28 Aug '12, 9am

Solar Business Booming in New England

Solar Business Booming in New England

Business at downstream solar photovoltaic (PV) companies is growing exponentially in the Northeast, as home and property owners, spurred by government incentive programs, increasingly grow to realize and appreciate its value. Sales at residential solar PV systems provider Astrum Solar in Maryland soared to $26.9 million in 2011 from $113,660 in 2008 – a staggering 23,567% increase. That marked Annapolis Junction, Maryland-based Astrum Solar as the second-fastest-growing privately-held company in Inc.’s annual rankings, according to a Gazette.Net report . State and local government incentives, along with northeastern states’ Regional Greenhouse Gas Initiative (RGGI), is helping fuel demand for residential solar PV systems across the region. New Jersey, Massachusetts, Pennsylvania and New York can’t be considered the sunniest of U.S. states, yet all four ranked among the top...

Full article: http://www.triplepundit.com/2012/08/solar-business-boomin...

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