As an owner and supporter of solar power, I find the lowering of solar panel pricing to be good for the environment. Since the energy boom, many companies jumped on the solar bandwagon. This surge of companies created a surplus of panels and a lack of demand. Electric companies are paying less per kilo-watt hour now than previously. This was once a firm selling point, to sell excess stored electricity, now it is a mere byproduct of solar energy. Energy companies are buying back excess energy at 100$ per KwH, when they were once buying them for 1000$. Companies are currently fighting over the small group of supporters who are interested in installing solar panels. This fight for survival is leading to a price cutting war, almost to the point where companies are sacrificing profit in order to stay afloat. Panels are now selling at 80-85 cents per watt from a previous high of 95 cents in 2011. Stock has also been decreasing from an average of 2.71$ to 1.70$ for a Suntech, a major provider of solar energy.
Although companies are failing to show profit, solar panels and solar energy is very important to our economy and environment. It will continue to be vital into the future. With solar panels we can reduce our carbon footprint and rely less on fossil fuels. I truly believe the lowering in solar panel pricing will make this technology affordable and accessible to more families and companies.
More information can be found at: http://www.msnbc.msn.com/id/47043457/ns/business-going_green/#.T4uFKbMV1uw
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