Study Predicts Solar Prices to drop 28%
By: Jasun;Solar panel prices to plummet
Jun 2nd 2009
The average price of solar panels will drop by over a quarter this year, as falling demand and increased supplies of polysilicon combine to drive down prices.
That is the conclusion of a new study from research firm IC Insights, which predicts that despite the reduction in upfront prices, global solar photovoltaic installations will fall by 22 per cent this year as a result of the recession and the scaling back of some European incentives.
However, the report also forecasts that the expansion of new incentive schemes in the US, China and Europe combined with the fact that the polysilicon supply shortages that dogged the industry in recent years have been largely resolved means that the sector will …
From: Study Predicts Solar Prices to drop 28% this year – Solar Panel Forum