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Tuesday, June 10, 2008

Solar Prices going Up

With natural gas prices tripling, and oil heading to $200/barrel, you may be thinking of investing in solar power for your home. If you do it yourself, a solar system costs far less than the retail cost of electricity. Most solar industry reports claim that solar "will never" compete with wholesale natural gas electric generation. That's because it doesn't have to. Solar only has to compete with retail. And at 10-cents per KWH, it does.

The time to buy a system is now. Solar prices are also going up with the costs of energy, and a system bought 2 years ago is already worth more (watts per dollar) than a system bought today.

In fact, there's a case to be made that early investment in solar, with the rising costs of energy, will pay for itself twice over whereas late investment will be worth little.

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