Growth Of Photovoltaic

Incentives for Solar Energy
Most 50 states and the District of Columbia offer financial incentives to help support solar energy investment. As of July 2006, California provides a $2.20 per watt rebate. This can result in savings of up to 50% on the system’s total purchase price. In other states, the incentives can be even more generous. For example, New Jersey currently offers rebates of $5.50 per watt, resulting in net savings of as much as 70%. For information on state and federal net metering, cash rebates, accelerated depreciation, tax incentive programs, feed-in tariffs, and renewable energy (“green”) credits, consult the Database of State Incentives for Renewable Energy, funded by the U.S. Department of Energy at
Solar Energy Benefits
Economic Benefits: Delivers power at a fixed price over twenty years versus the escalating and unpredictable costs of oil, gas, and grid electricity. Lessens our collective dependence on foreign oil imports, contributing to the balance of trade, and to national energy security. Creates local jobs.
Environmental Benefits: Slows the burning of fossil fuels, the largest contributor of green house gas emissions, and air pollution. Preserves natural habitats that are often damaged or destroyed by oil, gas, and coal exploitation. Saves forests that are often cut down for cooking and heating purposes.
Social Benefits: Provides vital resources to the millions of people worldwide who lack access to reliable power or safe drinking water. Increases availability of electronic communications and can help stem mass migration to crowded urban centers.


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