Prices of solar panels' should drop by end of the year'
Industry figures are predicting that the cost of solar panels should begin to fall before the end of the year.
A new manufacturing capacity and long-standing supply issues are being addressed which should have a knock-on effect on the raw material costs, reports Business Green.
Miles Schofield, solar product manager for Sharp, predicted that silicon costs will fall by up to a third by 2012 and should result in a downward trend for the price of solar panels.
He spoke to the businessgreen website saying: "There have been bottlenecks in the supply of silicon that have offset the gains that should have come with improved economies of scale, but those bottlenecks are due to ease at the end of the year."
The Mirror reported last week that pop star Lily Allen wants MPs to back a Commons bid offering people incentives to utilise solar energy on their house.
She has previously used studios that rely on solar energy and gave her support to people getting financial rewards for following suit.
Article Date: 06 May 2008
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