The price of solar modules are going up. We have seen some drastic price reductions over the past year but are finally seeing a market correction. The Chinese government has not been on a level playing field with the rest of the globe for the past few years for wholesale manufactures. There are very loose environmental laws, large labor force, and heavy subsidizes from the Chinese government which has allowed China manufactures to undercut the rest of the globe with a flood of inventory. Some of these manufacturers include
Yingli Green Energy Hold. Co. Ltd.
(one of Solar Citys partners) down (71.49%) in 1 year
( RealGoods Solar partner) has many distributor across CA and USA down (74.65%) in 1 year
Suntech Power Holdings Co., Ltd.
( Distributor for multiple mom and pop solar companies in CA down (73.25%) in 1 year
The scary part is these companies are funding and supply a majority of the solar companies in California. These companies boost great warranties for their end consumer when the actual manufactures balanced sheets are not really balanced.
The chart below represents the price of modules on the German Spot Market +8% in one week….
It is important that the USA manufactures can compete on a level playing field and The U.S. has impose anti-subsidy duties ranging from 2.9 percent to 4.73 percent on imported crystalline silicon photovoltaic (PV) cells from China. These anti-dumping and countervailing duty petitions were filed with Commerce and the US International Trade Commission. The petitions alleged that Chinese manufacturers were illegally dumping solar cells and panels in the US market and receiving subsidies that are illegal under World Trade Organization (WTO) rules.
What is going to happen as we move forward with the price of solar cells? For now here in California there are still State and Federal rebates for home owners that can be used to help mitigate the front in cost of going solar. If homeowners continue to wait to “go solar” they may incur higher prices in the years/months to come as the rebates are used up.
Contact me now for a free In-Home Analysis on how affordable it is to “go solar” now!