Solar Power – Swanson Effect and the China Factor
January 01 1970If you are considering Solar for your Energy needs, chances are your first question will be: How much do Solar Panels cost and have the prices bottomed out? Let us look at what Richard Swanson the founder of SunPower Corporation had predicted. He predicted that the price of Solar Photovoltaic Modules tends to drop 20% for every doubling of cumulative shipped volume. Crystalline silicon photovoltaic cell prices have certainly fallen from $76.67 per Watt in 1977 to presently $0.36/Watt. The question today has moved from how much does a Solar Panel cost, to when will the price bottom out? Let us look at what market pundits say. ...
Continue reading