The recent, and temporary, spike in gasoline costs led to dire predictions from the American media and meaningless hearings from our politicians. As always, the free market took a different path. Entrepreneurs looked for new ideas created by the so-called crisis, for out of change and chaos comes new opportunity.
Red Herring reports that one sector that saw a lot of action in 2005 was solar power.
Within the U.S., orders are on the rise, however, leading to back orders and increased prices for solar panels. Some manufacturers report they have pre-sold their plant capacity.
Even with tight manufacturing capacity, analysts predict that sales of solar systems will triple by 2010.