Over the years, the cost of solar panels has dropped significantly. While good for consumers, such low prices are threatening to bankrupt many manufacturers who can’t compete, which would slow down large-scale adoption of solar energy. This bad news hasn’t clouded the fact that solar is the most readily available alternative energy source, and with help from federal, state, and local governments, a sustainable market for solar can still be supported.
The Clean Energy Finance and Investment Authority in Connecticut is at the forefront of merging public and private green initiatives. Established in 2011, the nation’s first “green bank” oversees a number of innovative financing initiatives that parallel emerging innovations in solar technology.
One such initiative is The Commercial & Industrial Property Assessed Clean Energy (C-PACE), a program that allows property owners to make energy efficiency upgrades at low cost by providing financing with little to no upfront costs and repayment of the loans over time on owners’ property tax bills.
These new initiatives and policies aspire to make energy usage cheaper, cleaner and more efficient, and they’re coming in waves. It’s encouraging news for proponents of solar energy who have until recently watched the industry from the sidelines, horrified by how financial professionals and government officials have dismissed the space.
It’s a new beginning for the solar sector, and those interested in jumping on the trend should consider big industry names for their investment portfolios. Kapitall has helpfully created an infographic to summarize the industry, its potential, and the key companies working to make a difference.