According to the most recent New Energy Finance report coming out later this week, the cost of the silicon used in solar panels is dropping. The firm predicted this drop in August of last year and, according to them, it seems to be coming true. Oddly however, this is the opposite of  the findings of Photon Consulting, who predicted earlier this month that prices for solar cell silicon will rise.

As a major component of solar panels, silicon’s cost has a large impact on the end user price for solar panels. In the last three years or so a relative lack of solar panel grade silicon has kept the costs high.

Who is correct about the future costs of silicon? Will the cost of solar power be dropping signifcantly in the near future? We’ll let you know as soon as we do.