Solar prices drop more, pressuring panel makers

Reuters: Solar panels prices have kept marching lower this year, extending steep declines seen in 2011 and keeping pressure on hard-hit manufacturers who have struggled to eke out profits, industry experts said. Average selling prices for the photovoltaic modules that turn sunlight into electricity have dropped to 80 to 85 cents per watt, a decline of more than 10 percent from levels near 95 cents recorded at the end of 2011, a year that saw prices fall by about 50 percent. Those price drops have helped...

URL: http://www.msnbc.msn.com/id/47043457/ns/business-going_green/