Solar PV & Renewable Energy prices


Archive for the ‘Solar Prices’ Category

Innovations That Will Keep Bringing the Price of Solar Down

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For the solar industry to ever be compatible with electricity derived from fossil fuels it must achieve grid parity. Steps in this direction are being taken across the globe and there is a clear trend in decreasing costs for PV panels and installation, which means more and more consumers can afford to choose solar power for their homes and businesses. One of the key factors that will contribute to solar energy being able to profitably compete with fossil fuel generated power without government incentives or subsidies is technological innovation. Major technological advancements in solar energy generation will help make solar power not only cheaper but also profitable. In the last few years there have been three major developments in the field of solar technology that will continue to propel the solar industry forward.

Thin-Film Solar Cells

image of Thin Film Solar Panel

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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July 2nd, 2012 at 8:16 pm

Innovative way to Finance Your Solar System: FHA loans and home equity lines of credit

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If you are a clean energy enthusiast and always look for ways to make your home greener, there has never been a better time to switch out of the fossil fueled electric grid and instead power your home with solar energy. In the last few years there has been a dramatic drop in solar panel prices, making the equipment affordable for a lot more homeowners. Understandably, even with the lower prices, spending 10-15K out of your pocket is still a big expense for many people.

image of Residential Solar panels

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 29th, 2012 at 7:26 pm

Global Trends in Solar Power: USA

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The solar industry in the US is on an interesting trajectory of development and there are a couple of key factors at play that effect the growth and future viability of the industry. The last two years have been rocky for the US solar industry, with intense competition from Chinese solar panel manufacturers and resulting chain reaction of bankruptcies of a number of prominent US solar manufacturers. Despite these setbacks, the industry has been seeing growth, as the prices for solar panels have dramatically fallen, solar power became more accessible to consumers. Today, the US is the third largest solar market in the world, but it still has a lot of room to grow. It remains to be seen when solar power will reach parity with grid electricity and will become affordable for everyone who wants to switch to a clean source of energy. How soon this will happen will depend on many factors including government support, private investments, prices of solar manufacturing and installation, global competition and demand.

image of Obama speaking about US Solar industry

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 28th, 2012 at 7:07 pm

Posted in Solar Prices

Global Solar Power Trends – Asia (part 2)

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Over the last decade, Asia has been steadily claiming a central place in the field of renewable energy, and today many countries such as Japan, India and China have become major players that are actively pursuing the development and proliferation of renewable energy sources such as solar power. The rapidly developing economies of China and India coupled with populations in the billions, many of whom survive without such basic things as electricity, have become fertile ground for the solar industry, becoming both prime consumers and supplies of solar technologies. The active financial and policy commitments that many Asian governments have made to solar power will have a long lasting effect on the industry as a whole. Last year, we have already begun to see these affects in Europe and USA with Chinese manufacturers flooding the global markets with cheap solar panels, causing the prices to drop, making solar more affordable for average consumers and leaving many European and US manufacturers unable to compete and bankrupt. Asia’s role in the future of solar cannot be underestimated and the future of the industry will in great part depend on its development in Asia’s growing economies.

Japan

Image of Floating solar PV farm in Japan

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 27th, 2012 at 4:30 pm

Global Trends in Solar Power – Part 1: A close look at Europe

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For anyone interested in the future of the solar industry around the globe, Europe is a key region to be watched closely, as it is the leader in solar energy, containing nine of the largest fifteen solar markets in the world. Despite the prolonged economic downturn affecting solar industry, the debt crisis and a slow decline of government support for solar programs in a number of countries such as Germany, France, Spain, Greece and UK, overall Europe is demonstrating an unwavering commitment to solar energy and many countries have already surpassed their targets for renewable electricity for 2020.

In 2011, new European PV installations accounted for 26.7 % of capacity additions, which is roughly equal to 20.9 GW (over 75% of the global total (27.7 GW)). Moreover, according to Bloomberg New Energy Finance report, 2011 was also a strong year for investment into solar energy, with an sizable increase to $136.6 billion, which is a 5 percent increase over 2010 levels and an impressive five fold increase over 2004 totals.

The current trends in the solar industry of a number of leading European countries is profiled in detail.

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 12th, 2012 at 2:27 pm

Price Trends for Solar Power

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Over the last couple of years there has been a clear global downward trend in the prices for solar cells and microchips. There are a number of underlying reasons for this trend, which include oversupply of the commodity materials that the solar cells are manufactured from, reduction in European and American government subsidies to solar companies and manufacturers, oversupply of cheap solar panels produced in China, and new players from China and Taiwan in the supplier mix. While this reduction in prices has been positive for consumers both in Europe and USA who have been taking advantage of the lower prices to either install or lease solar panels for their homes and businesses, this downward trend has contributed to a number of big bankruptcy cases among both US and European manufacturers. It remains to be seen whether this trend will continue and what will be its consequences for consumers of solar power and for the growth of the industry itself.

Polysilicon Prices Drop

Polysilicon, a brittle charcoal-colored semiconductor baked in ovens at 600 degrees centigrade, is a cheap raw material that is used in the manufacturing of solar cells and microchips. According to Bloomberg research, only three years ago it sold at $475 per kg, but since then the top five producers have more than doubled their output, causing the prices to drop a whopping 93% Currently, the price for polysilicon is only $33 per kg. This overproduction trend is set to continue according to analysts at Macquarie Group Ltd: next year the industry is projected to produce 28 percent more of the raw material than will be consumed, which is up from 20 percent this year.

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

Follow Levchik B:

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Written by Levchik B

June 4th, 2012 at 6:45 pm

Posted in Solar Prices