Overly, Steven. “Local Solar Energy Companies Have Enjoyed Growth in Recent Years. Will It
Continue?” Washington Post. The Washington Post, 30 Aug. 2014. Web. 16 Sept. 2014.
Retrieved September 13, 2014, from http://www.washingtonpost.com/business/capitalbusiness/local-solar-energy-companies-have-enjoyed-growth-in-recent-years-will-it-continue/2014/08/29/8310cb3c-2ec3-11e4-9b98-848790384093_story.html
Many solar energy companies are expanding rapidly. The companies are experiencing growth and are doing financial well as a business. These companies are experiencing growth due to economic forces and government policies that have made renewable energy more attracted to customers. Due to the governments policies, the rapidly increasing solar energy companies will now have to face federal tax and solar has to compete with other renewable energy sources. The companies in the industry have enjoyed growth so far but with the federal tax, who knows if the growth will continue.
Competition of many companies in industries is very common. The solar energy companies should have predicted that they would soon have to face federal tax. And if for those companies who continue growing with the fact that they have to pay federal tax will have no competition with other renewable sources. But all this growth is meant to be a good thing, this only means that the amount of solar energy that is being demanded is helping out the environment a lot. It is also saying that solar energy is the highly renewable resource that is being mostly used today.
This seems like good news for multiple reasons. The solar industry is booming which implies that more people are going solar. This is a win for the environment. The growing industry also increases supply and demand which hopefully helps improve our economy. Win win. Although, always keep in mind to avoid the “Lorax” situation.
Good to hear that the solar business and demand is expanding. Every switch is a step closer to a cleaner environment. This way as mentioned it’s a win win for the consumer and the environment.
Its awesome to think that solar energy has increased so much. What do you think the federal tax means for the future of alternative energy?