The projected cost of photovoltaic panels has been predicted to steadily decrease until 2030. Estimates from the market based on the current climate for energy efficiency, uptake and demand, and falling manufacturing costs could see prices of photovoltaic panels falling in real terms to as little as 75% of current figures for higher-specification PV solar panels. This is as much reliant on current trends in demand for PV solar panels remaining constant, as it is upon saving through streamlining in the manufacturing process.
Photovoltaic panels cost 2012
The short-term outlook for the remainder of 2012 suggests that photovoltaic panels may see their cost decrease slightly over the coming months. Market analysts and industry experts alike have suggested that the cost of PV Solar Panels in 2012 will most likely act responsively to any change in the energy tariff within the European community. This would most likely be seen with an announced reduction in tariffs, that could potentially ensure that the cost of photovoltaic panels remains unchanged at current levels throughout the summer months as demand increases.
Identifying specifics, the current cost of photovoltaic panels can be broadly divided into three categories based on the power output of the PV solar panels. The cost of name-brand PV solar panels with a standard output of below 200w sees current prices for 2012 range from £300 to around £350. Mid-range photovoltaic panels with an output of up to 210w typically cost between £450 and £550; and premium photovoltaic panels with an output of 250w and above will begin from £750 per PV solar panel. With the premium models, the cost reflects the optimum efficiency of theses photovoltaic panels, as well as the increased output. High end models can offer around 5% above industry-stand efficiency ratings.
Note that these are figures for individual PV solar panels, and the cost can be reduced by the economy of scale offered on bulk purchases of photovoltaic panels. From a snapshot of the current market, a significant cost reduction comes into play with purchases of 40 or more PV solar panels. However, small business and residential installations usually require just ten PV solar panels on average.