Tag Archives | price

Solar Panel prices are rising

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

SunPower Corporation
( 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….

Solar Panel prices are rising

 

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!

 

Residential Solar PV Systems Boost Sales Price Of California Homes

Residential Solar PV Systems Boost Sales Price Of California Homes

This is great news for anybody thinking about going solar. With Company like American Solar Direct offering little/no out of pocket lease programs home owners can increase the value of their home without spending any money. This is the only remodel you could do to your house that would not cost you anything!! Check out the study that just came out of Berkley below:

New research by the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory finds strong evidence that homes with solar photovoltaic (PV) systems sell for a premium over homes without solar systems. “We find compelling evidence that solar PV systems in California have boosted homesales prices,” says Ben Hoen, the lead researcher on the study and a Principal Research Associate at Berkeley Lab. “These average sales price premiums appear to be comparable with the average investment that homeowners have made to install PV systems in California, and of course homeowners also benefit from energy bill savings after PV system installation and prior to home sale.” The research finds that homes with PV in California have sold for a premium, expressed in dollars per watt of installed PV, of approximately $3.90 to $6.40/watt. This corresponds to an average home sales price premium of approximately $17,000 for a relatively new 3,100 watt PV system (the average size of PV systems in the Berkeley Lab dataset), and compares to an average investment that homeowners have made to install PV systems in California of approximately $5/W over the 2001-2009 period. “This is a sizeable effect,” says co-author and Staff Scientist Ryan Wiser of Berkeley Lab. “This research might influence the decisions of homeowners considering installing a PV system and of home buyers considering buying a home with PV already installed. Even new home builders that are contemplating PV as a component of their homes can benefit from this research.” Approximately 2,100 megawatts (MW) of grid-connected solar PV have been installed in the U.S. California has been and continues to be the country’s largest market for PV, with nearly 1,000 MW of installed capacity. California is also approaching 100,000 individual PV systems installed, more than 90% of which are residential. Though an increasing number of homes with PV systems have sold, relatively little research has been performed to estimate the impacts of those PV systems on home sales prices. The Berkeley Lab research is the first to empirically explore the existence and magnitude of residential PV sales price impacts across a large number of homes and over a wide geographic area. The research analyzed a dataset of more than 72,000 California homes that sold from 2000 through mid-2009, approximately 2,000 of which had a PV system at the time of sale. “This is the most comprehensive and data-rich analysis to date of the potential influence of PV systems on home sales prices,” says co-author and San Diego State University Economics Department Chair Mark Thayer. The research controlled for a large number of factors that might influence results, such as housing market fluctuations, neighborhood effects, the age of the home, and the size of the home and the parcel on which it was located. The resulting premiums associated with PV systems were consistent across a large number of model specifications and robustness tests. The research also shows that, as PV systems age, the premium enjoyed at the time of home sale decreases. Additionally, existing homes with PV systems are found to have commanded a larger sales price premium than new homes with similarly sized PV systems. “One reason for the disparity between existing and new homes with PV might be that new home builders also gain value from PV as a market differentiator that speeds the home sales process, a factor not analyzed in the Berkeley Lab study,” says co-author and Berkeley Lab Principle Scientific Engineering Associate Peter Cappers. “More research is warranted to better understand these and related impacts.”

http://www.solardaily.com