Solar PV & Renewable Energy prices


Benefits of Solar Carports: Green Living in the 21st Century

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Imagine having an EV and charging its battery at a solar carport rather than from an electric outlet. While it may sound like a far-fetched fantasy, the reality is its already happening. Solar carports have been growing in popularity as more business large and small have started to realize the benefits and financial savings that can be gained from them. A solar carport is an ideal solution for facilities and commercial spaces looking to save on electricity costs by utilizing clean, cost effective solar power, and to provide a convenient covered parking space for employees and customers. Solar carports are specifically designed to ensure proper coverage and alignment of solar panels without sacrificing valuable parking, drive and walkway spaces.

Another significant benefit that can be derived from a solar carport, which many businesses and research institutions are actively investing in, is using solar power that it generates generated to charge electric vehicles, so that they run on solar energy instead of grid electricity. This is a truly innovative way to further reduce CO2 emmisions, and lower our dependence on fossil fuels. What can be better for our earth than combining the benefits of such green technologies as solar power and electric vehicles to jump start a totally new, eco-friendly way of living in the 21st century.

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Written by Levchik B

June 12th, 2012 at 1:28 am

Top 3 Game Changing Innovations in Solar Technology: 2012 Edition

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While currently the US solar industry may be experiencing some tumultuous times as a result of decreasing government support, lowered demand, and intense competition from Asian solar manufacturers, one thing is clear – the industry still has a shot at surviving and flourishing because solar technological innovations keep rolling in. According to Lux Research, new solar technologies that are being developed today will replace what is currently in use within 3-6 years. Innovations in materials and cell design will provide more efficient and less expensive alternative to the solar panels sold on the market today. Not only will these innovations be beneficial to consumers by bringing costs down to less than a $ 1 per watt, they will enable solar companies and manufacturers to improve their profit margins, which is the key to staying in business and growing. Ultimately, for the industry to mature, it needs to reduce their capital and materials costs and increase profits, and there are a number of innovations that have the market potential to make this shift happen.

These inventions are highly likely to propel the industry forward because they offer efficiency improvements and cost reductions of already existing systems and do not require major shifts in infrastructure that is currently in place. Check out our list of top 5 technological innovations that will be game changers for the solar industry.

1. Direct Solidification

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Written by Levchik B

June 11th, 2012 at 8:07 pm

Current Trends in Government and Private Investor Funding for the US Solar Industry

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Over the last couple of years there have been clear signs that the solar industry is heading toward a tough period in its development because of a steady decline in both government and private funding for large scale solar projects and companies. This trend was first evident in Europe, where countries struggling to deal with the financial crisis, started scaling down on investments into alternative sources of clean energy such as solar power. While the Obama administration was an avid supporter of the budding domestic solar industry during the president’s first term, tough economic times have also lead the government to cut back on its funding. Private venture capital firms in the US are in a similar position, many have chosen to withdraw their initial support and funding and pursue safer investment opportunities. As the solar industry in the US struggles to get back on its feet, facing stiff competition from heavily subsidized Chinese solar panels, it remains to be seen whether the tides will turn once again and the industry will get both public and private assistance that it currently seeks to survive.

Downturn in private investment: Uni-Solar’s bankruptcy auction canceled

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Written by Levchik B

June 4th, 2012 at 7:22 pm

Uni-Solar’s Bankruptcy and what it reveals about the state of the Solar Industry in US

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The solar industry in the US has been experiencing a noticable downturn after a few years of booming growth, forcing a number of major manufacturers to file for Chapter 11 bankruptcy. The demand for solar panels has been on the decline while the supply has drastically risen fueled by massive imports from China, causing a drop in panel prices that most US manufacturers cannot compete with, even with government support. Uni-Solar is yet another prominent domestic manufacturer of solar panels that had to file for bankruptcy. The company’s financial situation, subsequent worker layoffs and a recent cancellation of the bankruptcy auction offer a telling commentary on the general state of the solar industry in the US today. While there can be no doubt that the domestic solar industry is only in its infancy and it is normal for a new industry to experience growing pains, the reality is that the industry’s future depends as much on the natural adjustments of supply and demand as on its ability to effectively restructure its operations, and secure government and private funds.

Uni-Solar files for bankruptcy

Uni-Solar, manufacturer of makes thin-film solar products for commercial rooftops and metal roof integrated solar systems, filed for Chapter 11 bankruptcy protection on February 14, 2012. As the reason for bankruptcy the company sited that it has $263 million in debt notes due next year that it is unable to repay.

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Written by Levchik B

June 4th, 2012 at 7:09 pm

How do solar leasing programs work – Solar PPA guide for homeowners

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Do you wish you could switch to solar power, but are simply unable to afford the steep upfront cost of solar panels and installation? Today, you can join the ranks of many homeowners who have made the switch without incurring any out of pocket costs by leasing the solar equipment instead of buying it. This innovative option may also be referred to as solar financing, solar power purchase agreements, or solar rental programs. Solar leasing has been rapidly spreading across the US, becoming the fastest growing division of the solar industry, with more and more companies offering homeowners the convenience and flexibility of a variety of leasing models. Thanks to the support, incentives, and tax breaks from local, state and federal government, solar companies can make the switch to solar leasing for you virtually effortless. If you believe in the concept of clean renewable energy, want to have a more green lifestyle and save on your electricity costs, this is an ideal time to take advantage of a solar leasing program.

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Written by Levchik B

June 4th, 2012 at 6:58 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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Written by Levchik B

June 4th, 2012 at 6:45 pm

Posted in Solar Prices