NY Times readers have been forwarding me the August 26, 2009 article, “More Sun for Less: Solar Panels Drop in Price”. Many thanks to Sarah, Pete, and Richard who passed along links!
Solar panels are often the most expensive component of a PV (photovoltaic) system. The drop in price is really a big deal. The drop is being driven by a glut of panels on the market. Demand serves to keep the cost of these panels up. I run into a lot of folks who like to postulate that price will come down as more folks buy the technology. I find this outlook to be a bit jingoistic. They assume that because no one on their cul-de-sac has solar panels that this must be a fledgling industry suffering from an inability to mass produce a product. To understand the economics that drive the cost of solar technology you have to look beyond the borders of the
Less than 35% of GE PV panels were slated for the U.S. market in 2006
The NY Times article highlights the cessation of solar incentives in
So how much cheaper are solar panels? I disagree with the Times perspective that reports a 40% decrease in cost. What I’ve seen is a drop that ranges between 11% - 20%. Not bad. Eventually I think the cost will come back up. As more homes and businesses in the
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