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Solar Panels See Overall Price Drop

Solar Panels See Overall Price Drop

Now is the time to start outfitting your home with solar panels. Why? Because solar panel prices have dropped about 40% since the middle of last year, driven down partly by an increase in the supply of a crucial ingredient for panels, according to analysts.

The price drops, which are paired with recently expanded federal incentives, could lessen the amount of time it takes solar panels to pay for themselves to 16 years, from 22 years, in places with high electricity costs, according to Glenn Harris, chief executive of SunCentric, a solar consulting group. That calculation does not include state rebates, which can sometimes improve the economics considerably.

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4 Comments

  1. WilliamN

    September 3, 2009 at 5:40 pm

    Time has change and climate change play a lot of role in pushing solar power technology to its fastest development than any years in history. Today more and more homeowners are building solar panels on their own to get off from the grid and pay tribute to global cause. It’s just a matter of short year where this will be in the mainstream.

  2. Solar Panel Cost

    November 30, 2009 at 1:06 pm

    I’ve heard that the prices are going to continue to drop by another 10% by the end of the year. That’s really cool! And with innovative new solar technologies like flexible solar panels and peel and stick panels, solar panels are becoming an awesome energy solution.

  3. Olivia

    January 4, 2010 at 8:36 pm

    I work with Sharp and they have an innovative solar power product line. Not only have solar panel prices decreased there are many incenctives for the customer. State rebates and federal tax credits are still being offered and installing a system protects you from rate hikes.

  4. Vitor

    December 7, 2015 at 11:53 pm

    You can put solar panels anhreywe there’s sunlight and you have legal ability to do so.The roof of a house is a good one since it doesn’t use up any more land; in the northern hemisphere a south-facing roof is best.Solar panels consist of two different materials stuck together. Traditionally it’s silicon doped with phosphor, stuck to silicon doped with boron. Silicon forms 4 bonds, and to fit in with this, one dopant has a spare electron, one dopant has an electron missing. At room temperatures, thermal energy is enough to liberate the spare electron from one dopant, and it moves around until it slots in’ with the other dopant.You’ve just moved electrons from one side to the other, creating a charge difference and therefore an electric field/voltage.When light hits the panel, it can be absorbed by an electron which uses its energy to move up an energy band in the semiconductor where it can move, leaving a hole’ behind. The negative electron and the positive hole then move in opposite directions under the influence of the electric field you produced earlier.Moving charge is a current, or electricity. You can draw this off by attaching electrodes to each end.

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