Solar Technology Impacts Prices

It is pretty simple why clean energy technology continues to go down in price. As the world gets hooked on solar energy and the usage increases, they have to make more panels and the price to make those solar panels gets less expensive as the number of solar panels manufactured increases.

Technology Impacts Prices

There is a law called Swanson’s Law and its about the phenomenon I shared above. The observation that the price of solar photovoltaic modules tends to go down 20 percent every time the manufacturing output of those panels doubles. As the volume of panels doubles, the cost goes down 20 percent. This explains the price cut since the 1970s.

This also means that panels are half the price they were just 10 years ago.The nature of silicon already naturally turns light into electricity. There are no moving parts on the panels. Because of this, the solar panels are getting easier to manufacture, and they are lasting longer and longer without needing to be replaced or repaired.

Then as the technology grows more popular, the prices go down. As the technology becomes universal, panel cost and innovation will continue to improve. When a new technological breakthrough happens in the solar industry, the price is initially expensive, but they drop rapidly because again this is a natural matter that we don’t have to mess with too much.

There is no engine, there are no turbines to create the power, just the solar cells doing what they do naturally.

Incremental Improvements

With incremental improvements to solar cell and panel technology and improvements to how solar cells and panels are created, prices have been coming down at an impressive rate and are putting solar at that point.

Theoretically, this decreases the need, usefulness, and potential of any “breakthroughs” in solar technology since clean energy is already getting to the point where it will beat already built and operating coal, nuclear, and natural gas power, the technological breakthroughs keep happening, and more people continue to install panels on their residences.

If you want to move into the future and join the clean energy revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.

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