Low prices of solar photovoltaic panels fighting the $2 per watt range make it possible for investors to build economically efficient, profitable solar power plants and installations.
The prices of solar photovoltaic panels has fallen dramatically in recent months. News about manufactures starting to feel oversupply of production despite the growing activity in solar power plant construction has made many of them lower prices of modules that are commercially available.
While there are rumors and constant news reports about companies especially in the newest of the photovoltaic technologies trying to deal with the $1 per watt barrier the panels that are available commercially are still above $2 per watt peak. By commercially available we mean a purchaser fro a solar power project can pick up a phone a order them with at most a month to two months lead time for delivery, including possible production lead time for orders above a couple of tens of kilowatt (kW).
Recently SolarMaxDirect.com has lowered prices for large orders to $2.25 per watt peak.
With the 30% federal tax credit available for US projects the realistic cost in the project for panels is just $1.575. Having in mind the tax credit can be applied to all the costs for the project currently more than ever investing in solar power is economically efficient.
In addition to the federal tax credit many states offer a direct rebate on certain equipment up to a couple of dollar per watt and also many states offer special feed-in-tariffs (FITs) for the electricity produced by solar power installations.
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Low prices of solar panels allow investors to build profitable power plants « Spartacus said :
October 20, 2009 at 4:10 pm
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