Take advantage of the historically low price of solar panels

The total cost of installing solar panels has fallen so much in recent months that it’s now got to the point where you can pay up to 20-25% less than last summer. How this happened all of a sudden is explained below.

You've probably read about it in the press, and it’s true: solar panels are suddenly a lot cheaper. This is due primarily to the demand for solar panels in Flanders dropping significantly. That’s because the subsidies granted by the Flemish Government and the favourable VAT rate (for houses less than 10 years old) have been scrapped and energy prices have (largely) gotten back to normal. But the main factor is the struggling Chinese economy. There is currently a surplus of Chinese solar panels and that overproduction is being shipped to Europe.

That's good news for consumers – even with falling energy prices, energy bills still take a big chunk out of household budgets. If you’re thinking of installing solar panels, now is probably the time to do so. The favourable prices are likely to last only until Chinese manufacturers have eliminated their overproduction and European stocks begin to dwindle, which means a sudden surge in demand could cause the price to rebound.