I think the huge up front costs of generating solar power are one of the main reasons why solar power isn’t more common, especially in sunny places like Los Angeles and Phoenix. Maintenance of solar panels is expensive, materials are expensive, the market is not competitive enough against the conventional energy market. People who invest in solar power are afraid that their investments won’t pay off, so the growth in this sector is very slow.
Solar power is becoming more common as it becomes cheaper. This is the main reason we have yet to see a huge solar power boom: it has just been too expensive for the average American to afford up until now. But, solar power has become much cheaper over the past few years and continues to do so. Last year, solar power dropped by about 50% in cost and is expected to do the same this year.
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