When pondering solutions to be more sustainable, switching to solar energy pops up as a solution. Solar seems like an excellent addition to one’s home; however, there are a lot of apprehensions. This stems from the cost. Solar has been known for being an expensive investment that turns people away. However, since 1998 the price of a solar array has decreased by 70% for an average home (Solar Nation). In other words, the price of solar has a decay factor of 0.30. When considering the cost, some factors change depending on the area, such as your electricity grid and how much your household consumes. Although, it is clear that the initial cost of solar is decreasing every year while the savings are consistent. This being said, solar is an excellent switch to a more sustainable and renewable lifestyle.
https://www.energy.gov/eere/solar/homeowners-guide-going-solar
https://www.solar-nation.org/can-switching-to-solar-panels-save-me-money
The price of switching to solar power has always been a reason many people state they won’t switch to it, so it is good to see that the price has been decreasing, making it more accessible for people to use!
Thank you for your comment! You’re absolutely right, the decreasing cost of solar energy is making it more accessible to a wider range of people. If you’re considering switching to solar, I can share some resources on government incentives, financing options, and installation costs in your area.
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