The shift to sustainable energy may change the economy of the world and it will happen nation by nation until expensive and dirty carbon based fuel is a thing of the past. A new renewable energy economy will emerge. The key is to make sustainable energy like solar and wind competitive to carbon based fuel regarding the production of electricity. Research in this area is global and competitive. New solar cells that are more flexible, smaller and cheaper to produce are primed to hit the market place for energy in a big way. Industry is looking for a way to run businesses without the expense and regulations of carbon based energy. More individuals are interested in investing in solar panels for their homes and businesses because they want control over their monthly electric bills. In many cases, producing your own electricity from solar panel systems is cheaper than getting electricity from utility companies. Local, state and the federal governments are providing tax incentives to make the switch and even utility companies are seeing the advantage of getting off of fossil based fuel to produce electricity by using solar arrays for the production of power. These are all factors in the emerging new renewable energy economy that has been based on oil, natural gas, and coal for so many years.

The competition that is happening in the solar industry is driving down prices. In Europe there is already a huge change in solar use. Germany, Spain and Italy have goals of having solar panel systems on every rooftop in their countries. The development and use of storage batteries is continuing to spur on the use of solar energy as a major source of power. The development of quality solar batteries will stop the increase of nighttime and cloudy day price increases. A new renewable energy economy is already helping some of the financial woes of Europe with less imports of carbon based fuel for homes and businesses.

California has always led the way to solar energy becoming increasingly important to government use, industry as well as for homeowners. In many parts of California there are neighborhoods where the rooftops are covered in solar panels. The government of California has set goals for the use of solar and other renewable energy [http://myreviewboost.com/index.php/home-services/sungate-energy-solutions.html] to replace fossil fuel for the creation of electricity. The ability of using the grid as a backup for energy needs appeals to many people who want to control their own energy needs. A grassroots effort to become more reliable on clean energy is helping to develop a new renewable energy [http://myreviewboost.com/index.php/home-services/sungate-energy-solutions.html] economy worldwide.