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The Rooftop Solar Market

December 2, 2010
The Rooftop Solar Market

Distributed generation of renewable energy is off to a rocky start, but it's finally making some headway.

By Chris Nelder

Green Chip Review (February 12th, 2010) -  The research side is looking good. The $28 billion request in the president's FY 2011 budget for the DOE Office of Energy Efficiency and Renewable Energy includes large increases for programs including wind, weatherization, smart grid technologies, and solar - plus $58 million for National Renewable Energy Laboratory (NREL) infrastructure and $50 million to stimulate clean energy education.

An additional $300 million would support the Advanced Research Project Agency - Energy (ARPA-E) initiative. Modeled after the DARPA program that resulted in the Internet, ARPA-E will fund the fundamental research to incubate the energy grid of the future, what Ethernet inventor Bob Metcalfe termed the Enernet.

Grid investment is coming along well, with $75 million allocated to it in the budget request, plus $40 million toward grid storage solutions. It's a relatively paltry amount, but it should be bolstered soon by major grid reform legislation making its way through Congress.

The production side has become a bit of a buyer's market, yet manufacturers are still building new capacity in anticipation of the boom ahead. Yes, China is building more capacity in the U.S. than American companies are, but as I have argued previously, that's fortunate given the urgency of our situation. Solar PV supply is high and prices are as low as they've ever been, which is constructive for new installations.

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Source: www.greenchipstocks.com
 
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