The world is about to be awash in solar panels.
Because of a glut of solar-electric panel manufacturing capacity, the price of panels is expected to plummet in 2017. Business ventures setting up solar farms, and individuals putting panel on their roofs, could see the price of panels fall from today’s average of more than 50 cents per watt to as low as 30 cents.
TRENDPOST: The glut will be temporary. Some manufacturers will merge to survive the fall in income; others will disappear. Investors considering the industry will largely, and rightly, stay out. Any consumers planning to go solar should prepare to take advantage of low prices, which likely will disappear within a year of arriving.