The more solar panels for sale the better. The more companies who enter the market the better. If there are more companies competing to sell their solar panels, then the consumers win. If there is only one company, then they get to pretty much charge what they want, but as more and more companies enter the market, the prices come down due to competition and improved products.
This is why it is great news that Q-Cells, a German Solar Company has entered the US market to sell their solar panels. Their main products is a flexible film solar panel that directly competes with First Solar’s flexible solar panels.
However, Q-Cells claims that their solar panels are more efficient, absorbing 13% to First Solar’s 11.7% efficiency. Q-Cell said their thin flexible solar panels are good for houses that do not get as much direct sunlight, and that they panels are more durable than competing solar panels.
So if you are in the market for solar panels, then you have one more option to consider. I believe that the competition will continue to increase and we will see more and more competition in the solar panel market.