As the solar market continues its dramatic growth, the future outlook for manufacturers is changing. While US photovoltaic module manufacturers were working on technology development and manufacturing strategies, their competition, mainly in Asia, was able to line up financing and build new factories more rapidly. The Chinese government also has been developing a set of subsidies to boost solar energy production in-country.
As a result, a great deal of industry buzz has been generated by the precipitous slide in solar module prices, which dropped approximately 40 percent from 2007 to 2010 and by another 40 percent in 2011. Most industry experts predict that solar module price will eventually bounce back from its lowest level of 2011 once demand catches up with supply as evidenced by steadily growing solar energy demand in the future. Keep reading →