Photovoltaic Panels Prices Decreases by 50% in One Year (and How Will These Affect Electric Cars)

photovoltaic panels prices

Photovoltaic solar energy once part of industrial phase are absolutely necessary to cut down its production costs for meaningful photovoltaic implementation in the multi energy sources. According to Reuter’s reports the prices of crystalline solar panels have declined from the 4.2 USD / Wp to the current 2USD/Wp.

Despite these significant reductions, it is estimated that the price to fall further in the next few years settling in 1.40 USD / Wp in late 2010 and 1 USD/Wp by the end of 2011. While it is believe that the thin film could be placed in this date at a price that would be ranging from 0.6 USD / Wp and 0.8 USD / Wp

The same ASIF (Photovoltaic Industry Association of Spain) places the grid parity for photovoltaic energy between 2012 and 2015, asking the government a new regulatory framework that addresses this cost reduction issues.

We understand grid parity by the time a consumer will cost the same purchasing electricity grid, which generated its own without any premium. This scenario changed absolutely everything in the electricity market since the end consumer to mean the ability to secure a good share of its electricity at a fixed, constant and predictable over decades. This can be very important in case of electrification of the fleet as it would with minimal investments in the network have the ability to electrify the fleet.

Given that renewable is customary to break the forecast for the better, it is quite likely that this scenario of grid parity is reached rather between the 2011 and 2012, 2015. The state, at the policy, and utility companies, which initially negatively affect their bottom line by reducing sales of electricity to a significant emergence of electric vehicle. The price of photovoltaic panels decreases by 50% in one year (and how will these affect electric cars)