A mad scramble for solar panels in the US could actually “ slow “ down in investment in solar manufacturing units.Experts believe that many US solar companies are laying of workers as US and foreign government incentives approach expiration. For instance PV Powered Inc., a solar-inverter has laid off an undisclosed number — in the single digits — because of the tax credit, which Congress could still vote to renew this year. Edwin Koot,solar analyst adds “ The industry simply is growing too fast compared to the demand side.There are too many companies on the market “
Such a scenario is hard to predict given the uncertainty in this latent industry. a glut of solar panels may also work to push down the costs and may provide the necessary impetus to achieve economies of scales.Given the rapid growth in the industry some hiccups such as PV Powered are bound to occur , but it is hard to extend a similar generalization to the entire solar industry.
