With all the hype about renenwable energy, the only question is how much is it going to take off. According the projection below, renewable energy is expected to multiply by a factor of 7. This means that the solar industry will increase from $13 billion in 2006 to more than $65 billion in 2016.
A large portion of the solar growth will come from federal funding. The government is currently using solar funds in a manner that fosters competition. Homeowners and businesses currently pay for half a solar system (with the other half payed for by the incentives and tax rebates). Since a typical solar system costs $20,000 or more, significant investment is required. <read more about green energy growth>
