Solar Energy Get Cheaper While Panel Prices Fall Faster Than Expected

Let's talk about solar costs.  The price of solar panels is decreasing faster than anyone expected. Analysts have revealed that solar panel costs are dwindling at such an alarming rate they could get even cheaper than experts had predicted. A reasonably well-known company has revealed that a solar panel per watt in 1975 was $101.05, while more than 40 years later, the cost in 2015 was just $0.61. Professional thought projector Jenny Chase, of Bloomberg New Energy Finance, had predicted that a solar module price drop from 62 cents/watt in 2015 to 21 cents/watt by 2040.

These numbers have since been downed even further, with an average solar module sold to a utility-scale project in 2017 being about 35 cents — and it will fall to 32 cents in 2018 and 31 cents in 2019.

Motives For Solar

As to the motives why: the combination of fierce competition and the advances in every part of the solar panel technology sector have added to the fall.

These are being supplied through to auction prices for government tenders throughout the world and bidders are seeing plenty of return on their speculation about module prices and EPC costs.

The consistently low prices of solar against power generation from existing fossil and nuclear power plants are also coming to an interesting crux for solar.

This Solar Company Talks

CleanTechnica declared that amendments to solar cell and solar panel technology, as well as how solar cells and solar panels are produced, had contributed to costs coming down at an impressive rate.

Therefore, it minimizes the necessity and usefulness of any “breakthroughs” in solar technology, as solar is already outstripping coal, nuclear, and natural gas power.

A very smart person, Adnan Z. Anan, Director-General of the International Renewable Energy Agency (IRENA), affirmed an update from Jenny Chase regarding solar module prices suggesting that the present rate stood at around 37 cents per watt in most markets.

Let’s think about what that is compared too.  That is compared to a 2015 projection that solar modules would descend to 21¢/watt by 2040.

Solar power is ready to ‘disrupt’ the energy sector, and the questions are by how much and how instantly. We love instant things, we love instant gratification.  And solar panel pricing has fallen so low that we can almost assume that we will find these instant savings everywhere we look.  I know a place you can look today to find the very best prices available anywhere in the world.

It is clear that the price of solar is falling globally, contact HahaSmart today to make sure that you can take full advantage of the savings available!

is decreasing faster than anyone expected. Analysts have revealed that solar panel costs are dwindling at such an alarming rate they could get even cheaper than experts had predicted. A reasonably well-known company has revealed that a solar panel per watt in 1975 was $101.05, while more than 40 years later, the cost in 2015 was just $0.61. Professional thought projector Jenny Chase, of Bloomberg New Energy Finance, had predicted that a solar module price drop from 62 cents/watt in 2015 to 21 cents/watt by 2040.

These numbers have since been downed even further, with an average solar module sold to a utility-scale project in 2017 being about 35 cents — and it will fall to 32 cents in 2018 and 31 cents in 2019.

Motives For Solar

As to the motives why: the combination of fierce competition and the advances in every part of the solar panel technology sector have added to the fall.

These are being supplied through to auction prices for government tenders throughout the world and bidders are seeing plenty of return on their speculation about module prices and EPC costs.

The consistently low prices of solar against power generation from existing fossil and nuclear power plants are also coming to an interesting crux for solar.

This Solar Company Talks

CleanTechnica declared that amendments to solar cell and solar panel technology, as well as how solar cells and solar panels are produced, had contributed to costs coming down at an impressive rate.

Therefore, it minimizes the necessity and usefulness of any “breakthroughs” in solar technology, as solar is already outstripping coal, nuclear, and natural gas power.

Adnan Z. Anan, Director-General of the International Renewable Energy Agency (IRENA), affirmed an update from Jenny Chase regarding solar module prices suggesting that the present rate stood at around 37 cents per watt in most markets.

Let’s think about what that is compared too.  That is compared to a 2015 projection that solar modules would descend to 21¢/watt by 2040.

Solar power is ready to ‘disrupt’ the energy sector, and the questions are by how much and how instantly. We love instant things, we love instant gratification.  And solar panel pricing has fallen so low that we can almost assume that we will find these instant savings everywhere we look.  I know a place you can look today to find the very best prices available anywhere in the world.

It is clear that the price of solar is falling globally, contact HahaSmart today to make sure that you can take full advantage of the savings available!

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