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Good news for the industry is that residential customers have continued to buy, thanks to continuing, if diminished, subsidies around the globe and the social cachet of lower utility bills.
Another way to think about the difference is to think about the kinds of plans these diminished subsidies are supposed to buy. .
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The private sector will not rush to fill the void created by diminishing subsidies.
Another casualty of diminishing subsidies could be the solar sector's historically stellar margins.
These challenges include diminishing subsidies, the need to integrate variable generation resources into the existing grid, displacing existing generation instead of meeting new demand growth, and the significant need for cheap capital – especially in developing countries.
Diminishing subsidies and support for renewables under the current UK government led the World Energy Council [WEC] recently to downgrade the UK from AAA to AAB rating for its energy policy.
Their wages are worth less today than they were 25 years ago, while diminishing government subsidies for food and utilities have raised the cost of living.
By the 1980s, the frontline had moved to the settlements in the occupied territories and the kibbutzim began to sag under the burden of heavy borrowing, rampant inflation and diminishing government subsidies.
At first glance it appears that Mr Davis, a former Republican who also ran (unsuccessfully) for office as a Democrat, may be siphoning support away from Ms Corwin.But the fall in Ms Corwin's support could be more because of her endorsement of Paul Ryan's proposal to replace Medicare, the public health-care scheme for the elderly, with diminishing government subsidies for private insurance.
Hidden behind these glowing CAGRs is a mass of shadows, including the prospect of diminishing government subsidies, an oversupply of modules, rising materials costs and the freeze among credit markets.
While the good news is that solar technology is poised to continue its impressive growth streak, the bad news is that a perfect storm is on the horizon as a wave of supply converges with diminishing government subsidies and a very chilly credit market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com