Commodity Prices Of A Solar Panel

Bnef estimates that by the end of 2018 commodity solar panel prices will drop to 0 24 per watt.

Commodity prices of a solar panel.

Solar power currently accounts for only 1 percent of total renewable energy sources but it s one of the fastest growing areas in the commodities arena. This relates directly to the output of a solar panel in watts. 14 22 is an acceptable efficiency range for panels produced by major manufacturers. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

But to view solar panels as a commodity in the same way that eggs or copper are commodities is simply inaccurate. A commodity can be traded more easily in a consistent price range and with predictable quality according to speakers arguing whether solar modules are or are not commodities in the annual gtm. It is expensive but it needs to be compared to a brand new premium roof and a 12 3 kw solar system. Some people in the pv industry say that solar modules are commodities.

Certainly panel prices have dropped rapidly over the past few years and talk has abounded of more customers making product choices based primarily on cost. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Governments around the world are in the process of announcing massive infrastructure spending programs dedicated to harnessing the sun s power and turning it into electricity and other forms of energy. On a longer time horizon the company is still impacted by changes in commodity solar panel performance and technology but these contracts will mute the impact if prices fall.

A solar panel s efficiency rating refers to the amount of sunlight the panel can convert into usable energy. A 12 3 kw system the same as the solar panel system quoted above ends up costing 48 128. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Posts tagged solar panel solar demand key in 2017 for silver prices.

As suntech engineer stefan jarnason wrote in greentech media if solar.