Are solar panels coming down in price?
By crockett182
@crockett182 (84)
United States
5 responses
@veganbliss (3895)
• Adelaide, Australia
6 Apr 11
You are right. They're expensive. Too expensive. Way, way, way too expensive!
The government as well as industry have been subsidizing solar panels since the 1970's & have they really gotten much better? No! Currently, in this country, it is estimated to take about twenty five years just to break even on the purchase & installation price! No investor worth their salt would put their money behind such ridiculous returns; it's better investing in property where the value of median priced residential property doubles every ten years - proven track history.
There are other much better, much, much cheaper ways of getting free electricity to power your household appliances. I have addressed this in other discussions I have started.
Anyway, to answer your question, yes - maybe they will get a little bit cheaper, just as they have been since they were put into production, but it still doesn't change anything, the figures will still be around the same.
@rsa101 (38166)
• Philippines
9 Dec 10
Interesting idea but you are right about the price. I am starting to see being sold in my place but in a smaller capacity and those that can really be applied to our homes are not that affordable as of yet. But it is a good investment to have one as they can help us with generating some free power to our homes.