Solar Best and Worst of 2011
2011 has proven itself as one of the most eventful years in the solar industry. Between the massive drop in panel pricing and the very public downfall of Solyndra, the market continues to adapt and grow.
Solyndra, the panel designer/manufacturer publically backed by the government became one of 2011’s top headlines when they sank half a million tax payer dollars. The solar industry took a hit from the exaggeration of the story and the attitude most of the general public adopted after Solyndra went under. The $535 million dollar loan guarantee the government provided left a bad taste in tax payer’s mouths when the company filed for bankruptcy in September. The incident has become politically polarizing with Republicans blaming the Obama administration for awarding loan security based on monetary contribution to the Democratic party instead of merit. The investigation is ongoing, meanwhile, responsibility for the massive loss in tax payer’s dollars has yet to be claimed. Fortunately, the industry showed resilience in growth, surpassing 2010’s 887 installed mW by totaling more than 1,000 mW by the end of the third quarter.
Brightsource Energy is a utility scale installer in Southern California. They have made the top 10 list of Greentech Startups several times since they started in 2004. Investors have ranged from Google to BP and most recently, the U.S. Department of Energy through a $1.6 billion loan guarantee. 2012 promises more growth with over 16,000mW in secured projects.
The third is a literal figure. The price of panels took a 30% drop in the last year. Though this sounds like a good figure (and it is) it has presented its fair share of problems. Many installers and distributors are finding themselves with excess inventory they purchased above market pricing. The forecast for the next couple of years looks better still for consumers: “NRG expects the cost to fall in half again in the next two years, which would make solar power less expensive than retail electricity in roughly 20 states.” (Greentechsolar.com) Bottom line, the price of going solar continues to plummet making it a more accessible and economical option for consumers.







