History Of Solar Panel Price

The price decreases over the past ten years are a major reason why homeowners are increasingly interested in installing solar panels.

History of solar panel price.

Since the beginning of life on earth the sun has been the ultimate source of all energy. But the story is much larger than just that. Elliot berman s research in the 1970s which produced a less expensive solar cell and brought solar panel cost down to about 20 per watt. The term solar panel is used colloquially for a photo voltaic pv module.

But in the next decades the federal government was more involved with solar energy. The history of solar panels can be described by becquerel s discovery of photovoltaic effect or the invention of first solar cell by chapin fuller and pearson in bell labs. In 1956 solar panels cost roughly 300 per watt. Changes in solar panel cost over time can be explained by swanson s law which states that the price of solar pv modules decreases by about 20 percent for every doubling in global solar capacity the law is named after richard swanson founder of high.

Photo voltaic cells use sunlight as a source of energy and generate direct current electricity a collection of pv modules is called a pv panel and a system of panels is an array. Growth slowed in the 1980s due to the drop in traditional energy prices. Since the year 1980 solar panel prices have dropped by at least 10 percent every single year. A brief history of solar panels.

The use of solar panels in the space program through the 1960s increased production and slowly the price reduced to around 100 per watt.