19 Jul '11, 12pm

The Solar Industry’s Biggest Problem: Although the solar industry continues to grow, it still occupies only a

Although the solar industry continues to grow, it still occupies only a tiny fraction of the overall energy mix. In the U.S. only 130,000 homes have solar arrays. What’s holding it up? Some blame the high cost of the technology. Others point at the see-saw nature of tax incentives. Personally, I blame banks . If you want to build a utility-scale solar farm today in the U.S. you might be lucky to get money at 9 percent to 11 percent, according to various sources. If novel technology like CIGS or concentrators are added into the mix, expect to pay 2 percent more. The U.S. federal government, meanwhile, is currently giving money to large banks at nearly 0 percent. “Why do I have to pay more for money than an apartment building,” asked Tim Keating, vice president at Skyline Solar , which makes a concentrating solar system. “Why are we paying a four-percent risk premium?” In Ge...

Full article: http://www.greentechmedia.com/articles/read/the-solar-ind...

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