(PRWEB UK) 14 November 2012
ReportBuyer.com the leading website for market research reports has added the report which notes there are increasing numbers of policies to promote solar power are emerging at both federal and state level in the US, in a bid to improve energy independence and lower carbon emissions.
The new report, Solar Photovoltaic (PV) Backsheet in North America - Market Size, Average Price, Competitive Landscape and Key Country Analysis to 2020 states that the US solar power market has recorded massive growth over recent years, as the energy source has established its ability to improve US national security and boost the economy, Solar power incentives have resulted in increased installations, boosting demand for solar backsheets in the US.
The solar PV backsheet market in North America is dominated by the US, which accounted for over 85.3% of regional additions in 2011. The US solar Photovoltaic (PV) backsheet market is supported by the recently-extended Investment Tax Credits (ITC) and Production Tax Credits (PTC) which alter traditional energy market dynamics. ITC provides tax credits to commercial and residential solar PV installers, and the US government also provides accelerated 5-year tax depreciation for residential systems or businesses under the power purchase agreement, supporting the solar PV market.
Solar power programs such as Go Solar California and Austin Utilities Solar Choice program also show states taking matters into their own hands. California, the leading solar PV market in the US, was the first state to initiate a Feed-In-Tariff (FIT) system, and rapid development has followed the ambitious subsidy policies.