German and Spain hold nearly 75% of the world's photovoltaic solar market output. This is due to aggressive plans by both countries to install remarkable amounts of photovoltaic solar systems. Catholic church leaders and the Pope recognize the need to install solar (Germany.info). They see the financial benefic of solar and environmental benefit of solar, both of which have never been better and are encouraging investors in Germany to invest in solar (New York Times).
Similar changes to renewable energy will happen throughout Europe, especially with countries such as Spain, France, Italy, and Greece copying Germany's solar rebate program. This is in hopes for European Union to reach their goal of generating 12.5% of their electricity from renewable sources by 2010, such as photovoltaic solar panel systems. As or right now, Germany appears to be the only country on track with 14.2% of its electricity coming from renewables.
The world photovoltaic market share is shifting. The United States removed the cap on the 30% federal solar tax rebate, encouraging investors to invest in photovoltaic solar panel systems. With the American Southwest, which is famous for sun, this is the perfect location for photovoltaic solar installations. With the current economic environment, especially the drop of the real estate market, American investors are searching for new places to invest their money. Why not invest in a concept that helps the environment, reduces our dependence on foreign oil for energy, and offers a secure 8-15% tax free return on investment? |
