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Will Solar Energy Prices Decline?

By Solar energy | November 6, 2008

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Will Solar Energy Prices Decline for Home Solar Energy?

Those of us moving toward using solar energy for our homes gather around to see what solar prices will be in the coming year.

The Wall Street bailout—whether we agree with it our not—brought good news in the form of a promised 30% tax credit for solar purchases. Taking 30% off the ticket price of a home solar system is a good deal.

Some experts expect the average selling prices (ASPs) of PV modules to decline.

“After subsidies, Plan B for module makers is to sell products at a discount to keep inventory moving. It helps that manufacturing costs continue to decline about 10% each year, thanks to design improvements and benefits of scale.”

However, our president-elect say he may have to cut back on his green energy plan.

“Despite Obama’s sweeping win on Wednesday, that might be a lofty goal given the $700 billion already committed to rescue Wall Street, the drop in tax revenue from a weak economy and the sharp decline in gasoline prices that puts energy issues on the back burner for some.
“The main threats to Obama’s energy plan are declining energy prices and the financial meltdown,” said Jerry Taylor, energy expert at the Cato Institute.
As a result, Taylor said he doubted Obama would make energy one of his top goals during his first two years in office.”

While we may not always see the sunnier side due to current environmental, economic, and political issues, incorporating solar energy is a good direction.

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Topics: Renewable Energy Politics, Renewable Energy Tax Incentives, home solar energy | No Comments »

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