The solar industry has been struggling this year against weak demand, ample supply and sliding prices.
Which means that for anyone thinking about putting solar panels on their roof, there probably hasn’t been a better time.
This is the opening paragraph of the Wall Street Journal article yesterday, “Let the Sun Shine. With the price of solar panels falling, now may be a good time for consumers to take a look,” by writer, Cassandra Sweet.
All along the supply chain, prices have been falling, and could fall further still. Silicon, a main ingredient in most panels, has been selling for as little as half what it went for a year ago, while some panels and installed systems can be had for 25% less, retailers and installers say. Throw in a 30% rebate offered by the U.S. government, plus rebates in California, New Jersey, New York and other states, and, depending on where you live, you could be looking at $15,750 for a system that would have cost nearly twice as much a year ago when the federal rebate was much smaller.
The bottom line: several factors are coming together to make it a compellingly smart financial decision to invest in solar now! For the full article, click here.