The Information Network, a research group predicts that:

”The solar panel market will reach only 7.1 GWatts in 2009, equivalent to a global growth rate of 26 percent, down from a 48 percent growth in 2008…’Panel prices will likely fall between 20-to-30 percent in 2009 as global supply of polysilicon doubles.”

The demand for solar panels is going to keep increasing as wireless networks spread to remote parts of the world. A large number of telecom equipment makers are using solar panels to power repeaters, cellular base stations and other parts of the telecom infrastrcuture.

The US administration’s eco-centric policies are likely to help keep the demand for alternative technologies such as solar panel steady.

Related link: Our prior coverage of  Solar Panels