Some reasons why solar panels continue to descend in cost

As the world gets hooked on solar power and the usage increases, they have to make more solar panels and the cost to make those panels gets less expensive as the number of panels manufactured increases. It's understandable why solar panel technology keeps dropping in price.
 

Solar panel installations and Swanson's law

The observation that the price of solar photovoltaic modules tends to drop 20 percent every time the manufacturing output of those panels doubles. There is a law called Swanson’s Law and it represents the miracle reported before. As the volume of panels doubles, the price 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 manufacturing process of solar panels 

There are no moving parts on the panels. The creation of silicon already directly turns light into electricity. as a consequence of this, the panels are getting easier to produce, and they are enduring longer and longer without needing to be replaced or restored. 

As the technology becomes universal, solar panel cost and innovation will continue to improve. Then as the technology grows more popular, the costs go down.

There is no engine, there are no turbines to create the power, just the solar cells doing what they do naturally. When a new technological breakthrough happens in the solar industry, the cost is initially expensive, but they drop rapidly because again this is a natural matter that we don’t have to mess with too much.
 

Small enhancements to solar panels keep adding to solar panel revolution

Theoretically, this decreases the need, usefulness, and potential of any “breakthroughs” in solar technology since solar 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 solar panels on their homes. With incremental improvements to solar cell and solar panel technology and improvements to how solar cells and solar panels are produced, costs have been coming down at an impressive rate and are putting solar at that point.

If you want to move into the future and join the solar 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.