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Solar panel buying stampede

Since the federal tax credits are disappearing the end of this year (December, 31 2008), and there is no extension in sight, there’s a stampede of people and organizations deciding to go solar by the end of this year which is also causing a supply issue with solar panels because of the high demand, manufactures capacity and supply of silicon is causing a bottleneck in the industry.

Some members in congress have been trying to push through legislation that would extend the federal tax credit for installing wind or solar power beyond 2009 although the legislation is have a difficult time finding where the money would come from to support tax credits for renewable energy. So if your one the fence about going solar or buying wind power you have 8 more months to benefit from the federal tax credit unless legislation is passed by congress by the end of this year.

Author: Deep Patel

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