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Sunday, July 29, 2012

Solar cell industry in free fall

Crashing prices for solar energy products are pushing most world manufacturers to the brink of destruction, and stiff tariffs the United States recently imposed on China are not reversing the trend.

Low prices for solar cells — used to assemble the panels — are a windfall for installers and consumers, but global manufacturers are calling foul as the price for the cells has fallen 66 percent since third quarter 2010. And Boston-based analyst firm GTM Research said it does not expect to see solar product prices increase anytime soon because of a worldwide glut.

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