Are Solar Panels Cheaper Now

When it was first introduced solar power was so expensive that it was a punchline in the energy business.

Are solar panels cheaper now.

1 one way to think about it is that the sun isn t going anywhere for now and so it s what s known as a renewable resource. Since then prices have fallen and today solar power is cheaper than coal. The most solar power ever flowing on the state s main electric grid and the most solar power ever taken offline because it wasn t needed. Solar power has gotten dramatically cheaper in the past 10 years and is absolutely expected to continue to get cheaper.

Dec 16 2016 over the past six years the cost of solar energy has dropped dramatically to the point where it is now even cheaper than wind power in emerging markets like china and india. And because the price will always be dropping there s really no point in waiting because there s no bottom price in sight. It s now easier than ever for the savvy consumer to get a quality solar system at an affordable price. While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment.

Canadian solar 320 watt module black mono perc mc4 cs3k 320ms 35mm frame solar panel. California set two renewable energy records last week. Heliene 385 black mono solar panel. 65 9 x 39 1 x 1 38 in 205 00.

Learn more about your potential savings in our design studio. Use solar energy to power your home and reduce your dependence on the grid. Install your solar panels now especially because tax credits do expire. According to the world economic forum wef installing new solar panels is cheaper than a comparable investment in coal natural gas or other fossil fuel options.

This price decline combined with government incentives and flexible solar loans means that fewer homeowners need to cut corners. It s worth taking some time to review all of your equipment options and find the right combination of price and quality for your home. The good news is that solar panels have seen a big drop in prices and increase in efficiency over time. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.

In fact it s expected to steadily drop in price through the year 2050.