German Feed In Tariffs Spur Inverter Price Reduction

[RenewableEnergyAccess.com] By the beginning of 2005, Germany-based SMA will reduce prices on their Sunnyboy solar photovoltaic (PV) inverters throughout Europe. Germany’s new renewable energy act established strong feed-in tariffs (rebates) for solar and thus greatly expanded the PV industry in the country, making these price cuts feasible for SMA. This legal revision resulted in an increased demand and therefore in a doubling of market volume in the field of solar power plants. The larger number of units has allowed companies in the solar business to optimize manufacturing processes and to reduce costs of production. SMA’s price reduction will also be made retroactive for European purchases made after December 1 of this year — effectively, those who order an inverter before the beginning of the next year will benefit from the reduced prices.
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