Home > News > Solar panel prices fall sharply
August 27th, 2009
Solar panel prices fall sharply
Abstract:
Market analysts at investment bank Piper Jaffray said the cost of solar panels has plunged in the past year due to increased supply and decreased demand.
The price of a critical ingredient for many solar panels, polysilicon, has dropped as more producers have entered the market.
"A ton of production, mostly Chinese, has come online," Chris Whitman, president of U.S. Solar Finance told The New York Times.
Source:
upi.com
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