The photovoltaic industry is in a perverse situation. To make
power generation from solar competitive, prices of solar panels had to
come down. Tens of billions in subsidies were plowed into the industry.
Technological advances came along. And the price per watt crashed
exponentially, from $76 in 1977 to about $7 in 1989. Then it leveled
off. By 2000 it began to drop again, hit $4 in 2005, $2 in 2
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http://oilprice.com/Alternative-Energy/Solar-Energy/Solar-Crisis-Cheap-Chinese-Solar-Panels-Prove-Defective.html
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