Energy Secretary Steven Chu expressed the federal governments support of renewable energy. As a Nobel Prize winning scientist, Chu strongly supports the deployment of renewable energy, which is great for the solar industry.
According to Chu, the federal government wants to double renewable energy electricity production over the next three years. To achieve this, "we need to accelerate renewable project development by ensuring access to capital for advanced technology projects." <Green Chip Stocks>
For this to happen, the federal government will push this technology forward. Whether this means capital or tax incentive, the solar industry should continue to see federal support and capital.
Rich Hessler
pvsolarsalestraining.com
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