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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 17, 1975
Page
10
Solar heating attracts scrutiny as oil shortages rise but costs from $5,000 to $98,000 deter buyers. Experts warn of unreliable performance, lack of consumer safeguards, and long payback periods. Banks show hesitance and federal aid is limited while regulations lag behind.
Energy types are pricing themselves out of the market and solar could fill the gap says Holmes. Banks remain reluctant to fund solar heating because they view it as unproven. It is hard to find lenders convinced the system works and the technology remains a major concern.
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