market for solar panels - Making the Connection Losing...

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Making the Connection: Losing Money in the Solar Panel Industry My Econ Lab Video In a market system, a good or service becomes available to consumers only if an entrepreneur brings the product to market. Thousands of new businesses open every week in the United States. Each new business represents an entrepreneur risking his or her funds to earn a profit. Of course, there are no guarantees of success, and many new businesses experience losses rather than earn the profits their owners hoped for. By the mid-2000s, high oil prices and concern over the pollution caused by burning fossil fuels made more people become interested in solar energy. Technological advances reduced the cost of solar photovoltaic cells used in solar panels. In addition, households installing a solar energy system could receive a federal tax credit equal to 30 percent of the cost of the system. For several years, falling costs and increased demand led entrepreneurs in the United States to start new firms manufacturing solar panels. By 2009,
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