Why Have Solar Panels Gotten Cheaper

Analysts have even developed an explanatory model swanson s law to explain the phenomenon.

Why have solar panels gotten cheaper.

If you re wondering where to get cheap solar panels there are a number of ways to evaluate the expense of solar based on location chinese solar panels are known for being one of the least expensive markets in the world but nations like germany and the u s. Where can you find them. At some point lower cost will help solar start to meet a. The more solar panels there are the better manufacturers become at making them and the cheaper they become to ship.

These corporate buy ins have the added effect of encouraging solar growth and development thus driving overall costs down. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Major companies like walmart apple ikea and target have installed solar panels at some of branches and set a great example for other corporate citizens and private residents alike. How are you financing your solar panel system.

According to swanson s law whenever the production and shipment of solar panels doubles panel prices drop by 20 percent. Indeed it s also possible to interpret the iea s 2010 forecasts as to say that solar electricity is now cheaper than the iea thought it would ever be back in 2010 in short solar prices have dropped faster and lower than almost anyone has expected. In fact it s expected to steadily drop in price through the year 2050. Cheap solar panels for sale.

And because the price will always be dropping there s really no point in waiting because there s no bottom price in sight. How solar power has gotten so cheap so fast solar power has long been seen as something that s coming in the future a promising technology that s just too expensive for widespread use. I look at why these forecasts have been so wrong in appendix 2. Solar power has gotten dramatically cheaper in the past 10 years and is absolutely expected to continue to get cheaper.

And while solar may still provide a puny percentage of today s power generation in 2014 it was still less than one percent solar panels are getting cheaper so quickly that barring a doomerish collapse of the global economy we can expect solar to just keep going down in cost.