Unless you’re planning on installing the panels yourself, the price is actually going up now because the labor component of the installation is growing faster than the equipment prices are declining. Furthermore, many utilities are trying to enact regressive metering policies that will make ROI nearly impossible to achieve over the life of the panels.
The best time to install was the year the IRA was signed into law. The second best time is now.
This all seems to assume I live in the USA which is not the case. Last time I had a solar panel company representative visit the vast majority of the cost was the equipment - the installation itself is rather quick. Obviously the price decrease is not going to last forever but so far it has been true. Also, this is just to highlight the fact that “deflation” does affect consumer behaviour in a negative way.
Unless you’re planning on installing the panels yourself, the price is actually going up now because the labor component of the installation is growing faster than the equipment prices are declining. Furthermore, many utilities are trying to enact regressive metering policies that will make ROI nearly impossible to achieve over the life of the panels.
The best time to install was the year the IRA was signed into law. The second best time is now.
This all seems to assume I live in the USA which is not the case. Last time I had a solar panel company representative visit the vast majority of the cost was the equipment - the installation itself is rather quick. Obviously the price decrease is not going to last forever but so far it has been true. Also, this is just to highlight the fact that “deflation” does affect consumer behaviour in a negative way.