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Solar Energy: A Dim Future?

According to Business Week, a number of analysts believe that the solar power industry is "set for a round of bloodletting in the next 18 months." Apparently, the combination of crunched credit, over expansion on the part of solar producers, and the curiously plummeting price of oil is creating a less..

Patrick James
By Patrick JamesDec 19, 2008
Patrick James
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According to Business Week, a number of analysts believe that the solar power industry is "set for a round of bloodletting in the next 18 months."Apparently, the combination of crunched credit, over expansion on the part of solar producers, and the curiously plummeting price of oil is creating a less than ideal landscape for industry growth.While this is clearly bad news for solar power sellers, it might be great news for solar power buyers. According to Treehugger, that same over expansion will cause the cost of solar products to drop significantly-and thereby benefit consumers. So it stands to reason that, if a company can endure the next year and a half, then, well, sunny days will be here again.(Photo: Clouds 'n' Sun by Flickr user rockstarassi.)

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