SOLAR PANEL PRICES – PRICE RISE EXPECTED SOON

solar panel prices

Cost of Solar Power in Geelong due to $AU

For those contemplating Solar power. Now is an ideal time to go solar, with looming price hikes of Solar panels and railing solar could provide the answer.The price of Solar Photovoltaic (PV) panels are rising sharply due to the big drop in the $AU vs th $US impackty greatly on the cost of Solar systems , Velocity Solar has tried to keep the cot of solar systems the same low price for over  months and has absorbed a lot of the price rises, Prices will have to go up soon making this month a good time to go solar for your home.

Solar-Panel-Prices-Rising
Geelong solar installer

 

Now is the perfect time to take advantage of the low prices that have almost become the norm, as higher prices hit our shores. You may not be aware that with the industry’s current low prices the majority of manufacturers are sustaining significant losses on their products – making price increases inevitable as this cannot be sustained.

An enlightening analysis provided by Nigel Morris from Solar Business Services (a solar industry expert for 20 years) attributes the price increase of PV to reduced global demand in conjunction with several panel manufacturers exiting the market. With market factors as they are, prices will be increasing.

$AU causes solar panel prices to rise
$AU causes solar panel prices to rise

The $AU has been hit hard and pricing of all solar panels has risen as much as 15% over the last 2 months.

What Does This Mean For Me?

Velocity Solar  expects this change to have knock-on effects to customers as Feb 1, 2015.  With energy costs continually rising, those who purchase a solar system before this time will dodge price increases on PV, while also enjoying the benefits of solar with its increased returns in the face of high energy costs.

Velocity Solar proudly supporting Geelong Solar industry for last 4 Years.

We pride our selves on offering the best Quality Solar Inverters on the market from SMA to ABB- Aurora inverters and Enphase Micro Inverters.  Also in conjunction with tier One solar panels. Velocity Solar will offer a supperior service to all clients. Enquire now to discuss whether Solar Power will suit your installation in Geelong.