Have you ever wondered why solar panels keep getting cheaper?

As the world becomes accustomed to solar power and the usage increases, they have to produce more solar panels and the cost to make those panels gets less expensive as the number of panels manufactured increases. It is pretty simple why solar panel technology keeps dropping in price.
 

Law's for solar panels

There is a law that goes by the name of Swanson’s Law and it illustrates the phenomenon explained above. The observation that the price of solar photovoltaic modules tends to drop 20 percent every time the manufacturing output of those panels doubles.  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 process of solar panel manufacturing

There are no moving parts on the solar panels. The characteristics of silicon regenerate light into electricity. Because of this, the panels are getting easier to manufacture, and they are lasting longer and longer without needing to be replaced or repaired.

When a new technological discovery happens in the solar industry, the cost is initially expensive, but they sink rapidly because over 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. 

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

Solar panel innovation continues to thrive

Apparently, this minimizes the need, value, and potential of any “breakthroughs” in solar panel technology since solar panels are already getting to the point where they 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.