What Is The Driving Force Behind An Increase In Solar Prices

1. What Is The Driving Force Behind An Increase In Solar Prices? Over recent weeks there has been an increase in the price of premium quality solar panels. While the increase in the price per watt was rather insignificant, it was enough to start a media storm that can potentially put an end to the exponential growth the industry has been seeing over the past couple of years. Before getting into a panic frenzy and giving the naysayers when it comes to this green solution to energy-production their day, we opted to get the opinion of a team that has been a driving force behind solar energy and the multitude of benefits it brings. This is of course the trusted and highly regarded group of solar experts at Springer Solar. The core of this possible concern is because the production of premium quality solar panels take place off the Australian shore. Thus, it is due to a concern beyond our border and also out of our control. Over recent weeks some of the most prominent suppliers in the field of solar panel production aired concerns that they are facing rising costs when it comes to shipping the raw materials needed during the production of these panels. While the price of polysilicon has always been high, the price of adhesive films and solar glass now also increased quite rapidly. This will impact the production cost of solar panels and as a result, the price increase in production will ripple out to influence the price of the complete solar system. This is not the only obstacle that the solar industry is facing. The Chinese government has called out an energy crisis in the nation which will increase the demand for solar panels. As this demand increase, the supply to other smaller solar suppliers gets impacted. In short, this will lead to a higher demand for solar panels in Australia and as soon as that demand increases, price increases. But where does all of this leave the consumer when it comes to the price of solar systems? The team at Springer Solar, one of the most prominent role players in the local solar industry emphasises the fact that the solar industry has been around for quite some time. During this time, it has seen some difficulties, but mostly the industry has been gaining ground. They also state that the price increase per watt that the media forecast should not be pulled out of proportion. The numbers they use are based on national supply and every state will have a different number. For example, in NSW there is currently a drop in the price per watt while the overall price is increasing. Furthermore, it is also important to keep in

2. mind that over the past couple of years, the price drop per watt has been consistent and relatively impressive. While there might be a temporary increase in the price of solar panels causing the unit price to increase, even the forecasted increase is not close to where the industry was only a few short years ago. Coupled with rebates and the immense return on investment that you can get from such a system, it remains the better alternative. While there is currently an increased interest in the price of solar panels going up, the rate that Australians are paying for electricity is still one of the highest in the world and opting for solar, even when the price of solar systems is increasing, remains a saving to your budget over the long run. It is also vital to remember that when you opt for solar at your home, office or commercial property, the benefits of such an installation are not only monetary. The impact it has on saving the environment is simply just harder to measure. About Us : Since we opened our doors in 2002, our commitment has always been to continuously search for improvements and newly developed products by remaining at the edge of development. Through our impeccable standards in quality and workmanship, we are continuously promoting the much cleaner and cost-effective solution to conventional power sources. We rely on a team of more than 40 specialists in the industry to take care of every installation with precision and care, while our staff is always ready to part with a wealth of knowledge to help you to find the best possible answer to your energy needs. Visit our website https://www.springers.com.au/ and explore the wealth of options and possibilities available to make the transition to a cleaner solution.