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2. Technology The type of technology used in solar panels can significantly influence their price. For instance, monocrystalline panels, renowned for their high efficiency and space-saving properties, generally cost more than polycrystalline panels. If efficiency is a priority, investing in a monocrystalline 345 watt solar panel may be worthwhile.
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Furthermore, financing options such as solar loans and leases can help make solar power more accessible. Solar loans allow homeowners to spread the cost of installation over several years, while solar leases enable consumers to pay a monthly fee to use solar power without the responsibility of purchasing solar panels outright. These options can significantly reduce the financial burden associated with going solar.
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