Feb 24 2010
Evolution Solar Corp. (Pink Sheets:EVSO) voiced support for a bill filed Wednesday by Bernie Sanders (I-VT) dubbed the “10 Million Solar Roofs and 10 Million Gallons of Solar Hot Water Act”. The Act would provide rebates that cover up to half the cost of new systems, along the lines of incentive programs in California and New Jersey. The bill aims to get 10 million solar roofs and 200,000 solar heaters up and running, producing a total of 30,000 megawatts over the next 10 years.
“We support the initiatives calling for the expansion of solar energy in the US - it just makes good sense for job creation and our nation’s future,” said Robert Hines, president of EVSO.
Such a generous tax break would make distributed solar extremely attractive, especially considering that the price of photovoltaic cells keeps on dropping. Additional benefits include the fact that distributed solar, like solar roof projects, can be easily linked to the grid and can create jobs swiftly - thanks to the fact that there are relatively few assessment hurdles to be jumped.
EVSO is currently developing a solar demonstration site with Texas Southern University, to be located at the university’s Houston campus. The demonstration installation should help Evolution Solar in competing with larger sector players such as First Solar, Inc. (NASDAQ:FSLR), Trina Solar (NYSE:TSL), Suntech Power (NYSE:STP) and SunPower Corp. (NASDAQ:SPWRA).
Source: http://www.evolutionsolar.com.