Letter Re: The Downward Trend for PV Panel Prices
Jim, I’ve had the impression for some time now that from all the so-called alternative energy sources, photovoltaic (PV) panels appeared to be the only one capable of really having an impact on traditional fossil fuels. Years ago the lowest prices you would see for solar panels were about $4 per watt. Not long ago a batch of new startups entered the marketplace producing thin-film solar cells, which could be manufactured with far fewer materials and some of these companies (Nanosolar) claimed their cell production cost less than $1 per watt, which was a symbolic price point that represented competitiveness …