It certainly is interesting to take a look around the globe to see precisely how governments are beginning to increase their investment in technology. This is particularly so any time it comes to the field of energy. There isn’t any need to even mention how important energy generation and transmission is in each of our lives, as we just can’t live without it, at this stage. But we nevertheless appear to be taking a very passive approach with regards to trying to find alternative forms of energy, those that don’t depend upon fossil fuel extraction. Frequently, any time we’re trying to find general trends with regards to investment in brand new technology we start looking at the USA. This country is, in the end, symbolic of such investment, although it is interesting to observe just how the USA has essentially slipped behind the remainder of the world with regards to the solar energy segment.
In 1995, the USA created nearly 50% of the planet’s solar panels. This seemed particularly appropriate since the country, on the whole, features a rather mild climate and a considerable portion of the continent is in the subtropical zone. Nonetheless, today their market share has slipped substantially and is now estimated to be only 7%. Consequently, it’s interesting to find out that the present government is now investing some $60 million in a venture known as Sun Shot. It is meant to give grants and incentives to the private sector, schools and laboratories to focus on new and interesting technologies linked to the realm of solar PV.
While the USA might wish to reassert its prominence in the solar industry, the remainder of the world is pressing ahead. A number of countries through the entire EU are at the forefront with regards to grants and incentives connected with PV panels. Homeowners are starting to take a look in escalating numbers at these alternatives, as it grows more and more affordable and cost-effective for them to achieve this. Now, technology being what it is, PV panels are available in really practical considerations, designed to fit without being far too obtrusive on the regular home.