Solar power technology continues advancing at a rapid rate in 2017. Popularity in solar power has increased drastically within the last couple of years due to breakthroughs in reducing the price per kwh in solar panels and solar power storage technology. One of the most notable breakthroughs came when Elon Musk, Chairman for SolarCity, announced a Solar Roof which turns any home into a solar-powered building where roof tiles are miniature solar panels.
With supply exceeding demand, producing the silicon panels for photovoltaic (PV) power generation has been an intensely competitive business for several years. There are however reports that a turnaround is underway. Solar industry observers like Greentech Media (GTM) state that with capacity growing only slowly, manufacturers are beginning to see signs of better margins ahead.