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Thursday, 22 October 2009
Berkeley Plan for the entire nation - Great Start but be cautious
Topic: Green Business

I recently read in the news that Berkeley's plan for financing the Solar panels is being adopted at a national level. Overall, it is a great start for a nation with the rising energy prices and towering unemployment. But this has the drawback that was typically seen in the nation's telecom infrastructure. Consumers have little incentive to go solar since the prices of the solar or Wind tech still remains very high compared to a montly bill. The administration should make an effort to make it a phased adoption because the early adoptors of this plan will likely see their investment wash out in 5-7 years since the mass production will bring the solar panel prices down drastically. Secondly, the solar panels should be produced indigenously in order to make a real impact on the economy. The solar panels being associated with a home value also makes it difficult to sell the home and reduce options for the purchaser who may want to try newer panels for the new home. Anyway, as the details of the plan become clear, it will be interesting to see how administration makes the policies.


Posted by praneymittal at 10:06 PM PDT
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