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The Cost of Solar Power Has Fallen 25% in 5 Months


Stashed in: Awesome, The World, Freakonomics

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Top Reddit comment:

The article they linked to said the reason for the price drop was an oversupply of solar panels by PV cell manufacturers, not a drop in cost of manufacturing. The over supply was caused by a rush to buy solar panels by the chinese in the first quarter, and then sudden drop in demand. So maybe if you wanted to buy a solar panel, now would be a good time to get some quotes

http://pv.energytrend.com/price/PV_Cell_Makers_Have_Lowered_Production_to_Survive_the_Off_Season_as_Prices_Along_the_Solar_Chain_Reach_New_Depths.html

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