With large-scale solar outfits and individual panels going up all over the country, it’s undeniable that the U.S. solar market is widening its reach. So what’s in store for 2011? Lower prices and a demand that’s nearly double what it was last year.
Over the past two years, solar product manufacturers have been forced to compete with similar companies in China and Taiwan that are slashing prices to increase sales.
This in turn has led to a greater availability of those products, which were at one time only practical for people with a sizable budget.
How much is the price drop, exactly? Right now wholesale solar panel prices sit at $1.50 per watt, a figure that is expected to fall at least another 20% by the end of 2011.
Large scale-installations, for instance, can earn solar developers a tax credit of 30% of the total cost of installation.