The cost of polysilicon, used in solar panel production, rose 5 percent in price this week. Solar panel costs could also increase because of the jump.
One of the most important materials used in solar panel manufacturing has gone up in price — the biggest jump in eight months — just as demand soars., heavily used in solar panel production, rose nearly 5 percent in cost on Wednesday, marking the highest price for the stuff since late 2011. As companies work to lessen their reliance on fossil fuel, the outlet says demand for solar panels has gone up.
The pub also found that costs could continue rising in the third quarter of the year, and because profit margins have already been cut thin and some projects canceled entirely, the costs of solar panels could rise because of the materials cost.Americans are stuck between a metaphorical rock and a hard place when it comes to energy consumption.
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