February 9, 2008

Red-Tape is Stifling Growth in the Solar Power Sector

 

Americans are Pro-Active about Renewable Energy
Press Release from Solarpowergetics, Inc.
February 9, 2008

America must become energy "independently-efficient." Encouraging federal, state and local governments to offer easy-to-understand incentives and grants for on-grid and off-grid power applications is a major hurdle that needs to be expanded over and above the complicated and expensive regulations being enacted today.

"People are eagerly searching for ways to reduce their fuel costs. They hear many stories about how well the solar power sector is doing in America. Unfortunately, when they take a peek, renewable energy is an expensive proposition. For us, it is a nightmare trying to keep up with all the regulations. Even through the costs of solar is declining rapidly, government red-tape is stifling growth and literally increasing costs in the solar sector."
 

Miguel Hidalgo, CEO and President of Solarpowergetics says, "People are eagerly searching for ways to reduce their fuel costs. They hear many stories about how well the solar power sector is doing in America. Unfortunately, when they take a peek, renewable energy is an expensive investment. For us, it is a nightmare trying to keep up with all the regulations. Even through the costs of solar is declining rapidly, government red-tape is stifling growth and literally increasing costs in the solar sector."

All issues considered, solar's growth is dependent on rising energy prices. Most people would agree that long term supplies of oil, now flirting at $100 per barrel, will only slide higher as instability increases in the Middle East. Oil prices are not going back down! Political threats from Russia, Iran and Venezuela are indicators that America needs to kick its addiction to oil.

Many states, including California, are driving fuel prices even higher by passing laws prohibiting utility companies from harnessing energy based on coal.

The biggest threat to our huge oil imports is the competition of demand from China and India. China and India will be the largest consumers of oil by 2030. Take into consideration the growing demand for oil from other developing economies.

Americans are proactive about climate change and other environmental issues. We are learning how to conserve energy and purchase green products and appliances. Lowering the thermostat on the air conditioner prevents brown-outs and spreads the power out to everyone during hot weather.

We must embrace a lifestyle transformation. Together, let's make it happen.

 

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