Are Solar Panel Prices Falling

But one question has never been fully addressed.

Are solar panel prices falling.

The median cost per watt for residential solar energy systems has dropped about 70 since 2000. What exactly accounts for that stunning drop. One of the challenges is bringing people up to speed about today s prices. That s an incredible price drop and one that the solar industry is actively working to make consumers aware of.

Since 1977 the cost of a new solar system has dropped significantly. The solar price slump solar energy is becoming much cheaper all over the world according to a gtm research study by solar analyst ben gallagher. A system that used to cost 76 77 a watt now costs a mere 3 74 a watt or less. The cost of u s.

However in the last few years price decreases have slowed and are decreasing at a rate of about 5 per year. Residential system prices will fall 17 over the next. Are individual solar panel prices still falling.