How has the price of solar panels developed in recent years?

The price of solar panels has developed significantly in recent years. Initially, the prices of solar panels were high, but with the development of technology and the increase in production volumes, the prices have dropped considerably. This has led to the widespread use of solar energy and made it an even more competitive alternative to traditional energy sources.

Especially in the last few years, the prices of solar panels have fallen sharply. This is partly due to China’s massive production of solar panels, which has lowered production costs globally. In addition, the development of solar panel technology has made them even more efficient and cheaper to manufacture.

It is estimated that the prices of solar panels may drop even more affordable in the coming years, which will promote the use of solar energy even more. By following the price development of solar panels, you can get a good idea of ​​when is the best time to invest in solar energy.

Sources: Energiateollisuus, Climate info