Bailout bill should be good for solar sector

Road to solar future looking good?

According to MarketWatch, the outlook for solar power looks good thanks to the bailout bill which also included an 8 year extension of the solar tax credit. More interesting, the tax credit, for the first time, is also open to utilities, which should entice bigger players into the solar field.

Bozena Jankowska, manager of Allianz RCM Global EcoTrends Fund says this, "Changes the paradigm for the alternative energy space. Once utilities go large-scale into solar power, it will create economies of scale and more opportunities for the industry."