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solar panel sales up, even with lower gas prices

I’ve been reading a lot of articles lately about people making assumptions the economy and low gas prices are crippling solar panel sales. That’s untrue, because there is an increased tax credit for homeowners who install solar electric systems, on top of that more states and even some progressive cities are offering people rebates. I think some optimistic customers who are on the fence of buying a solar electric system are expecting Obama to release even more money to encourage people to buy solar. Do you think Obama will stimulate solar sales?

Not to add this year solar panel prices are expected to drop significantly, which will also increase the demand. Gas prices are not related to electric rates, for example even though oil prices have bottomed out the price for groceries are still higher then ever before. The point I am trying to make is that electric rates are not forecasted to drop anytime soon, in fact I have seen many utilities announcing rate hikes. What do you think, will more people go solar in 2009 then last year?

Author: Deep Patel

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