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World Solar PV Market

According to the world solar pv market grew 62% in 2007 and reached a world record of 2,826 Megawatts of installed solar panels. As you can see Germany is leading the world when it comes to installed capacity of solar pv panels followed by Spain? Why is that Germany and Spain account for so much of the installed solar power capacity? It is because of their feed-in tariff system, an incentive that encourages people to make investments in solar panels because it makes financial sense for them to do so. If you notice the incentives in the USA are not as great as the ones in Germany and Spain, therefore the installed capacity is a refelction of the incentives. In fact, Germany has HALF the amount of sun hours compared to the USA, therefore it’s easy to make the connection that solar pv does not thrive where the sun shines, but where the financial incentives are...

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Solarbuzz says solar installations hit an all time record in 2007

Solarbuzz reported last month that the world solar power market grew 62% in 2007. Germany represents for 47% of the world market for solar power. Spain in second place market increase was significant, over 480%!! The USA trailed in forth place at a 57% growth rate following Japan. The solar power industry in 2007 generated a global revenue stream of $17.2 Billion! The data by Solarbuzz is important for consumers to see the robust growth in the solar industry which proves the technology behind solar power is real, improving and can really help consumers across the globe reduce their bottom lines through solar power technology. If the USA had more federal government support for solar power and renewable energy in general, we could not only create millions of new jobs and innovate ourselves off foreign oil but we could invigorate our...

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