US government will cut away 1000 dollars from solar modules subsidy

May 09, 2011

Power price has increased for the rapid development in PV industry, but cooled the overgrowth market, United States Federal Government decided to cut away 1000 dollars from solar modules subsidy. GregCombet, the minster of Climate Change Department, said the subsidy will be cut to 3700 dollars. “Today we will announce the cutting range of the subsidy for installation of roof solar modules offered by Federal Government.” He released to ABC broadcasting station. “However, although we will cut the subsidy, about 3700 dollars limit is still assured.” Mr. Combet said the market demand was too strong for solar modules; it is the reason for increased power price. Under the encouragement of PV subsidy policy, the people who installed the solar modules will resale the generation power to Power Grid. He said “We just hope this measure can ensure the steady development of market, government will still all-out support to use the renewable energy.” by lijie.su oviera solar