In 2017, the price for high-efficiency solar panels dropped from 72¢/W to 45¢/W, representing a 37 percent decline in cost. The falling price point is driven by several factors, including American consumer demand for higher solar efficiency to compensate for the higher-than-average energy consumption of the average American, as well as Chinese state investment in high-efficiency solar panel production. The shift is also a result of technological change as poly crystalline solar panels switch to mono crystalline, which are at least 10 percent more efficient while only 6 percent more expensive. Meanwhile, the price continues to drop.
The cost of high-efficiency solar panels fell 37 percent in 2017
More of Today's Solutions
EU launches action plan to tackle cyberbullying and protect children’s mental...
BY THE OPTIMIST DAILY EDITORIAL TEAM As young people spend more of their lives online, the risks they face have become harder to ignore. ...
Read MoreBefore you buy: 6 smart questions to avoid impulse spending
BY THE OPTIMIST DAILY EDITORIAL TEAM We have all heard the advice: buy what you need, not what you want. In theory, it is ...
Read MoreRevumenib: the breakthrough pill curing leukemia in a third of patients
Patients with terminal leukemia who were not responding to treatment now have hope for a cure thanks to revumenib, a new experimental medication. In ...
Read MoreWhat is “weaponized kindness” and how can you protect your relationship from it?
In the delicate dance of love, kindness often serves as the melody that orchestrates harmony between couples. From modest gestures like morning coffees to ...
Read More
