For all the right’s whining about Solyndra, the dropping price of solar materials is good news to most everyone else.
I’m thinking it might be time to get another quote for panels on our home.
The installed price of solar photovoltaic power systems in the U.S. fell substantially in 2011 and through the first half of 2012, according to the latest edition of Tracking the Sun, an annual PV cost-tracking report produced by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab).
The median installed price of residential and commercial PV systems completed in 2011 fell by roughly 11% to 14% from the year before, depending on system size. In California, prices fell by an additional 3% to 7% within the first six months of 2012.
These recent installed price reductions are attributable, in large part, to dramatic reductions in PV module prices, which have been falling precipitously since 2008, according to Berkeley Lab.
via SolarIndustryMag.com: Costs Of Solar Energy Rapidly Declining Throughout U.S. Market.