German Solar Panel Equipment Reduces Prices by 13% in 2010

German solar energy industry association BSW said that the price of solar energy solar panel equipment in Germany fell by 13% this year, mainly due to the increase in the production efficiency of solar panels and the increase in investment in the field of solar panels.

The association said in a statement that if prices continue to fall at the same rate, by 2012, the cost of electricity for residential rooftop solar equipment will be the same as traditional electricity production.

This year Germany will install a total of 8GW of solar panels.

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