The Simple Math Behind Solar Power’s Expansion
http://finance.yahoo.com/blogs/big-data-download/simple-math-behind-solar-power-expansion-120245273.html[font face=Serif][font size=5]The Simple Math Behind Solar Powers Expansion[/font]
By Althea Chang | Big Data Download
[font size=3]As electricity prices rise for homeowners and businesses alike, alternative energy is getting more popularand solar power in particular is seeing a lot of growth.
Solar installations were up 76 percent last year compared with 2011, with 3.3 gigawatts installed across the country, according to the Solar Energy Industry Association. About 1.2 American households currently use solar energy, according to an annual report released by the trade group.
Since 2001 through last year, the average retail price of electricity in the United States has gone up 35 percent, while the average cost of having a photovoltaic system installed has fallen by nearly 70 percent, the association reported.
That level of growth could bode well for companies like First Solar (FSLR), YingLi (YGE) and SunTech (STP), which manufacture solar cells. First Solar in particular announced bullish expectations for the next several years, exceeding what analysts had been expecting. First Solar also said it plans to buy TetraSuna startup that manufactures rooftop solar panelsbriefly sending its stock higher mid-week.
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