New Orleans Solar Power

The New York Times reports that prices for solar panels are dropping drastically. Given New Orleans’ Solar City aspirations this is probably really good news:

Not New Orleans: Solar Panel Installation

For solar shoppers these days, the price is right. Panel prices have fallen about 40 percent since the middle of last year, driven down partly by an increase in the supply of a crucial ingredient for panels, according to analysts at the investment bank Piper Jaffray. (NY Times)

New Orleans Solar initiatives got a big boost from the Fed today.

From the Times Picayune:

The Department of Energy recently announced that the 30 percent federal solar tax credit, which is available to residents and businesses, has been renewed for eight more years, effective through Dec. 31, 2016. The department also removed the $2,000 cap that was placed on the 2008 credit.