From: Bloomberg News
Polysilicon, the raw material used by the $38 billion a year solar industry, is forecast to bottom near a record low next year after the leading manufacturers in China and South Korea halted factory expansions.
The spot price will fall 6 percent to about $18.20 a kilogram by mid-2013 and then is likely to stabilize, according to the median estimate of five analysts surveyed by Bloomberg. The commodity crashed from $475 in 2008 and is down 27 percent this year to $19.36 on Oct. 1, the lowest in at least a decade. Read more…
There are many factors that have lead to the incredibly low prices for solar we are now seeing but solar silicon dropping from $475 to $19.36 has to be the biggest. Many of Washington and Oregon’s solar incentives are still based on the 2008 cost for solar, making this the perfect confluence of incentive and price. There has never been a better time to make power at home.