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More affordable solar panels in 2009?

Generally most consumers don’t go solar because of the high upfront cost, but moving forward in 2009, not only are there more tax credits and other financial incentives for you to reap but the prices of solar panels are predicted to drop because of oversupply. This is great news for you as the consumer because a majority of the cost of a complete solar electric system comes from the solar panels.

The solar power industry has been growing at about 40% each year and there has been high demand for limited amount of solar panels which was one reason for the higher cost of solar panels. Now more manufacturing capacity has been deployed, therefore causing the oversupply in the market, thus dropping down the cost per watt. Do you think that more people will adopt solar power for their home or business next year? Do you think the challenges in the financial markets will slow down the growth rate of the solar power industry?

Author: Deep Patel

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