Are Solar Panels Getting Cheaper?

Yes, the cost of solar panels has significantly decreased over the past decade. According to the National Renewable Energy Laboratory, the cost of solar photovoltaic (PV) modules has decreased by approximately 90% since 2010.

The decrease in cost is due to a variety of factors, including advancements in technology, increased production, and economies of scale. In addition, there are now more financing options available for solar panel installations, making them more accessible to homeowners and businesses.

Despite the initial cost of installation, solar panels can be a financially attractive investment due to the long-term savings on electricity bills and potential incentives from federal and state governments. It's important to do your research and carefully evaluate your options before making a decision.