Solar Prices Hit Rock Bottom — Buy Now!
In the last week of December, photovoltaic (PV) solar panel prices in China hit an incrediblely low price of .31/watt, with an average price of .36/watt. This price is likely below manufacturing costs for most companies.
It is unclear why prices dropped so low while demand remains high. It is possible that China has overbuilt its solar manufacturing capacity as it has done with many industries, or the government is behind the low price to prevent other countries from manufacturing panels.
In 2016, the Chinese manufacturer Canadian Solar opened a plant in Vietnam, where labor costs are lower and the regulatory environment more predictable. Perhaps China wants to keep some of its other solar manufacturers from moving to Vietnam.
For areas with a moderate amount of sunshine, solar is now the least expensive and one of the most environmentally friendly ways to produce electricity.
Even Texans are finally starting to see that putting solar panels on one's house does not make one an anti-texan granola eating weirdo and makes more financial sense than investing in the oil and gas industry. The solar industry in Texas is now really starting to show signs of life.
The solar industry is under attack in many states by corrupt politicians working for the obsolete fossil fuel industry but some governors are pushing back. In December, the governors of Ohio and West Virginia vetoed legislation meant to stifle the growth of solar.
Voters in Florida defeated an anti-solar constitutional amendment in November that was a clever ploy by power companies to slow the growth of solar. Their devious tactic backfired and the solar industry is now growing more rapidly in the sunshine state.
The U.S. just had its greatest expansion of solar in its history with more than 4,143 MW of PV installed in the third quarter alone.
Choose a better world and lower power costs— choose solar!