Solar pv panel prices fall further

Recent times have seen solar pv panel prices fall dramatically. This has been fueled by a surge in production in China as well as the Japanese solar pv legislation which was passed last month. So far this year, solar panel prices in the UK have fallen by a third with experts expecting further falls. The dramatic falls that have been seen in recent times in the UK has enabled home owners and private equity investors who install a solar pv system on their property to benefit significantly from the Government’s Feed in Tariff scheme.

Home owners interested in installing solar pv should look to install their system before 1st April 2012 to ensure that you benefit as much as possible from this year’s Feed in Tariff rate. Call HiS Group today for a free solar pv survey on 0800 0121 804.

While British customers are benefiting from cheap panels from Asian countries such as China, many Western manufacturers are now facing serious difficulties as they cannot compete with the cheap labour rates seen in Asia. This has been highlighted by the high profile bankruptcies of US solar pv manufacturers such as Solyndra Inc. Further, there are growing fears that several German manufacturers that are struggling to match the production costs in Asia may follow a similar path to the US companies that have failed.

US Solar pv manufacturer Solyndra filed for bankruptcy