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Considering we need about 30x the solar currently installed to made a real dent in fossil fuel usage, I'd call what we have now an under supply.
by marze 11y ago
Considering we need about 30x the solar currently installed to made a real dent in fossil fuel usage, I'd call what we have now an under supply.
- sna1l 11y agoSupply vs demand though. Even if we need 30x current solar capacity to make a dent, if there isn't adequate demand, then it is still an over supply
- infogulch 11y agoSupply and demand are in equilibrium. As the supply increases the price will drop and the demand will increase to match. This is exactly how we want it: more solar panels sooner for cheaper. While that's what we want from an ecological perspective, this price drop will also drop the manufacturer's profits (possibly down to a loss), and from their perspective it really is an "oversupply".
- deleted 11y ago[deleted]
- meric 11y agoIt means for supply to continue to expand while maintaining equilibrium, manufacturers must continue to lower its costs, year after year relentlessly. The oversupply is a hint some of them are having trouble doing just that.
- CyberDildonics 11y agoEveryone uses electricity and anyone who doesn't won't see this. I've read that solar is already getting to the point where in some places it can make sense to invest in solar rather than indexed funds.
- jandrese 11y agoThe manufacturing costs are too high, and the support infrastructure is still too expensive. Manufacturers are going to go out of business with warehouses full of unsold inventory. This is a classic commodity bubble.
- CyberDildonics 11y agoWhere are you getting your data to support this claim? Solar panels can translate directly to money just about anywhere in the world.
- jandrese 11y agoFrom the article.