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Solar Power Price Decline Both Good and Bad

1 min. read

The rapid decline in the price of solar panels has been impacting the industry in paradoxical ways.  As this Reuters article explains:

...the same price decline that has hurt panel manufacturers has helped sustain demand in the face of disappearing subsidies. That means a number of businesses, such as those that install household solar equipment, continue to thrive.

[...]

Despite the bloodbath among manufacturers, solar capacity is being sold and installed at record rates, and there are still good reasons to invest in panels themselves, if not in the companies that make them.

Europe aims to get 20 percent of its energy from renewables by 2020, from about 13 percent in 2011.

This year, the volume of installed panels worldwide is expected to rise at least 12.5 percent to more than 35 gigawatts, according to data from electronics consultancy IMS Research. That is still equivalent to only about 0.2 percent of global electricity production.

In other words, solar power is booming, even as the industry goes through highly tumultous times. That's a paradox - both good and bad at the same time.