Solar prices are going up


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Solar prices are going up

  The cost of solar has soared 18% in the last year, for an industry that had experienced dramatic price declines over the last decade that have enabled it to compete with fossil-fuel-fired projects. After years of consistent decreses in prices the cost of solar is now going up. There are a few factors as to the rise in cost. Inflation is at the top of the list. U.S. inflation surged to a new four-decade high of 8.5% in March from the same month a year ago, driven by skyrocketing energy and food costs, supply constraints and strong consumer demand. Many states have seen inflation rates over 10%. 

 Solar sales are still up dispite the increse in cost mainly because the cost of energy has increase even more. Energy costs have incresed 11% in less than 2 years. Most experts say that trend will continue for a while.

 With energy costs exploding and with solar costs increasing and with incentives decreasing,  now is the best time to go solar. The tax credit drops from 26% this year to 22% next year. The cost of solar will also be higher next year than it is now. There is also no guarentee that the utilty companies that are offering good net mertering program will still be available. Take a look today at what solar can do for you. Here comes the sun, is it making you money?

 


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