Analyst warns of 'solar market eclipse' in 2009

Analyst warns of 'solar market eclipse' in 2009 from the EE Times.

Key Points:

• Global Revenue in 2009 is supposed to be down 19%
• Massive oversupply of PV due to a glut.
• 9.6% increase in PV installed.
• New installs will be $2.50 to $2.75 per watt range, down from the current level of $4.20 per watt.

Hmm... I wonder what the point the drop in price will increase demand? This is a 41% decrease in cost. And since half the cost of an install is labor. Hmm... I am not sure the figures add up, unless there is some increase in the efficiency of installs.