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1. Technology The type of solar technology used can greatly influence costs, with monocrystalline panels usually being the most efficient and most expensive option, while polycrystalline panels offer a more budget-friendly alternative.

One of the most compelling reasons to invest in PV panels is their environmental benefits. Solar energy is a clean and renewable resource, significantly reducing carbon emissions and reliance on fossil fuels. By harnessing the power of the sun, PV panels contribute to a decrease in greenhouse gas emissions, helping combat climate change. Furthermore, solar energy systems can lead to reduced air pollution, benefiting public health and the environment.

1. Raw Material Costs The primary component, silicon, plays a significant role in pricing. Fluctuations in the global supply chain can impact costs; hence monitoring the market for raw materials is crucial.

Solar power systems do not require much maintenance. Just needs to be cleaned twice every year, but it should be kept in mind that cleaning should always be done by experts who know this work well. Inverters are also a part of the system, to be replaced in five to 10 years, that is, very little is spent on maintenance and repair work in addition to the initial cost.