Think solar energy’s too expensive to install? Think again! In a recent report released by the independent consulting firm Ernst & Young, prices of photovoltaic solar panels are falling rapidly… so rapidly, in fact, that by 2013 they are expected to cost only half what they did in 2009. The cost of solar panels is generally described in terms of the price of each watt of peak capacity. In 2009, the cost per watt was $2.00; it is now at $1.50 per watt. With just a little simple math, it’s evident that in less than two years it will fall to a mere $1.00 per watt. This finding is significant because, as the cost of fossil fuels continues to rise with no end in sight, solar power has the potential to become extremely cost-competitive, regardless of whether or not the government subsidizes its use.
In addition to panels becoming more affordable, the use of solar energy provides a number of benefits for both homeowners and businesses, not the least of which include rebates, tax incentives, and lower utility costs over the long run. Solar energy is a renewable, sustainable form of energy that can help you reduce emissions and with them, your carbon footprint. As costs continue to fall, its widespread use is sure to grow.
Industry experts are expecting this to happen in just a few months (see link below). Costs are coming down very fast. Of course, like any other market, it's largely influenced by supply and demand forces, so predicting short term fluctuations are difficult.
ReplyDeletehttp://www.isuppli.com/Photovoltaics/News/Pages/Historic-1-Per-Watt-Solar-Modules-Just-Months-Away.aspx
The solar energy provides a number of benefits for both homeowners and businesses and that is help our to reduce emissions.This post provide solar panel in lower cost.
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Solar panel installation
Residential solar panels are the future. One of the problems large utilities investigating solar power face is where to store the excess energy. Also, the infrastructure required to transform and then transfer the energy.
ReplyDeleteIn a residence solar power system, that doesn't matter - it can have storage batteries right at the residence. Residences can choose to only supplement their energy use - not completely replace it. The dropping costs of solar panels is only a good thing for our future...
That is excellent news. With the solar panel's prices getting more affordable, more and more people would be able to take advantage of this technology. I hope the price continues to go down so that even those people from the developing countries will be able to afford it.
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