this year.

At the same time manufacturers of solar panels are getting nervous as a glut of solar panels have flooded the market.

Even with the Federal and State rebates associated with the purchase and installation of solar energy systems, reductions in new home construction and existing home renovations, together with dwindling credit and home equities, have dampened the residential market for alternative energy systems.

If you are planning on building a new home, this may be the best time for you to talk to your architect, electrician, or sustainable living consultant about adding a PV solar system to your building and electrical plan. Price reductions in solar panels, government rebates, and trades seeking new work and clients, offer an interested buyer an opportunity for savings.

Brett

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