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U.S. Solar Power Market Forecast Growth, Solar Panel and Power Production Increase, Federal Investment Tax Credit Provided for Solar Energy Investment


Companies are increasing production of solar panels and solar energy production in America. Pennsylvania is one great example of a state supporting the solar industry development. It just gave solar power production a big push by granting money for solar energy projects. The state is investing almost 20 million dollars to different company projects that will advance the solar energy in 16 counties. Solar energy projects will help create jobs and the development of the solar technology that is to come will make solar energy an affordable possibility for many homeowners. It can ultimately mean significant savings on energy costs for private home owners, public tax payers, and private and public business owners. Efficient and effective development of solar energy production technology can equal savings for all.


Some of the specific companies in the Pittsburgh area receiving state funding include: Eaton Moon Township Solar, LLC will receive 675 thousand dollars to develop a solar photovoltaic power system, Single Source Roofing Corp. will receive just over 110 thousand dollars to purchase the same system, and the Urban Redevelopment Authority in Pittsburgh will receive just over 17 thousand dollars for a solar photovoltaic system. National industry leaders forecast dramatic growth in the U.S. Solar Market by 2016 due to extension of federal investment tax credit for both residential and commercial solar installations. The solar market is set to grow significantly in the United States over the next several years.

Posted in Current Education News.

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