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2. Cost-Effectiveness Although the upfront investment for high-capacity solar panels might be higher, the increased energy output can lead to significant savings on electricity bills over time. With government incentives and tax credits for solar energy installations, the return on investment becomes even more attractive.
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Moreover, affordability is a crucial factor driving the adoption of new solar panels. As technology advances and production scales up, the cost of solar panels has dropped significantly over the past decade. This trend is expected to continue, making solar energy accessible to a broader audience. Government incentives and rebates are also playing a pivotal role, encouraging homeowners and businesses to invest in solar technology.