Wholesale solar-panel prices, currently around $1.50 a watt, are expected to fall another 20% by the end of this year according to a Dow Jones Newswire article.
Part of the reason for the drop in price is due to the increase in demand spurred by government grants and tax incentives. Demand has more than doubled in 2010 to more than 1,000 Megawatts and is expected to double again this year to 2,000 Megawatts.
According to the article Bankers have said that lining up financing for solar-panel facilities is relatively easy because they have a successful track record in Europe.
All this is good news for both residential and business owners looking to cut their electricity bills with the help of solar power.
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To learn more about reducing your utility costs go to Shoreline Green Business home page and register for the North King County Green Business Conference.