Driving down the cost of rooftop solar

A glut of supplies pushed prices for solar panels down 50 per cent last year and installers are set to reap the benefits.

A steep decline in solar panel prices is helping solar installers attract new capital, a trend likely to trigger consolidation in the fragmented industry and drive down the cost of putting the renewable energy system on rooftops.

Panel makers such as Suntech Power Holding, SunPower Corp and Yingli Green Energy suffered from a glut of supplies that pushed prices for solar panels down 50 per cent last year, sending their share prices crashing.

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