Hopefully just a false start

Demand for solar and wind power systems is plummeting, according to this New York Times article.

Low energy prices, the credit crisis and lack of general confidence in the economy are to blame.

From the article:

Much of the problem stems from the credit crisis that has left Wall Street banks reeling. Once, as many as 18 big banks and financial institutions were willing to help finance installation of wind turbines and solar arrays, taking advantage of generous federal tax incentives. But with the banks in so much trouble, that number has dropped to four, according to Keith Martin, a tax and project finance specialist with the law firm Chadbourne & Parke.

But this is just a bump on the road. At some point, the world economy will recover and demand for energy and commodities will resume its healthy growth rate. When that happens, the United States needs to have renewable energy infrastructure in place. We need to have factories ready to export such technology and products.

If President Obama wants to look for a place to inject stimulus funds, this is it. The future is now if we make it so.