First Solar Company | Rich Hessler Solar

One of the key thin-film solar organizations, First Solar, has set a mile-stone for renewable energy as the first renewable energy organization on the S&P 500. This means that despite solar’s terrible beginning in the 1980s, renewable energy is truly here to stay. It is finally part of our economy.

First solar had $1.2 billion in 2008 sales, a lot of the money is thanks to the generous government rebates. This amount of money is a milestone for renewable energy. As renewable energy, including: solar, wind, and biomass make up only a fraction of current electricity generation. As seen in First Solar’s success, these energy sources are expected to rapidly grow in the coming century.

First Solar began making thin-film in the 1980s with the energy crisis, but staying profitable was nearly impossible. With research and technology, First Solar has brought down the price of solar significantly. It now boasts that it can produce solar panels at $1/watt. This is an important benchmark because solar can now effectively compete with non-renewable energy such as coal and oil.

First Solar Company on S&P 500 – First Solar

Rich Hessler
Solar Franchise
(949) 208-0221