|It's sunny out. Turn on the solar panels, please...|
|Subject||growth in installation of solar panels on residences|
|Topic||Supply and demand; Government and the Economy; Economics and the Environment|
solar panel, alternative power, subsidy
The cost of installing solar panels on one's house has been slowly falling, and the government's been helping to reduce the price. Over the last 10 years, costs of installing solar panels to power a home have been cut in half. A house typically requires 2.5-3 kilowatts of power generation to function. The wholesale price of solar power generation has fallen over that 10-year period to $3.60 from $5.31, cutting the price of installing solar panels for a typical house to approximately $19,000 to $23,000.
|Source||"Solar Power Heats Up," The Wall Street Journal 2 June 2005. D1+.|
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