Rochester, NY 8/25/2009 9:25:28 PM
Safeway Inc. SWY, Solar power keeps buyer away from the Rising cost of projects
Safeway Inc. SWY
The Solar power has become a tough sell. Even the enthusiasts like Safeway Inc., the Pleasanton-based grocery chain adopter earlier of renewable energy and a supporter of climate-change legislation.But with financing costs rising.
In other solar buyers are finding it difficult to make the economics work. Waidelich said even though solar panels are much cheaper than last year, that the benefits is heavily outweighed by the increased cost of borrowing money to finance installations and declining incentives offered by the state and utilities.
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