So­lar Prices Hit Rock Bot­tom — Buy Now!

Trillions - - From The Publisher -

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!

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