There is no limit to Innovation
VOX Updated by Brad Plumer on September 29, 2014, 10:10 a.m. ET
Solar panels are still a niche product. But the cost of solar rooftop systems has been plummeting in recent years (see chart). Firms like SolarCity will now install solar systems at no upfront cost to customers who can then make monthly payments. Plus, there's a 30 percent federal tax credit for residential solar systems until the end of 2016.
The Price of Installing Solar Power is going down big time. I am not a specialist but i guess if Solar Panel lasted forever it would make sense to buy them at any price. However the solar panels have a limited life. So the point is to figure out if the power they produce is enough to compensate the initial cost. Since the Installation cost is going down i guess fossil energy has to come down also.
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