Do you live in Colorado? You might soon see some good deals on solar systems as a number of companies are moving into the market. CNET reports that Standard Renewable Energy, Solar City, and Germany’s Conergy are all targeting the Rocky Mountain State. And competition, as we all learned in Economics 101, drives prices down.
Barely a year old, Solar City is the largest installer in California and recently raised $21 million in venture capital funds. Solar City’s gig is group installing: It signs up 50 or more homeowners in new subdivisions to go solar. The buyers enjoy volume discounts and cheaper installation costs as a result. Installation is about half the cost of getting a solar system.
You can expect to see Conergy in the state too. The German solar installer has opened operations in the U.S. By 2008, Conergy wants to generate half its revenue from outside of Germany and half from products other than photovoltaic panels, e.g. wind turbines and biogas furnaces.
Colorado voters passed a solar subsidy and credit program in 2004.
