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.
September 3rd, 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.
November 30th, 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.
January 4th, 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.