MAYBE IT'S TIME FOR YOU TO THINK SOLAR?

U.S. SOLAR MODULE DEMAND EXPECTED TO DOUBLE IN 2012

The U.S. market for solar panels is likely to double in 2012, thanks to government policies and falling prices, although new tariffs on panels imported from China could contribute to slower growth in 2013, according to a new study.

U.S. developers are likely to install 3,300 megawatts of solar panels this year, nearly double the amount installed in 2011. More than 500 megawatts of solar power were installed in New Jersey, California, Arizona, Massachusetts and other states in the first quarter 2012 alone, in what is usually a slow time for solar installations due to winter weather.

The global solar power market has been turbulent for manufacturers, as prices have plunged amid an over supply of panels. But the falling prices, as well as faster development for large scaled solar powered plants, have driven strong demand for solar equipment.

Government subsidies, such as the federal rebate of 30% of the cost of each solar system, and state and local incentives have been driving growing demand for solar. The lowering prices have also played a role in the increase of interest for solar projects.

Average solar module prices fell by one- half in 2011, to about 94 cents a watt. That followed a 2010 drop of 27% in prices. The lower panel prices, combined with lower prices for other components, led to a drop in total solar systems installation costs. This was true in both large scale utility solar systems, as well as residential roof top installations.

Electrical Systems and Services, Inc is proud to be a NABCEP certified installer and part of this growing market. Now is the time to contact Electrical Systems to have a Free, No obligation assessment to your business or residence to see if this is the right time for you to go Solar.  Please contact us, so we can get yours scheduled.