Per Watt Price is Coming Down for Solar Energy

Posted on 26 March 2011

The rates of electricity will keep going up and up unless you do something about it! As the cost of electricity is  unbearable, there is no better time to make an investment in solar electric panels. This is the time to take the right step towards owning your own solar power. This is a proper time to take such an action because the per watt price of Solar energy is falling. This decline in cost has been driven by economies of manufacturing scale, advancement in technology, improvements in design, and the increasing efficiency of solar cells.

Low Cost Of P/Watt

Let’s say if you’re an owner of Solar Power and you are paying $8 to $10 per watt, then you do not have to pay that much from now onwards. The news is per watt price of Solar Energy now is $6 and $8, before rebating your amount of tax. It does not include the incentives too. The rate of per watt is even lower in some parts of the country. Anyhow, this is great news for a possessor of Solar Power.

Low Solar Price

In this regard, $24,000 is the lowest and $40,000 is the highest price of non-subsidized solar power. The price excludes the rebates and tax incentives. The p/watt price of solar is coming down day by day. One can save up to 50% to 60% amount, if you’re an inhabitant of some specified areas of the US.

Prices Differ In Some Neighbourhood

As mentioned earlier, the price may differ with respect to the regions. One would pay the $6 to $7 p/watt and will receive ideal reception of solar energy before installed at rooftop. The change of price occurs due to the fact that some costumers buy panels via distributors and some from manufacturers. Whenever the middle man is involved in the purchase of product – the price will differ.

50% Money Save By Solar

Another fact is the labor costs, rent, insurance, etc, which deviates and depends upon your living locality. Also, the thing which makes more or less expensive is the accessibility of your home to solar. $2.74/watt to $3.26/watt are the humblest prices showing for the different types of solar panel by different sites.

Advanced technologies have bestowed to the terrific decrease in price, but primarily it is due to the raise up in manufacturing volumes, benefits of solar energy are being realized by people more than ever.

 

 

 

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taimoor - who has written 19 posts on Renewable Energy.


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