Solar panel startup companies are struggling in the current recession, according to Sustainable Industries. Startups, some of which are sitting on genuine innovations to make solar panels more efficient, can’t find the funding they need to get off the ground. Prices for solar panels have dropped precipitously lately, which is great news for everyone except for the startups that were banking on high prices and increased demand. Some of the companies have begun laying off workers, while others are radically shifting their business plans in order to survive.
Source: Sustainable Industries
Image by Mike Weston, licensed under Creative Commons.
