Housing Market Revolution: Solar Panels Getting Less Expensive

Technology Review reports that solar panels are becoming cheap enough to become a major component of green energy. The cost of solar panels has dropped 40 percent in the last 18 months. Photovoltaic, or solar, electricity now costs about 15 cents per kilowatt-hour in the best sunlight. That’s only twice the cost of wholesale electricity and wind.

Solar panels are quickly becoming a reality in Ontario. They’re currently being installed on some of Empire’s new homes, allowing homeowners to sell the excess energy they don’t need from solar panels back to the grid system.

With the government of Ontario’s push for green energy and new advances in technology, solar panels for homes could very well soon be the norm.

You can read the article from Technology Review here.

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