02 Sep '11, 6pm

Falling Solar Panel Costs Are Great For Buyers, Bad for Producers

Falling Solar Panel Costs Are Great For Buyers, Bad for Producers

Consumers stand to benefit from the softening in prices as it translates into more solar capacity for the same amount. The lower prices give rise to the idea that solar leasing, an alternative to purchasing panels outright, may gain more traction. However, lower prices go beyond that. A solar industry analyst feels there is an ultimate benefit in the falling prices. It makes solar power leasing viable in states that have been written off in the past.Solar power leasing is designed to provide an alternative to purchasing a solar panel array upfront. Instead of buying the solar panels, consumers pay a monthly fee that reduces their electric bill. In a lease situation, a predetermined fee is set for 20 years. The consumer can also participate in a power purchase arrangement; the consumer buys power from the solar panels. A purchase arrangement is cheaper than buying from trad...

Full article: http://www.enn.com/business/article/43195

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