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SOLAR ENERGY INDUSTRY IN US
The U.S. solar energy industry continued its double-digit annual growth rate in 2006. Fueling this growth were record high energy prices, the impact of state Renewable Portfolio Standards, increased focus on global warming, and the Energy Policy Act of 2005 (EPAct) which took effect in January 2006, providing tax credits for solar installations.

As demand for solar energy continued to grow, the solar energy industry was shadowed by the steep increases in the cost of raw materials like copper and high-grade silicon. Also putting upward cost pressure on solar energy equipment was the shortage of trained workers, as several new firms began competing with major manufacturers for the same work force. Also during 2006, solar companies from China and Germany exhibited a strong interest in entering the U.S. solar energy market.

 

 
 
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