Financial Times FT.com

Potential of the sun dawns on the US

By Sheila McNulty in Houston

Published: August 18 2009 18:48 | Last updated: August 18 2009 18:48

Solar panels may not adorn every rooftop but governments globally could finally be giving the industry the fresh impetus needed for it to fulfil its potential.

In spite of record growth, rates over the past five years, high costs (solar energy can be four times as expensive as traditional gas-fired electricity) and the economic downturn mean solar has not become a mainstream energy source.

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